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PH medium firms said to struggle with high tax rates

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The rate of taxes slapped on medium-sized businesses operating in the Philippines remained one of the highest in the Asia Pacific, exceeding both the regional and global averages, according to a joint report of World Bank and global professional services network and auditor PricewaterhouseCoopers (PwC).

Posted: November 22nd, 2014 in Headlines | Read More »

On rise in pay, PH in step with rest of Asia

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wage-hike

Salaries in the Philippines are expected to increase by an average of 7 percent in 2015, the same as the projected average pay rise across countries in the Asia Pacific, a survey conducted by professional services company Towers Watson showed.

Posted: November 7th, 2014 in Latest Business Stories | Read More »

Asia Pacific seen to drive global growth in travel

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Growth-sign

Cheaper ticket prices and a booming global population will drive growth in the air passenger sector through 2034, with Asia Pacific seen to account for almost half of worldwide traffic through that period, the International Air Transport Association, or IATA, said in a report.

Posted: October 25th, 2014 in Headlines,Latest Business Stories | Read More »

Asia-Pacific said to dominate oil demand by ’20

The Asia-Pacific (Apac) is a growing market for oil and gas resources, and member-countries are expected to make long-term investments in the industry, according to a think tank based in the United States.

Posted: September 29th, 2014 in Headlines | Read More »

Asia-Pacific firms brace for entry of ‘millennials’ to the workforce

PRESIDENT AQUINO (center, first row) joins the officers and staff members of the Philippine Business for Social Progress (PBSP) during the Mindanao Membership Meeting (MMM). With him are: (first row, from left) Rafael C. Lopa, PBSP executive director; Trade Secretary Gregory Domingo, Mindanao Development Authority chair Luwalhati Antonino, PBSP Mindanao Committee chair Paul G. Dominguez, Interior Secretary Manuel Roxas and Secretary Teresita Deles, Presidential Adviser on the Peace Process.  RTVM MalacaÑang

Fear of obsolescence and the need for competitive compensation and benefits are among the key concerns of employees in Asia Pacific, according to a new report by SAP, produced with research group Oxford Economics.

Posted: September 29th, 2014 in Headlines,Latest Business Stories | Read More »

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