INTERNATIONAL Labour Organization (ILO) Director-General Gilbert F. Houngbo had a dialogue with Philippine labor groups on Monday, discussing human rights violations against workers, according to the Trade Union Congress of the Philippines (TUCP). In a statement, TUCP said representatives from workers’ organizations had brought up the culture of impunity in […]
Marcos cites benefits of forests
PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday cited the economic benefits of the country’s remaining forest cover, as he called for multisectoral cooperation in protecting the environment. “We are able to determine that this can be in exchange for carbon emissions in another place,” he said in a speech, […]
Cost of Vietnam ASF vaccine estimated at about P600/dose
REUTERS THE vaccine for African Swine Fever (ASF) developed in Vietnam may cost nearly P600 per dose, according to the Bureau of Animal Industry (BAI), leading the hog industry to call for subsidies to head off higher pork prices at retail. “What I know is (the ASF vaccine) might cost […]
El Niño also expected to affect PHL rice suppliers Vietnam, Thailand
RICE inventories will be under pressure next year because the El Niño dry spell will also hit the Philippines’ major rice suppliers, Thailand and Vietnam, a farming industry association said. “Next year, we will have low stocks going into the lean months… because Thailand and Vietnam will also be hit […]
Emergency power procurement pricing allowed to vary from approved tariff
PHILIPPINE STAR/MICHAEL VARCAS THE pricing of emergency power supply agreements (EPSAs) will be allowed to vary from tariff levels approved by power regulators, subject to certain conditions, the National Electrification Administration (NEA) said. The NEA issued the statement following consultations with the Energy Regulatory Commission (ERC) and the Department of […]
Response to retail liberalization mainly expansions, not new entrants
PHILIPPINE STAR/ MICHAEL VARCAS FOREIGN retailers have responded to the amended Retail Trade Liberalization Act by expanding their current operations in the Philippines, with no new investors entering the market, the Philippine Retailers Association (PRA) said. The PRA was citing remarks made on Monday by its chairman, Paul A. Santos, […]
PCA bats for P11-billion budget increase
PHILSTAR FILE PHOTO THE Philippine Coconut Authority (PCA) is seeking additional funding of P11 billion, against its 2023 budget of P1 billion, citing its mandate to distribute improved varieties of coconut trees as authorized by the coconut trust fund law. “The reason why we are asking for (additional) funds is […]
UK trade scheme seen picking up momentum this year
BW FILE PHOTO THE British Chamber of Commerce Philippines (BCCP) said the UK’s recently launched Developing Countries Trading Scheme (DCTS) could start showing results in the Philippines within the year. “We will start to see it grow. I suspect that it (DCTS) will further boost trade between the two countries. […]
Factors affecting arm’s length price or profit
The main objective of a benchmarking analysis in a Transfer Pricing Documentation (TPD) is to determine the arm’s length range of price or return. As discussed in our previous article “Capitalizing the 4Cs of a TP benchmarking analysis,” arm’s length range is the arm’s length range of price, mark-up or […]
Ryan Reynolds and Rob McElhenney join investors buying into Alpine F1 team
<?xml encoding=”utf-8″ ?????????> Ryan Reynolds and Rob McElhenney have expanded their sporting portfolio by investing in Oxfordshire-based Formula One team Alpine Racing. The Hollywood stars and co-owners of Wrexham are part of a $200m (approximately £157m) investment, representing a 24% stake in the team, who sit fifth in the constructors’ […]