Developers back amendments to BCDA Act
OJ SERRANO-UNSPLASHTHE Bases Conversion and Development Authority (BCDA) on Tuesday said real estate developers have submitted letters of support to amend the BCDA Act of 1992.In a statement, the BCDA said that Filinvest Land, Inc. (FLI), Ayala Corp., Megaworld Corp.,
ADB considers PHL tax collection performance to be ‘below potential’
THE tax collection performance of the Philippines is below potential, the Asian Development Bank (ADB) said, pointing to the need for a review of tax policy.In a paper, “Digital Transformation of Multilevel Tax Policies and Administration for Resilience and Sustainable
DENR to offer 18 Cavite dams for auction by Jan.
THE Department of Environment and Natural Resources (DENR) said that it is planning to offer for auction to the private sector 18 Cavite dams by early 2025. “Now we’re preparing the documents for the bidders, the parameters of the bid, etc.,” DENR
UAE’s Masdar, DP World evaluating possible investments in Philippines
TWO United Arab Emirates (UAE) companies, a renewable energy (RE) developer and a port operator, are looking to invest in the Philippines, according to the Department of Trade and Industry. In an online briefing on Monday, Acting Trade Secretary Cristina A.
Philippine rice inventory up by 6.8%
PHILIPPINE STAR/ MICHAEL VARCASTHE national rice inventory rose 6.8% year on year to 1.66 million metric tons (MMT), the Philippine Statistics Authority (PSA) reported, citing preliminary data as of Sept. 1.The national inventory consisted of 63.3% held by commercial traders,
Majority of Britons back increased tax on online gambling as calls for reform grow ahead of Autumn Budget
New polling suggests that over half of Britons (52%) support increasing taxes on online gambling, with many prioritising a hike in gambling duties over other taxes such as income tax, VAT, and fuel duties. This comes as the Social Market Foundation
Ex-Google chief warns red tape is stifling UK growth
Eric Schmidt, former chief executive of Google, has warned that excessive regulation and bureaucracy are holding back the UK’s economic growth and progress towards its net zero goals. Speaking at Sir Keir Starmer’s investment summit, Schmidt suggested the UK government would
Vauxhall owner to decide future of UK factories as net zero row escalates
Stellantis, the parent company of Vauxhall, Fiat, Citroen, and Peugeot, is set to decide the fate of its UK factories within weeks amid ongoing disagreements with the Government over electric vehicle (EV) sales targets. In June, Stellantis warned it may need
Businesses losing trust in HMRC as service standards decline
Businesses in the UK are increasingly frustrated with HM Revenue & Customs (HMRC) as service standards continue to fall, according to a recent survey. For the first time, a majority of over 10,000 respondents, surveyed by HMRC’s Administrative Burdens Advisory Board
From Luzon to Mindanao: Puregold CinePanalo unveils 25 Top Student Finalists
The complete lineup for the upcoming 2025 Puregold CinePanalo has now been finalized, with the announcement of the 25 student films to be showcased at the festival under the short film category. The promising young filmmakers will each receive a