Archive for the ‘Taxation’ Category

WORLD BANK SAYS RED TAPE IS HOLDING THE PHILIPPINES BACK

Thursday, September 11th, 2008

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has advised the Philippines to speed up the completion of reforms intended to make its environment more conducive to business. The recommendation came following the release of its survey results on "Doing Business 2009" indicating Philippine overall ...

Government to cut NFA subsidy

Tuesday, September 9th, 2008

The government is inclined to slash the subsidies given to the National Food Authority (NFA) and instead increase the subsidies given to other sectors. Finance Undersecretary Jeremias Paul Jr. said the department agreed with Socioeconomic Planning Secretary Ralph Recto to cut the subsidies given to the NFA so the government could ...