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Lawmakers file new versions of TRABAHO bill

Several lawmakers have filed bills seeking to lower corporate income tax rates and rationalize fiscal incentives in the country, the Department of Finance (DOF) said over the weekend......»»

Source: Philstar PhilstarCategory: News10 hr. 23 min. ago Related News

Sectors bare expectations for administration’s 2nd half

PRESIDENT Rodrigo R. Duterte had done relatively well in the first half of his term in pushing fiscal and other economic reforms as well as in stepping up infrastructure spending, but much still needs to be done in liberalizing the economy and overhauling an outdated tax structure, industry groups said in separate interviews last week......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 10 min. ago Related News

ADB lowers India s GDP growth forecast to 7 pc for FY20

Manila [Philippines], July 18 (ANI): Asian Development Bank on Thursday cut India's gross domestic product (GDP) growth forecast to 7 per cent for the current financial year on the back of fiscal shor.....»»

Source: Manilanews ManilanewsCategory: NewsJul 18th, 2019Related News

PEZA: TRABAHO bill causes investment decline in 2018

The Philippine Economic Zone Authority (PEZA) has blamed a pending bill in Congress that seeks to tighten the fiscal incentives granted to investors operating in economic zones for the sharp decline in its total investments in 2018......»»

Source: Philstar PhilstarCategory: FinanceJul 11th, 2019Related News

Mayor Joy clarifies P26.5-B city funds

Newly elected Quezon City Mayor Ma. Josefina Belmonte has warned that the city government’s funds may be depleted by the end of the year, emphasizing the need for fiscal prudence and measures to increase its resources......»»

Source: Philstar PhilstarCategory: NewsJul 2nd, 2019Related News

PEZA to commission independent study on impact of eco-zone incentives

THE Philippine Economic Zone Authority (PEZA) said it will commission an independent study to establish which of its fiscal incentives the are effective in driving economic growth, to establish the case for retaining the perks when the legislation comes before Congress......»»

Source: Bworldonline BworldonlineCategory: NewsJul 2nd, 2019Related News

In Philippines bid to abandon plastic, incentives are needed, experts say

In Philippines bid to abandon plastic, incentives are needed, experts say Mongabay.com The Philippines should consider providing incentives, both fiscal and non-fiscal, to propel the shift to sustain.....»»

Source: Manilanews ManilanewsCategory: NewsJun 30th, 2019Related News

Budget swings backs to surplus in May

The government generated a P2.6 billion fiscal surplus in May, a reversal of the deficit incurred last year as the growth in revenues outpaced the increase in public expenditures, according to the Bureau of the Treasury......»»

Source: Philstar PhilstarCategory: FinanceJun 26th, 2019Related News

Del Monte sales fall 8%

Food and beverage conglomerate Del Monte Pacific Ltd. (DMPL) reported an eight percent decline in its Philippine sales for the fiscal year ending April due to the transition in its distributor network......»»

Source: Philstar PhilstarCategory: FinanceJun 23rd, 2019Related News

Biz Groups Support Moderated Teachers’ Pay Hike

Business and professional groups on Wednesday endorsed the proposal of fiscal and education authorities for moderated adjustments in the pay of public school teachers. “We believe that better education is a top national priority. We recognize, appreciate, and value public school teachers as central to this goal, aside from being important leaders of our communities, […].....»»

Source: Metrocebu MetrocebuCategory: NewsJun 20th, 2019Related News

Briones: I am not against salary increase for public school teachers

MANILA, Philippines – After being criticized  for her position on teachers’ salary increases, Education Secretary Leonor Briones clarified that she fully supported plans to raise their pay . However, she said there must be a careful assessment of the hike’s fiscal impact.  In a statement on ........»»

Source: Rappler RapplerCategory: NewsJun 7th, 2019Related News

Duterte extends mandate of tourism regulator to grant fiscal incentives

PRESIDENT Rodrigo R. Duterte has extended the authority of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) to grant incentives to tourism enterprises until Dec. 31, 2029......»»

Source: Bworldonline BworldonlineCategory: FinanceMay 28th, 2019Related News

Emerging Asia growth to remain weaker this year, says think tank

Growth in Emerging Asia is expected to remain weak of the rest of the year as looser fiscal and monetary policy are unlikely to offset the drag from weaker global demand, Capital Economics said......»»

Source: Philstar PhilstarCategory: FinanceMay 27th, 2019Related News

DOJ junks murder rap vs cops linked to QC fiscal s slay

“Mere speculations and probabilities cannot substitute for proof required to establish the guilt of an accused beyond reasonable doubt,” the resolution read......»»

Source: Philstar PhilstarCategory: NewsMay 27th, 2019Related News

Gov’t swings to surplus in April as spending slows on 2019 budget delay

UNDERSPENDING due to the delayed passage of the 2019 national budget caused the government’s fiscal position to swing to a surplus in April, the Bureau of the Treasury (BTr) reported on Friday......»»

Source: Bworldonline BworldonlineCategory: NewsMay 24th, 2019Related News

MIAA remittance up 50% in 2018

The Manila International Airport Authority (MIAA) saw a solid fiscal performance last year as it remitted a record P3.42 billion in dividends to the national government. In a statement on…READ The post MIAA remittance up 50% in 2018 appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsMay 21st, 2019Related News

MIAA records its ‘highest’ remittance to national coffers at P3.42B in 2018

THE Manila International Airport Authority (MIAA) has remitted P3.42 billion in dividends to the national government following its “record-breaking” fiscal performance in 2018, the MIAA said on Tuesday. “Last year’s…READ The post MIAA records its ‘highest’ remittance to national coffers at P3.42B in 2018 appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsMay 21st, 2019Related News

BTr to recalibrate borrowing program

The Bureau of the Treasury (BTr) is planning to recalibrate its borrowing program for this year, including the planned samurai bond issuance, as it assesses the national government’s fiscal position and spending outlook now that the 2019 budget has been signed......»»

Source: Philstar PhilstarCategory: FinanceMay 21st, 2019Related News

DBM hikes LGU revenue allotment to P649 B for 2020

Local government units (LGUs) are set to receive P648.92 billion in internal revenue allotments (IRA) for fiscal year (FY) 2020, according to the Department of Budget and Management......»»

Source: Philstar PhilstarCategory: FinanceMay 21st, 2019Related News

PPA remits record P9.41-B in dividends, taxes for 2018

THE PHILIPPINE PORTS Authority (PPA) continues its strong fiscal performance, as it remitted P3.51 billion in dividends to the national […].....»»

Source: Mindanaoexaminer MindanaoexaminerCategory: NewsMay 19th, 2019Related News