Tobacco industry backs pause in excise tax hike to deter smuggling
PHILIPPINE STAR/ MIGUEL DE GUZMANTHE Philippine Tobacco Institute (PTI) said on Thursday that a pause in raising excise taxes on tobacco could steer consumers away from smuggled cigarettes and stabilize prices of legitimate products.“By pausing the annual excise tax increases,
Tax exemption on ABS transfers takes effect
BW FILE PHOTO THE Bureau of Internal Revenue (BIR) said a tax exemption on secondary trade and transfers of asset-backed securities (ABS) has taken effect.“The sale or transfer of assets to the SPE (Special Purpose Entity), including sale or transfer of
ICTSI’s P2.35-B Iloilo port project registered with BoI
ICTSITHE Board of Investments (BoI) said it approved a P2.35-billion project of the International Container Terminal Services, Inc. (ICTSI) to modernize, manage, and operate the Visayan Container Terminal in Iloilo.In a statement on Thursday, the BoI said that it awarded
Corn production to be disrupted by rains
DA.GOV.PHBAD WEATHER is expected to disrupt corn production this year after rains forced some farmers to alter their planting schedules, according to the Philippine Maize Federation, Inc. (PhilMaize).“Bad weather, typhoons, and heavy rains caused delays in planting in some areas.
Camp John Hay Golf Club members withdraw complaint against BCDA
CAMP JOHN HAY GOLF CLUB FACEBOOKTHE Bases Conversion and Development Authority (BCDA) said members of Camp John Hay Golf Club withdrew their complaint against the state-owned corporation.“A group of Camp John Hay Golf Club members moved to withdraw their case