The Department of Finance (DOF) is reviewing the Bureau of Internal Revenue’s (BIR) regulation, technically deferring the imposition of the value-added tax (VAT) on exporters’ purchases from local suppliers and indirect/constructive export transactions. Finance Secretary Carlos G. Dominguez III...
The Philippines' status as the world's second top exporter of Cavendish banana is still threatened by the continuous infestation of Panama disease, now considered one of the most destructive plant diseases globally. Pilipino Banana Growers and Exporters Association (PBGEA) Chairman Alberto Bacani...
Twenty industry associations on Tuesday, ( July 13) issued an urgent call on government to repeal Bureau of Internal Revenue Regulation 9-2021 that implements 12 percent value added tax (VAT) on exporters’ domestic purchases and indirect exports as this further erodes the competitiveness of the...
On worsening supply chain, logistics constraints Exporters are seeking “very urgent” government assistance to cope with worsening supply chain and logistics constraints, including lack of vessel space, soaring freight rates and container shortage, resulting in shipment delays and huge...
Philippine exporters are advised to consider the - Green Deal - principle in the 27-EU member countries as this new trend will affect buying preference. Commercial Counsellor Benedict Uy of the Philippine Embassy in Belgium & Permanent Mission to the European Union during a virtual...
Foreign business chambers and exporters groups have urged for the passage of other economic bills pending in Congress to complete the new Republic Act 11534, the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which they said is one of the most important fiscal bills enacted in...
The central bank will no longer limit its rediscounting facility through a budget and instead adopted an “open regime” principle as a monetary policy tool to infuse liquidity to a pandemic-hit market. The Bangko Sentral ng Pilipinas (BSP) used to have a specific budget for its Peso Rediscount...
The country’s exports increased in September this year, the first monthly growth in seven months, data from the Philippine Statistics Authority (PSA) showed. As the country’s economy gradually reopened, sales from export during month returned to growth for the first time since February, a month...
Exporters and labor groups yesterday scored the Duterte administration on the way they’re handling the Generalized System of Preferences (GSP) Plus issue with the EU stressing the offensive statements will not do the country good especially to roughly 600,000 workers who will be affected if the...
