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BusinessWorld Third of four parts Republic Act No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), is said to be the first-ever revenue-eroding tax reform package. The largest economic stimulus program in the country’s history, it provides major amendments to our tax and incentives laws with the goal of helping businesses move into post-pandemic recovery while encouraging foreign investments into the country. The law took effect on April 11, 2021. The first and second parts of this four-part article discussed the passage and goals...

MANILA, March 11 — The Bureau of Customs (BOC) is continuing its inventory of seized mobile phones and computers in various ports across the country to supplement the earlier donation it made to the Department of Education (DepEd) in support of its blended or distance learning program amid...

SunStar + March 10, 2021 EVEN poor countries like Bangladesh have railway systems. Us, none. There was before but presidents after presidents kept "dropping" the ball. The Bicolanos had the Bicol express. The seniors will remember. From Tutuban in Manila people can take the train up to Damortis in La Union. It made several stops. In Malolos, San Fernando and then in Angeles. And from Angeles, my parents and me in tow will take us to its last stop in Damortis. From there a Baguio Auto Lines (BAL) bus will snake into the Kennon road. Baguio City deserved then its monicker: The City...

SunStar + March 01, 2021 LAST week, I had dinner at Kang Kang Sullai, a very chic and expensive Korean restaurant at the back of Midori Casino inside Clark Freeport. It celebrated its third anniversary and I expected it must be filled with people, or at least half of its capacity following health protocols. But lo and behold there were hardly any customers when I arrived at around six in the evening. A year ago before the pandemic, at the particular time of the evening, even before the sun will set, almost all seats including the resto's function rooms were already teeming with d...

MANILA (Philippine Daily Inquirer/ANN): Amid the prolonged Covid-19 pandemic which caused business uncertainty and a recession, foreign investors’ commitments to set up shop in the Philippines fell 71 percent to P112.1 billion in 2020. The foreign pledges approved by seven investment promotion agencies (IPAs) last year dropped from the record-high P390.1 billion, based on the Philippine Statistics Authority (PSA) data released on Wednesday (Feb 24). PSA data showed the total foreign investment approvals in 2020 was the lowest in three years, or since the P105.7 billion in 2017. The seven IP...