Marcos wants to beef up maritime security duties of PHL Coast Guard

PRESIDENT Ferdinand R. Marcos, Jr. wants the Philippine Coast Guard (PCG) to go beyond its sea rescue mission and maritime patrol duties to strengthen the country’s territorial defense, according to the presidential palace. Members of the PCG should become “frontliners ready to confront whatever threats are coming through the country’s coastlines,” Mr. Marcos said during […]

Search continues for missing plane with 6 on board; Air Force plane crash kills 2 

THE CIVIL Aviation Authority of the Philippines (CAAP) said a Cessna single-engined general aviation aircraft went missing after departing Cauayan Airport in Isabela on Tuesday afternoon.   RPC1174, a Cessna 206 type aircraft, took off from the Cauayan Airport at 02:15 p.m. on Jan. 24 and was expected to arrive at an airport in Maconacon, Isabela […]

USAID launches five-year, $18-M project to boost SME digitalization

THE United States Agency for International Development (USAID) said on Wednesday that it launched a five-year project to raise the level of digitalization at Philippine small and medium enterprises (SMEs). MaryKay L. Carlson, United States ambassador to the Philippines, said during the launch event in Makati City that the Strengthening Private Enterprise for the Digital […]

BEPS 2.0: On Pillar 1 and its challenges from a Philippine perspective

As multinational entities (MNEs) continue to expand their businesses internationally, Base Erosion and Profit Shifting (BEPS) persists as a major concern by taxing authorities. Given the differences in tax policy among countries, MNEs implement tax strategies that effectively lower their tax bases or shift profits to countries with more favorable tax policy. To address this […]

More Philippine Defense officials quit 

MORE senior officials of the Defense department have quit after Jose Faustino, Jr. resigned as secretary.  At least seven more officials who held undersecretary and assistant secretary positions submitted their resignation letters to newly installed Defense Secretary Carlito G. Galvez, Jr., agency spokesman Arsenio R. Andolong told reporters on Tuesday.  It is customary for coterminous […]

Business groups see a better year, but challenges abound

By Revin Mikhael D. Ochave, Reporter LOCAL business groups are expecting a better year for their respective sectors despite the global economic challenges that may hinder the country’s growth prospects. Ebb Hinchliffe, American Chamber of Commerce of the Philippines (AmCham) executive director, told BusinessWorld via mobile phone interview that the overall sentiment in the group […]

Finding unicorns gets harder amid tough times

By Brontë H. Lacsamana, Reporter STARTUPS may have to consider rightsizing and conserving cash in order to attract investors, who are expected to be more cautious in 2023 amid increasingly gloomy economic predictions. Venture capitalists, meanwhile, are expected to remain very conservative with their investments, focusing primarily on proven companies with resilient business models and […]