THE Philippine Exporters Confederation Inc. (PhilExport) has petitioned the government not to fiddle around with the zero value-added tax (VAT) exemption, which applies to both indirect and direct exporters. The Department of Finance (DoF) is proposing to keep the zero VAT rate only for direct exporters. In a position paper dated February 1, PhilExport said […]
Read MoreHEADLINE inflation likely accelerated in January on higher food and oil prices, further depreciation of the peso and sin tax adjustments, analysts polled by The Manila Times, said. Five analysts said inflation in the first month of this year could have settled within the 2.8 percent to 2.9 percent range. The average estimate by analysts […]
Read More[MANILA] The Philippines’ annual inflation rate in January probably accelerated to 2.8 per cent, a more than two-year high, but was not expected to affect the central bank’s policy decision this week, a Reuters poll showed. Fuel and food costs may have contributed to higher inflation in January, economists said, but the forecast is still […]
Read MoreThe job market in the Philippines is seen to continue flourishing in 2017 as companies ramp up their recruitment activities, according to findings of a new survey. The latest Global Salary Survey from specialist professional recruitment firm Robert Walters revealed that there will be a wide range of career opportunities in the country in 2017, […]
Read MoreMANILA, Philippines – Marikina Rep. Romero Quimbo urged the House of Representatives Ways and Means Committee yesterday to separate the proposed reduction in income tax from the administration proposal to impose a P6 tax on diesel and other oil products. Quimbo, who headed the committee in the previous Congress, reminded current chairman Dakila Cua that […]
Read MoreMANILA, Philippines – British banking giant HSBC said strong investments and private consumption would help sustain the country’s economic expansion. In a report, HSBC economist Su Sian Lim said the gross domestic product growth in the Philippines, Indonesia, Malaysia, Thailand, Singapore and Vietnam would average 4.4 percent this year and 4.5 percent in 2018. “ASEAN […]
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