House panel OKs VAT for online goods, services
MANILA, Philippines — Netflix and Spotify subscribers as well as Amazon, Lazada and Shopee customers may soon have to pay more for these digital platforms’ products and services should the…
House panel OKs bill imposing VAT on digital transactions in PH
MANILA, Philippines — The substitute bill seeking to impose value-added tax (VAT) on digital transactions in the Philippines was approved Wednesday by the House committee on ways and means. During…
PSE oks PH’s first REIT listing
The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P15.1 billion planned by property giant Ayala Land-sponsored AREIT Inc., which will be the first…
SEC oks first REIT listing
ALI top brassL-R top to bottom: ALI vice-chair Jaime Augusto Zobel de Ayala, chair Fernando Zobel de Ayala, president Bernard Vincent Dy, chief financial officer Augusto Bengzon at the ALI…
ADB OKs $26.5M loan to plug leaks in local property tax take
MANILA, Philippines — The Asian Development Bank (ADB) has greenlighted a $26.5-million loan (over P1.3 billion) so local governments in the Philippines can assess property taxes digitally. “The Local Governance…
Neda Board OKs Customs modernization
The National Economic and Development Authority (Neda) Board chaired by the President has given its go-ahead to modernize and automate processes at the Bureau of Customs (BOC). Socioeconomic Planning Undersecretary…
Thailand OKs whopping 90% reduction in land, building tax for 2020
The Nation/Asia News Network BANGKOK — Thailand’s Cabinet has approved a 90 percent reduction in land and building taxes for the year 2020 and a two-month postponement in the deadline…
China-led lender OKs $750M loan to PH for COVID-19 response
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven…
ADB OKs $400-million loan to boost PH capital markets
The Asian Development Bank (ADB) on Tuesday (May 26) approved a $400-million loan to further develop the Philippines’ capital markets. In a statement, the Manila-based multilateral lender said the Support…
SEC oks new rules empowering minority shareholders
SEC chair Emilio Aquino The Securities and Exchange Commission (SEC) has approved new rules allowing minority shareholders of publicly listed companies to put items on the agenda during any regular…