PH eyes possible bilateral free trade deal with US

MANILA, Philippines —The Philippines aims to further enhance its access to the United States — now, through a possible bilateral free trade agreement (FTA) with the world’s biggest economy. Trade Undersecretary Ceferino Rodolfo told reporters that the Department of Trade and Industry (DTI) is doing a study for a possible FTA with the US, looking …

BIR eyes electronic tax filing nationwide

  MANILA, Philippines— Electronic tax filing and other computerized processing of data with the Bureau of Internal Revenue (BIR) is targeted to be implemented nationwide before the end of 2017. Bureau of Internal Revenue (BIR) Deputy Commissioner for Operations Nestor Valeroso told Senators Thursday that electronic tax filing was piloted in Makati City and the …

Solaire loses 40 bookings after Resorts World incident

MANILA, Philippines— Bloomberry Resorts Corp.’s Solaire Resort and Casino, had experienced cancellation of 40 bookings following the shooting and fire incident in its neighboring casino Resorts World Manila last week. On the sidelines of the company’s stockholders meeting Thursday, Bloomberry Chairman Enrique Razon said the 40 booking cancellations were both from individual and junket bookings. …

DTI announces areas under price control in Mindanao, warns vs profiteering

MANILA, Philippines — The Department of Trade and Industry (DTI) is informing all consumers and retailers that prices of basic necessities in an area proclaimed or declared under martial law shall be automatically frozen at their prevailing prices or placed under automatic price control. DTI said the price control is pursuant to Section 6 of …

PHL exports grow 18.3 % in Q1 ’17

MANILA — Merchandise trade grew 22.7 percent in March backed by double-digit growth of imports and exports, bolstering hope the Philippines will be the fastest-growing economy among the ASEAN-5 this year. “This could be anchored on recovering external demand and strong domestic consumption and investment activities,” said National Economic and Development Authority (NEDA) Officer-in-Charge and …

Inter-island Bridges to link Cebu, Bohol, Negros done during Duterte’s term-DPWH

DAVAO CITY– Bridges linking Cebu and Bohol, Cebu and Negros will rise before the term of President Rodrigo Duterte ends in 2022. Secretary Mark Villar of the Department of Public Works and Highways (DPWH) said the proposed 20-kilometer long Cebu-Bohol bridge is very feasible because of low seawater areas for bridge alignment. Based on the …

Poorest regions take Billions infra projects

MANILA, Philippines — A total of P157.44 billion has been allotted to regions which has been left out during the previous administrations. Socioeconomic Planning Secretary and NEDA director general Ernesto Pernia said thousands of infrastructure projects will spread all throughout the country’s poorest region under the reinstated Three-Year Rolling Infrastructure Plan (TRIP) for 2018 to …