<?xml encoding=”utf-8″ ?????????> In his budget statement today, Chancellor Jeremy Hunt confirmed that inflation is forecast to decrease significantly, dropping below the target rate of 2 per cent in the coming months. Revised forecasts from the independent fiscal watchdog, the Office for Budget Responsibility (OBR), suggest that the economy will […]
UK SMEs feel let down by ‘entrepreneur’ chancellor
<?xml encoding=”utf-8″ ?????????> UK SMEs are expressing profound disappointment and a sense of being overlooked following the recent Budget announcement. They argue that the Chancellor’s policies appear to favour large corporations over the backbone of the UK economy – small businesses. Roan Lavery, CEO of FreeAgent, acknowledged a few positive […]
Cancelling non doms tax system could be disastrous for UK PLC
<?xml encoding=”utf-8″ ?????????> The decision to cancel the abolition of the non-domiciled (non-dom) tax system has sparked concerns among financial experts, who warn of potentially disastrous consequences for the UK’s economy and investment landscape. Mohammad Uz-Zaman, a chartered wealth manager and Founder of ADL Estate Planning, highlights the significant contributions […]
Chancellor criticised for lack of support for electric vehicle sales in budget announcement
<?xml encoding=”utf-8″ ?????????> Despite mounting pressure from the automotive industry, the latest Budget failed to incorporate a proposed 50% reduction in VAT for electric cars, leaving many disappointed. This measure, if implemented, could have significantly lowered the purchase price of electric vehicles (EVs), thereby fostering greater accessibility for both businesses […]
‘Too soon’ to cut policy rate — BSP
A SELLER waits for customers at the Paco Public Market in Manila, Feb. 1, 2024. — PHILIPPINE STAR/ EDD GUMBAN By Beatriz Marie D. Cruz, Reporter THE PHILIPPINE central bank governor on Wednesday said it is too early to cut benchmark interest rates absent an assurance that prices are really […]
DoF proposes key changes to mining fiscal reform bill
A loader dumps sand into a magnetized black sand mining equipment along the shoreline of San Vicente, Ilocos Sur in northern Philippines, May 6, 2013. — REUTERS By Aaron Michael C. Sy, Reporter THE FINANCE department is proposing a simplified fiscal regime for the Philippine mining industry that is seen […]
AstraZeneca Unveils £650 Million Investment Plan to Strengthen UK’s Life Sciences Sector
<?xml encoding=”utf-8″ ?????????> Pharmaceutical giant AstraZeneca has announced its ambitious plans to inject £650 million into the UK, a move set to fortify the nation’s already prominent Life Sciences industry and bolster economic growth. This substantial investment is poised to not only enhance public health protection but also elevate pandemic […]
Japan credit rater affirms PHL rating
A SPECIAL flag-raising ceremony is held at Rizal Park in celebration of International Women’s Month, Feb. 4, 2024. — PHILIPPINE STAR/EDD GUMBAN THE JAPAN Credit Rating Agency (JCR) affirmed on Wednesday the Philippines’ credit rating at “A-” with a “stable” outlook, as it expects the government to maintain its fiscal […]
Industry group says inconsistent LGU rules driving away IT-BPM investors
BW FILE PHOTO INCONSISTENCY in local government rules may drive away investors in the information technology and business process management (IT-BPM) sector, an industry group said. IT and Business Process Association of the Philippines (IBPAP) President Jack Madrid said investors are still facing constraints, particularly at the local government unit […]
Meralco sees decline in generation charge for March
MANILA ELECTRIC Co. (Meralco) is expecting a decrease in power cost from suppliers this month, the company’s spokesman said on Wednesday. “While we have yet to receive all the billings from our suppliers, initial indications show lower generation charge this March,” Joe R. Zaldarriaga, Meralco spokesperson and vice-president for corporate […]