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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

316 articles from BusinessWorld Economy

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BusinessWorld Economy

Fish import quota of 250,000 MT coming into force in 4th quarter

AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said that the Department of Agriculture (DA) will enforce the 250,000-metric ton (MT) quota on fish imports at the end of the fishing season in the fourth quarter. The import restrictions were originally due to kick off on Aug. 1, but Mr. Laurel told reporters that it was […]

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BusinessWorld Economy

SLEX Toll Road 4 seen partially operational by Dec.

THE Department of Transportation (DoTr) said the P58.42-billion South Luzon Expressway Toll Road 4 (SLEX TR4) is set to start partial operations by December. In a statement on Wednesday, Transportation Acting Secretary Giovanni Z. Lopez said the construction of the project is on track, with packages A and C expected to be open before the […]

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BusinessWorld Economy

Gov’t trying to fix jurisdiction overlaps in marine resource management — DEPDev

THE GOVERNMENT is seeking to resolve overlapping jurisdictions in the management of marine resources, the Department of Economy, Planning, and Development (DEPDev) said. The unified Philippine Blue Economy Framework will align agency mandates, jurisdictions, and initiatives, Economy Undersecretary for Legislative Affairs Glenda R. Rumohr said. “The harder part is that we’ve each been stewarding pieces […]

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BusinessWorld Economy

Chasing a refund, finding an exemption

As tax practitioners, we are quite used to encountering transactions with non-resident foreign corporations (NRFCs). We regularly assist corporate clients, both foreign and local, in securing tax rulings or treaty relief confirmations from the Bureau of Internal Revenue (BIR) to avail of tax exemptions or preferential tax rates under the National Internal Revenue Code, as […]

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