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Tuesday, February 26, 2008 |
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BOI trims list of
investors
qualified for tax holidays
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By Katrina Mennen A. Valdez, Reporter
IN ITS bid to raise revenues, the
government has trimmed the number of investment projects qualified
to enjoy tax and other perks this year, according to the Board of
Investments (BOI).
Trade Undersecretary Elmer C.
Hernandez, who is also BOI managing head, told reporters the agency
has identified only six preferred sectors for this year’s
Investment Priorities Plan (IPP), down from the 11 sectors in the
2007 list.
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Finance endorses
minimum wage-earner tax perks
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THE Department of Finance has endorsed a legislative
bill seeking to exempt minimum wage earners from the payment of
annual income taxes.
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Oil at around $100
in Asian trade
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SINGAPORE: World oil prices rose to near $100 per
barrel in Asian trade on Monday, as Turkey’s offensive in northern
Iraq and reports Iran would back an OPEC output cut sparked fresh
worries, dealers said.
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BSP:
Strong peso more beneficial for economy
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THE Bangko Sentral ng Pilipinas (BSP) has expressed
partiality for a strong peso against the dollar, citing the
beneficial effects this has on the overall economy.
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Govt may cut
tariff on pan-de-sal ingredient
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THE Department of Finance is likely to recommend a
cut in duties on imported flour amid the high price of the commodity
in the world market.
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Telcos buck new
access-code fees
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TELECOM companies have opposed the plan of the
National Telecommunications Commission to impose fees on telephone
access and exchange codes, saying the proposed charges are
“exorbitant.”
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Basic Energy may
settle for borrowings
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BASIC Energy Corp. said it is eyeing other means of
raising funds, including borrowing money through the sale of bonds
or IOUs, in light of the prevailing volatility in the stock market.
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Operator reports
progress in Visayas electricity mart
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The Philippine Electricity Market Corp. (PEMC) has
completed the technical preparations for the Wholesale Electricity
Spot Market’s Visayas leg, and is now awaiting the Department of
Energy’s go-signal to kick off its operations.
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Entertainment
company to buy online gaming firm
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Premiere Entertainment Productions Inc. will buy an
online gaming firm through a share swap agreement that will merge
the firm’s entertainment expertise with Internet casino gaming...
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BIZZ FIZZ
By Rene Martel
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It’s the
economy, stupid!
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AMID all the wavering hot air being generated by the
political sound and fury—spurred on by a lachrymal figure whose
tear ducts appear to get activated by flashing cameras—one firm
consistent remains.
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