Business Cost News
House OKs ‘Trabaho’ bill on 3rd, final...
11 September, 2018 at 11:19
The House of Representatives (HOR) approved on third and final reading on Monday House Bill 8083, or the Tax Reform for Attracting Better and High-quality Opportunities or “Trabaho” bill.
Nestle backtracks on threat to close Philippine...
10 September, 2018 at 13:53
A public backlash forced Nestle on Friday to retreat from its threat to close a Philippine factory unless it received tax incentives for sourcing raw materials locally.
Tax amnesty bill up for plenary approval
6 September, 2018 at 16:21
The House committee on ways and means on Tuesday passed and submitted for plenary approval the substitute bill paving the way for the much-anticipated general tax amnesty being planned for next year.
Nestle threatens to close Philippine plant unless...
6 September, 2018 at 14:43
Nestle said it could shut down its coffee processing plant in the Philippines unless it receives tax incentives from the government.
Tax reforms gain ground in House
5 September, 2018 at 11:31
Two tax reforms — one that cuts the corporate income tax rate and removes redundant fiscal incentives, and another that provides for a general amnesty — were approved at different levels in the House of Representatives on Tuesday.
DPWH to tap 4,000 engineers for massive...
3 September, 2018 at 11:37
The Department of Public Works and Highways (DPWH) is employing some 4,000 engineers to boost the implementation of infrastructure projects under the Duterte administration’s “Build, Build, Build” (BBB) program.
China loans to be signed in PH
30 August, 2018 at 15:41
At least 10 loan agreements for infrastructure projects will be signed when Chinese President Xi Jinping visits the Philippines in November, Budget Secretary Benjamin E. Diokno said Wednesday.
Japanese firms seek tax perk extension to...
30 August, 2018 at 12:31
Japanese firms say the transition period towards rationalized tax incentives is too short, which will leave them struggling under a business climate seen as “one of the worst in Asia Pacific.”
‘Trabaho’ worries US firms in PH
29 August, 2018 at 14:12
‘Trabaho’ worries US firms in PH By: Roy Stephen C. Canivel | Philippine Daily Inquirer / 12:18 AM August 29, 2018 More than half
DOF chief sees ‘uphill climb’ for legislative...
29 August, 2018 at 12:56
The Department of Finance (DOF) is confident that the remaining packages of the Comprehensive Tax Reform Program (CTRP) will be passed into law this year despite the holding of the midterm polls in 2019.
TRAIN 2 causing uncertainty among investors —...
29 August, 2018 at 11:40
The proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN 2) law creates uncertainty for existing and new investors as the measure is likely to lead to large scale revenue reduction and job losses…
PCCI head airs economic concern over federalism...
29 August, 2018 at 10:06
The head of the Philippine Chamber of Commerce and Industries (PCCI) has urged the government to keep its eyes on the pressing issues of the economy amid uncertainties on the proposed shift to a federal form of government.
Gov’t to proceed with multi-airport plan
28 August, 2018 at 16:00
The Department of Transportation (DOTr) reiterated its commitment to pursue a so-called multi-airport strategy for Metro Manila and nearby areas in the wake of the recent Xiamen Air incident…
[OPINION] Q2 Growth: Old or New Normal?
28 August, 2018 at 13:00
The one bright spot for the Philippines in the second half of the 21st century is its growth.
