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State-run Government Service Insurance System (GSIS) is planning to invest $800 million overseas to diversify its investments and take advantage of good returns.

The Bureau of Internal Revenue (BIR) expects to generate P52.13 billion in additional revenue this year from the collection of 2018.

The Philippine stock market posted gains in early trade along with the rise in Asian stocks but eventually pulled back by the close of trading.


California is apparently Ground Zero of a flu epidemic that has been filling up hospital emergency rooms over the past two weeks.

In connection with the hearings being conducted by the Senate Committee on Constitutional Amendments and Revision of Codes, I have been asked for my views on the proposed amendments to the 1987 Constitution.

A few days after President Duterte signed the first tax reform package into law, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 105-2017 to prescribe the withholding tax rates on compensation that shall apply beginning Jan. 1.

Just recently, Philippine Telegraph & Telephone Corp (PT&T) revealed that it is in an advanced stage of partnership discussions with a South Korean telecommunications company.

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Davao-based businessman Dennis Uy is going into bitumen production in line with expanding the product portfolio of Phoenix Petroleum Philippines Inc.

The second package of the Duterte administration’s Comprehensive Tax Reform Program that seeks to attract more investors by reducing corporate income tax rates, among others, has entered the legislative.

Remittances from overseas Filipino workers continued to grow in November last year, bringing the 11-month tally 5.1 percent higher at $28.24 billion from the year-ago level of $26.88 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

The Philippines has managed to stay out of the US list of “notorious markets” for piracy and trademark counterfeiting for the sixth straight year.

The Board of Investments (BOI) said it expects approved investment pledges to further soar to P680 billion this year following a record high P617 billion in 2017.

Security was a major concern for foreign investors in the Philippines last year, with Korean businessmen getting particularly worried, thus resulting in a big drop in their investment pledges.

Market investors continue to be in the market but with guarded optimism ahead of the 2017 corporate income results, as well as the full year economic performance of the country, analysts said.

The Department of Finance (DOF) said employees of regional operating headquarters (ROHQ) would no longer enjoy special tax rates on their gross income under the new tax reform law.

Integrated property firm SM Prime Holdings Inc. plans to raise as much as  P20 billion from the offering of retail bonds.

State corporations remitted P30.45 billion in dividends to the national government in 2017, up 9.8 percent from the P27.73 billion recorded in 2016, according to the Department of Finance.


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