MANILA, Philippines — Manila has dropped two notches in the list of cities in the world with the best quality of life, according to the latest survey conducted by consulting firm Mercer. The Philippine capital, previously at 135, tied with Colombo in Sri Lanka at 137 in the 2018 Quality of Living Survey. Austrian capital Vienna […]
Read MoreMANILA, Philippines — The Philippine bond market was the fastest-growing among other debt markets in the Emerging East Asia region in the fourth quarter of 2017, reflecting positive economic growth for the region and increased prospects of higher inflation, the Asian Development Bank (ADB) said. In its latest Asia Bond Monitor, the multilateral development bank […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has released three revenue regulations containing implementing rules and regulations (IRR) of the recently enacted tax reform law. Posted on the BIR’s website, Internal Revenue commissioner Caesar Dulay said Revenue Regulations (RR) 11, 12 and 13 amended existing rules involving withholding of income tax, estate and […]
Read MoreMANILA, Philippines — Even as the Philippines continues to lag behind its neighbors in the agriculture sector, it is now moving to modernize the industry to keep up with the increasing population and effects of climate change. But unfortunately, its full potential may not be felt any time soon, according to experts. While the Duterte […]
Read MoreMANILA, Philippines — The balance of payments (BOP) position of the Philippines continued to bleed as the deficit more than doubled in the first two months of the year with more US dollars exiting the country. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the BOP shortfall reached $961 million in the first […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) said the proposed reforms in the country’s tax incentives system would not drive away investors, adding that the provision of tax perks is not the main consideration of businesses in putting up shop in the country. While it is important to provide incentives to businesses, Finance undersecretary […]
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