Month: April 2018

Marco Polo Davao allots P80-M budget for upgrade

DAVAO CITY — Halifax Hotel Davao, Inc., owner of Marco Polo Davao, is spending about P80 million this year for its ongoing refurbishment. Francis R. Ledesma, hotel president, said over the weekend that the upgrade involves aesthetics as well a improvement of key...

DTI seeks P300M for Boracay plan

Various stakeholders in both government and the private sector are looking for ways to soften the impact of the looming 6-month closure of popular tourist spot Boracay Island. Efforts vary from being reactionary and proactive as more than 30,000 jobs would be...

Trust and TRAIN 2

We had a very interesting and frank discussion of the controversial package 2 of the administration’s tax reform program at a meeting of the Foundation for Economic Freedom (FEF). This group of economists supported the first package, but there are pockets of dissent...

Mindanao Express dream on track

ZAMBOANGA CITY — Armando Cabance first heard stories of trains coming to Mindanao when he was a young man driving a truck for a logging company in the 1960s during the administration of then President Ferdinand Marcos. Hearing these stories again during the term of...

Lopez favors 15-year sunset provision of PEZA incentives

Trade and Industry Secretary Ramon M. Lopez, chair of the Philippine Economic Zone Authority (PEZA), yesterday expressed preference for a 15-year sunset provision on the 5 percent perpetual tax on gross income earned (GIE) enjoyed by PEZA-registered enterprises....