Both Chambers of Congress are on the verge of giving up on passing a joint resolution that will allow the President to address an electricity shortage expected to take place from March to July in Luzon.
I havenot done a retro diary in over a year. So, I figured, with the European Chamber of Commerce of the Philippines (ECCP) and the European Union (EU) holding its joint Network and Opportunities event during the middle of last week at the InterContinental Manila, this was the perfect time to bring it back.
A proposal to cut the individual income tax rate to 25 percent from the present 32 percent is unlikely to happen before the end of the Aquino administration but a re-bracketing of the tax rates is doable, according to Sen. Sonny Angara.
Malacañang said yesterday efforts to decongest the ports were progressing and that importers and forwarders were now being urged to reduce trucking rates back to where they were prior to the congestion.
“Senator (Juan Edgardo) Angara has reiterated today that the incentives will not be part of the budget and will only be an addendum. The way it was explained to the business community, it is more for statistical purposes and not for approval purposes,†he said.
A consortium of six high-profile organizations believes the country’s sugar industry can become more globally competitive if it can be energy-efficient.
A consortium of six high-profile organizations believes the country’s sugar industry can become more globally competitive if it becomes more energy efficient.
Foreign investors have expressed concern that the limited time left for the Aquino administration will not be enough to see the passage of legislations that seek to improve the economy and the way people are doing business in the Philippines.
Senator Juan Edgardo “Sonny†Angara, chair of the Senate committee on ways and means, said that fiscal incentives granted to export-oriented enterprises should be maintained but there must be a sunset clause to incentives granted to prospective investors.
The reduction of income tax rates for both individual and corporate taxpayers will not be achieved within the term of President Benigno S. C. Aquino III, Senator Juan Edgardo M. Angara said on Tuesday, citing pleas from some agencies to go slow on tax cuts.
As member countries of the Association of Southeast Asian Nations (Asean) implement regional economic integration within the year, Cebu exporters are highly encouraged to continue tapping the domestic market, says international furniture designer Kenneth Cobonpue.
Carrying on its intention to become one of aeronautical sector’s references in the Philippines and Asia, PhilJets Group has just joined the prestigious aviation association, based in China: ASBAA, the Asian Business Aviation Association.
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