Trade deficit seen widening as low tariffs spur imports
REUTERSBy Beatriz Marie D. Cruz, ReporterIMPORT GROWTH driven by lower tariffs runs the risk of widening the Philippine trade deficit, putting into focus the urgency of growing exports, analysts said.“The government has reduced tariffs on many products with the objective
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.