Economic zone authority eyes ‘special wage package’

23 November, 2016 at 16:42

The Philippine Economic Zone Authority (PEZA) hopes to offer cheaper wages to investors in areas under its jurisdiction, offsetting lower pay with housing and education benefits…

Cheapest Labor Since Tsars Ruled Russia a...

18 November, 2016 at 17:30

Made in Russia and coming soon to a store shelf near you: washing machines, chewing gum and possibly much else.

VAT exemption leakage costs gov’t P105B a...

3 November, 2016 at 15:55

About P50 billion is attributed to corporate tax holidays, another P50 billion from tax incentives given to large firms, and while P5 billion is accounted for by senior citizen VAT exemptions.

BPO sector sees revenue of $38.9 billion...

2 November, 2016 at 12:00

The Information Technology and Business Processing Association of the Philippines (IBPAP) expects the industry to grow in the next six years…

Win-win plan vs ‘endo’ nears

17 October, 2016 at 12:50

Win-win plan vs ‘endo’ nears

By Richmond Mercurio (The Philippine Star) | Updated October 17, 2016 – 12:00am

Following a meeting with the Department of Labor and Employment (DOLE) and stakeholders last week, Trade Secretary Ramon Lopez said a “merging of the best points” among all concerned parties are likely to be made through a joint resolution soon.

MANILA, Philippines – The government, the private sector and labor groups are nearing the finish line in terms of coming up with a win-win solution that will address contractualization concerns…

Peza locators seek to be placated as...

4 October, 2016 at 10:25

More investors are raising concerns about what they perceive as a growing instability under the Duterte administration, which they believe may erode the country’s attractiveness as an investment destination and derail the gains achieved over the past several years.

Philippines falls 10 notches in competitiveness list

28 September, 2016 at 16:30

The Philippines has fallen behind in the annual competitiveness ranking of the World Economic Forum, marking its first step back in a decade.

DOF files tax reform package, seeks reduction...

28 September, 2016 at 14:30

The Department of Finance (DOF) on Monday submitted to the Lower House bills comprising the first package of its proposed tax policy reform program, which will slash personal income tax rates but raise excise rates slapped on oil products as well as vehicles.

Not much change — yet

28 September, 2016 at 12:30

It will shortly be a hundred days since President Duterte has taken office and I’ve been asked by the World Bank, the press, and other institutions about my evaluation of the administration’s economic policy so far.

Trade chief bucks P125 wage hike proposal

20 September, 2016 at 15:30

Trade Secretary Ramon Lopez warned Friday that implementing the proposed P125 across-the-board wage increase might only drag down local economic growth and bloat inflation and unemployment figures—much to the disadvantage of Filipino workers.

‘Win-win’ solution found to end ‘endo’

20 September, 2016 at 11:00

Trade and labor officials, business leaders and lawmakers have come up with what they deemed a “win-win situation” to end the unfair and abusive practices under labor contractualization and the highly controversial end-of-contract or “endo” scheme.

LEDAC to meet regularly to ensure passage...

16 September, 2016 at 17:00

Malacañang will meet regularly with lawmakers to fast-track the passage of the priority bills of the Duterte administration, an official said on Thursday.

A tax policy reform program for truly...

14 September, 2016 at 18:00

Finance Secretary Carlos Dominguez III and his team seized early the momentum of a new administration with record public support and a strong Congress majority to push for a comprehensive tax reform program.

Executive warned vs uniform floor wage

14 September, 2016 at 14:00

Business Leaders and a central bank official cautioned the Executive branch on its plan to replace the existing region-based minimum wage system with one that sets a nationwide floor pay for private sector workers, saying the latter will discourage investors and risks spiking inflation beyond target besides…