Businesses told to comply with TRAIN law

 

 

By Rose de la Cruz

 

Employers in private businesses should be able to iron out by March this year the transition kinks in implementing the TRAIN (Tax Reform for Acceleration and Inclusion) law’s exemption from income tax computations those being paid P250,000 a year.

 

Rep. Henry C. Ong, 2nd district of Leyte and vice chair of the committee on banks and financial intermediaries, said three months should be more than enough time to calibrat5e the payroll software most businesses use.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

One probable reason many private sector employers are unable to implement TRAIN is that they…

Read more: Businesses told to comply with TRAIN law

Foreign inflows in January hit $1.62 billion

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas reported that net foreign portfolio for January hit $1.62 billion, surpassing the $1.56 billion and $1.1 billion recorded the previous month and a year ago, respectively.

However, the $1.5 billion outflow for the month similarly reflected an increase compared to those recorded in December ($1.1 billion) and January of 2017 ($846 million).

Overall, transactions for the month yielded net inflows of $162 million attributable to investor optimism over the passage of the first phase of the government's tax reform program, positive news on…

Read more: Foreign inflows in January hit $1.62 billion



"The Bangko Sentral ng Pilipinas- Department of Economic Research projects January 2018 inflation to settle within the 3.5 - 4.0 percent range. The increase in the prices of domestic petroleum product on account of higher global crude oil prices along with higher food prices due to weather-related disturbances could contribute to the rise in inflation for January 2018. In addition, higher excise taxes on fuel, sugar sweetened beverages with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) this month, would lead to additional upward price pressures. The increase in prices could be partly offset by lower electricity rates in Meralco-serviced areas for the month."

Read more: BSP forecasts January 2018 inflation at 3.5-4%

BSP to Adopt Minimum Liquidity Ratio for Smaller Banks and QBs

 

By Rose de la Cruz

 

 The Monetary Board has approved the adoption of minimum prudential liquidity requirements for thrift banks (TBs), rural banks (RBs), cooperative banks (CBs), and quasibanks (QBs), which are designed to enhance the covered BSP-supervised financial institutions’ resilience to liquidity stress events. With this new development, all banks and QBs will be subject to calibrated minimum prudential liquidity requirements.

 

The BSP first rolled out regulatory minima for universal banks (UBs) and commercial banks (KBs) through the implementation of the Liquidity Coverage Ratio (LCR)1 under Circular No. 905 dated 10 March 2016.

 

TBs, RBs,…

Read more: BSP to Adopt Minimum Liquidity Ratio for Smaller Banks and QBs

Five  former NEDA secretaries feted in an anniversary dinner

 

By Rose de la Cruz

 

Five former secretaries of the National Economic and Development Authority were honored in the 45th anniversary dinner of the agency for their contributions to the country’s economic landscape.

 

These were Cesar EA Virata, Solita “Winnie” Monsod, Cielito Habito, Felipe Medalla and Romulo Neri.

 

The Monday dinner dubbed as “Secretaries’ Night” was part of the activities lined up for NEDA’s 45th founding anniversary that culminated with a day-long event last January 24.

 

A five-minute video paying tribute to the achievements and accomplishments of 15 former NEDA secretaries since 1973 was shown…

Read more: Five former NEDA secretaries feted in an anniversary dinner

Like us in Facebook

Features

Latest News

Draft Ph. Export Development Plan supports PDP2017-2022

    By Rose de la Cruz   The National Economic and Development Authority said that the proposed Philippine export development plan (PEDP) to boost... Read More...
Remittances surge to $10.4-B in 1st 4 months of 2018

    By Rose de la Cruz   Remittances from overseas Filipinos rose to $10.4 billion in January to April 2018, up by 4 percent hitting $2 billion... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE PAGIGING MAKABAYAN

KAMAKAILAN ay tumawag ng atensyon ang plano ni Sen. Manny Pacquiao na maghain ng panukalang batas na naglalayon na isama bilang bahagi ng curriculum... Read More...
IMAGE PUTULIN ANG MONOPOLYO NG MERALCO!

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...

Our Guests

Today326
Yesterday1033
This week1359
This month20040
Total982673

Visitor Info

  • Your IP: 54.80.198.173

Who Is Online

27
Online

Monday, 25 June 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.