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Electronics firms oppose tax shift under TRAIN 2

Electronics and semiconductor firms are willing to absorb higher operational costs expected to be brought about by the proposed second tax reform package as long as it would be minimal, the head of the industry’s umbrella organization said yesterday......»»

Category: financeSource: philstar philstarJun 13th, 2018

Electronics firms brace for higher tax cost

ELECTRONICS companies in the country -- a key driver of merchandise exports -- are bracing for bigger costs once planned changes to current fiscal incentives are implemented. The post Electronics firms brace for higher tax cost appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 13th, 2018

House leader, opposition clash over independence

SPEAKER Pantaleon “Bebot” Alvarez credited President “Rody” Rodrigo Duterte for making the Philippines a truly independent nation under his term, while opposition lawmakers lamented the failure of the government to oppose the creeping “invasion” of China in the West Philippine Sea . Alvarez cited the major shift in the foreign….....»»

Category: newsSource:  journalRelated NewsJun 12th, 2018

Facebook granted Chinese electronics firms access to user data

MANILA, Philippines - In the wake of the controversial Cambridge Analytica scandal, The New York Times reported that Facebook, on Tuesday, June 5 confirmed that at least four Chinese electronics firms were granted private access to user data. The social media giant disclosed that it has data-sharing ........»»

Category: newsSource:  rapplerRelated NewsJun 6th, 2018

LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

New phase of globalization could worsen CO2 pollution – study

The shift of low-value, energy-hungry manufacturing from China and India to coal-powered economies with even lower wages could be bad news for the fight against climate change, researchers cautioned on Monday.   As Asia's giants move up the globalization food chain, many of the industries that helped propel their phenomenal growth -- textiles, apparel, basic electronics -- are moving to Vietnam, Indonesia, and other nations investing heavily in a coal-powered future. Since the start of the Industrial Revolution, global warming has been caused mainly by burning oil, gas, and especially carbon-rich coal.   "This trend may seriously undermine international efforts t...Keep on reading: New phase of globalization could worsen CO2 pollution – study.....»»

Category: newsSource:  inquirerRelated NewsMay 15th, 2018

BPOs remain bullish despite TRAIN 2 passage — Colliers

Business process outsourcing (BPO) firms remain bullish on expanding in the Philippines despite the removal of tax perks under the proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN), according to real estate consulting services Colliers International Philippines. Colliers Senior Research Manager Randwil Dinbo U. Macaranas said that BPO firms take into […] The post BPOs remain bullish despite TRAIN 2 passage — Colliers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 10th, 2018

Most Filipinos oppose Charter change, federalism — Pulse Asia

More Filipinos have expressed opposition to amending the 1987 Constitution as around seven out of 10 have rejected the proposed shift to a federal system of government, a latest Pulse Asia survey revealed......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2018

Most Filipino oppose Charter change, federalism — Pulse Asia

More Filipinos have expressed opposition to amending the 1987 Constitution as around seven out of 10 have rejected the proposed shift to a federal system of government, a latest Pulse Asia survey revealed......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2018

Business sector oppose Negros Island split under federal system

THE NEGROS Oriental Chamber of Commerce and Industry (NOCCI) and the Central Visayas regional chamber has expressed full support to a shift to a federal system of government, but want the two Negros provinces in one island to belong to the same state. Edward Du, Central Visayas Regional head of the Philippine Chamber of Commerce […] The post Business sector oppose Negros Island split under federal system appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 29th, 2018

Firms see robust sales despite TRAIN

By Krista Angela M. Montealegre National Correspondent FILIPINOS did not hold back on spending despite higher prices of goods in the first quarter of the year, but elevated input costs would continue to put pressure on the profitability of consumer companies. COL Financial Group, Inc. Vice-President and Head of Research April Lynn L. Tan said […] The post Firms see robust sales despite TRAIN appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 15th, 2018

IMI, Japanese firm team up to produce touch sensors

A SUBSIDIARY of Integrated Micro-Electronics, Inc. (IMI) has partnered with one of the largest printing firms in Japan for the development of “game-changing” touch sensors. In a disclosure to the stock exchange on Tuesday, the Ayala-led manufacturer said subsidiary VIA optronics GmbH have formed a new joint venture company with Toppan Printing Co. Ltd. Under […] The post IMI, Japanese firm team up to produce touch sensors appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Real estate developers cite China factor behind rising condo demand

By Krista A. M. Montealegre National Correspondent CHINESE nationals are adding fuel to residential condominium demand, as property developers look to add record new supply in Metro Manila this year. Real estate firms Ayala Land, Inc.; DMCI Project Developers, Inc. and D.M. Wenceslao & Associates, Inc. are seeing a shift in demand on higher sales […] The post Real estate developers cite China factor behind rising condo demand appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Peza: Higher imports in 2017 seen as hedge vs tax on local supplies

Imports made by Peza-registered companies grew to more than P2 trillion last year partly because of worries that the Philippine administration might start charging more for local purchases, a top official said. Data from the Philippine Economic Zone Authority (Peza) showed that the imports ordered by Peza-registered firms reached $39.18 billion (more than P2 trillion) in 2017, which is a 27-percent increase from the $30.895 billion (over P1.6 trillion) reached in 2016. In a recent press briefing, Peza Director General Charito Plaza said the TRAIN law's plan to remove the zero-rated value-added tax (VAT) for certain local transactions "could be" a factor behind the increase in impor...Keep on reading: Peza: Higher imports in 2017 seen as hedge vs tax on local supplies.....»»

Category: newsSource:  inquirerRelated NewsMar 6th, 2018

Oil firms cleared on TRAIN pricing violations — DOE

MANILA, Philippines — The Department of Energy (DOE) has cleared oil companies that reportedly hiked prices even before the Tax Reform for Acceleration and I.....»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2018

TRAIN not an excuse to lay off workers-Lopez

The country's trade chief warned firms not to use the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, which raised excise taxes on sugar- sweetened drinks, as reas.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2018

Group presses tax perks for small firms

The Philippine Exporters Confederation Inc. (Philexport) wants the government to offer incentives under the second tax reform package specifically designed for micro, small and medium-sized enterprises (MSMEs). Philexport said that it wanted to see some fiscal and non-tax incentives in the second tax reform package, which the Department of Finance has recently submitted to Congress. After passing the first package---also known as the TRAIN law---in December last year, the government is now pushing the second in a series of tax reform packages. While the TRAIN law lowered the personal income taxes of many Filipinos and raised consumption taxes, the second package seeks to cut cor...Keep on reading: Group presses tax perks for small firms.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2018

TRAIN implementation won’t significantly impact MVP firms

MANILA, Philippines — Businessman Manuel V......»»

Category: financeSource:  philstarRelated NewsJan 14th, 2018

What lies ahead

It’s been 12 days since we ushered in a new year and a lot has already happened. On the local front, the Tax Reform for Acceleration and Inclusion or Train Law is now in effect while talks of revising the 1987 Constitution and shift to a federal form of government have taken over the headlines. [...] The post What lies ahead appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

DOE deploys inspectors to deter oil firms from TRAIN ‘abuse’

The Oil Industry Management Bureau has deployed a team of inspectors to randomly check the inventories of service stations and depots nationwide......»»

Category: newsSource:  interaksyonRelated NewsJan 10th, 2018