THE PHILIPPINES and Vietnam could be the top gainers in terms of real gross domestic product (GDP) growth under a new 15-country Asia-Pacific trade deal, mainly due to lower trade costs, according to a preliminary analysis from the Philippine Institute for Development Studies (PIDS). The benefit to both countries was quantified as a 2.14% gain in real GDP for Vietnam ...

A SENIOR LEGISLATOR proposed Wednesday to tax the inefficient use of land, including golf courses and low-density subdivisions. Albay Rep. Jose Maria Clemente S. Salceda, chairman of the House Ways and Means Committee, was responding to a proposal for a wealth tax on individuals with taxable assets exceeding P1 billion. "The best way to tax wealth is to tax the ...

PHILIPPINE STAR/ MIGUEL DE GUZMAN A BILL which makes explicit the eligibility of private schools for tax relief during the pandemic has passed in the Senate on second reading. Senator Pilar Juliana S. Cayetano, who chairs the Senate Committee on Ways and Means, on Tuesday sponsored Senate Bill No. 2407, as reported out from committee with some minor modifications. The ...

THE Philippine Ports Authority has started soliciting bids for a port terminal management contract in Negros Occidental. The contract is for the port of Pulupandan in Negros Occidental. "The concession period will be for a period of 15 years," the agency said in its bid invitation. The project consists of ancillary and other related services, stevedoring services, bagging services, RORO ...

PHILIPPINE STAR/ MICHAEL VARCAS WHOLESALE PRICES of construction materials in Metro Manila rose 4.3% in August, the highest rate in 31 months, the Philippine Statistics Authority (PSA) said Wednesday. Preliminary PSA data indicated that the rise in the August construction materials wholesale price index (CMWPI) accelerated from 2.3% in July and 1% a year earlier. The 4.3% result was the ...

PHILSTAR VOLUMES unloaded at fish ports rose 5.85% week on week to 10,065.42 metric tons (MT) in the week to Sept. 12, despite recent typhoons, the Philippine Fisheries Development Authority (PFDA) said. The PFDA said in a report that volume gains were led by the General Santos Fish Port Complex, which posted a week-on-week increase of 17.27% to 6,248.74 MT, ...

THE ENERGY Regulatory Commission (ERC) has directed the Philippine Electricity Market Corp. (PEMC) to suspend the collection of congestion charges and other fees triggered by an outage at a high-voltage submarine cable connecting Cebu and Negros. "The Commission is of the view that the congestion and other charges that are attributable to the damage of the Cebu-Negros Submarine Cable, which ...

REUTERS THE GOVERNMENT needs to review its pork import policy due to the dampening effect imports have had on farmgate prices and amid increasing production costs, the pork industry said. Rolando E. Tambago, Pork Producers Federation of the Philippines, Inc. president, said by phone that growers are facing dual pressures from the low price of live hogs and higher feed ...

The lingering pandemic has spurred governments across the globe to continue expanding the money supply, ostensibly to keep interest and borrowing costs low for businesses and support faltering economies. However, too much money circulating in a depressed economy has the unwanted consequence of inflation. To combat inflation and preserve wealth, investors can purchase income-generating assets such as real estate, but ...

THE MERALCO Bolts officially claimed the second seed in the playoffs of the PBA Philippine Cup after defeating the NLEX Road Warriors, 104-101, in league action on Wednesday. -- PBA IMAGES By Michael Angelo S. Murillo, Senior Reporter THE Meralco Bolts officially claimed the second seed in the playoffs of the Philippine Basketball Association (PBA) Philippine Cup after defeating the ...

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