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Thursday, April 03, 2008 |
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Lawmakers move to clip agency’s review power
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Finance dept to
extend tax
amnesty program until May
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By Chino S. Leyco, Reporter
DUE to a technical glitch, the
Department of Finance has decided
to extend the Bureau of Internal Revenue’s (BIR) tax amnesty
program until next month, thus allowing the agency to meet its
collection target under the law.
In an order, Finance Secretary
Margarito Teves said the last day for availing of the benefits under
the Tax Amnesty Act of 2007 or Republic Act 9480 would be on May 5
this year, and not the original deadline of March 6.
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Ayala Land takes a
hit from US woes
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WITH the US slowdown, the Philippines’ biggest real
estate developer said it is shifting its focus to the middle-income
segment while strengthening its marketing efforts in the Middle East
and Europe.
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ADB keeps
Philippine growth forecast
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THE Asian Development Bank (ADB) on Wednesday kept
its economic growth forecast for the Philippines this year on the
back of rising fuel prices and weak external demand.
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Local
share prices surge on gains in Wall Street
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LOCAL share prices closed higher Wednesday, its
biggest single-day gain in 10 weeks, on the back of an overnight
rally on Wall Street, dealers said.
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Govt secures more
ODA
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THE government has secured more official development
assistance (ODA) from foreign donors, with the Asian Development
Bank (ADB) approving a higher loan assistance to the Philippines
this year to fund agrarian,...
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Vista Land profit
jumped last year on low-income business
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THE holding firm of the Villar group announced on
Wednesday that its consolidated profit more than doubled last year,
driven by the sales growth of its “affordable” or low-income
segment.
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SM Prime to build
mall on GSIS property outside UP campus
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THE country’s largest mall developer and operator
has secured a property
deal that would allow it to put up a shopping mall just outside the
sprawling University of the Philippines (UP) campus in Diliman,
Quezon City.
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Campi bucks plan
to limit tax perks to CKD assemblers
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THE Chamber of Automotive Manufacturers of the
Philippines (Campi) has bucked the Board of Investments’ decision
to limit fiscal incentives and other perks only to assemblers that
will pour in money for parts and components.
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Women’s Business
Council wants more govt lending funds
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Non-government Women’s Business Council (WBC) on
Wednesday appealed before the government to expand the lending
windows for female entrepreneurs through government financial
institutions.
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Alliance Global,
Genting unit to build in-city resort
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ALLIANCE Global Group Inc. (AGI) announced on
Wednesday it is set to
partner with an affiliate of the Genting Group, a Malaysian
conglomerate, to develop an integrated leisure and resort project
called the Bagong Nayong Pilipino Manila Bay Integrated City at the
reclamation area.
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Globe sets
multimillion-dollar capex to expand 3G
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GLOBE Telecom Inc. said it has set aside millions of
dollars to fund expansion of its 3G (third generation) technology
service this year.
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BIZZ FIZZ
By Rene Martel
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President Arroyo
spreads glad tidings in HK
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WHEN the going gets tough, the tough get going—and
President Gloria Arroyo was living that adage to the full in Hong
Kong when she addressed the 11th Credit Suisse Asian Investment
Conference.
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