BusinessWorld Online: Economy

RE Developers: Protecting the Environment with Tax Issues

Economy

Jul 132015

Sadly, it is typhoon and habagat (monsoon) season again. It is usually at this season that our country suffers the brunt of some of the strongest typhoons to make landfall. Typhoons, according to the experts, are getting stronger as a result of climate change. Thus, in an effort to reduce the effects of climate change, renewable energy (RE) sources are highly encouraged by the government. Currently, RE sources available in the Philippines include hydro power, ocean energy, geothermal, wind, solar, and biomass, such as bagasse and palay husk.

3 Korean firms ink partnerships

Economy

Jul 122015

THREE KOREAN firms have signed separate deals with local companies for partnerships that reflect the foreign country’s continued interest in the Philippines.

Tax spending passes P6B

Economy

Jul 122015

THE NATIONAL government has spent over P6 billion in the first four months of the year to pay the tax dues of various state agencies, data from the Bureau of the Treasury showed.

Solar power group seeks higher FIT cap for sector

Economy

Jul 122015

A GROUP of solar energy developers in the country has proposed a further increase in the allocation for solar technology under the feed-in tariff (FIT) scheme.

Philippine agribusiness, SMEs seen to benefit as Obama renews GSP

Economy

Jul 102015

UNITED STATES President Barack Obama last week renewed the US Generalized System of Preferences (GSP) Program until end-2017, allowing local agribusinesses and small enterprises to strengthen their export ties with one of the world’s biggest economies.

Customs bureau clarifies registration process for economic zone locators

Economy

Jul 102015

THE BUREAU of Customs (BoC) has clarified the registration process for locators registered with the Philippine Economic Zone Authority (PEZA) under a simplified procedure for companies enjoying tax perks.

Sugar importer slapped with smuggling raps

Economy

Jul 102015

THE BUREAU of Customs filed on July 10 a criminal complaint with the Department of Justice against a sugar importer for smuggling.

CREBA calls for consistent building rules

Economy

Jul 092015

THE CHAMBER of Real Estate and Builders’ Associations Inc. (CREBA) is pushing for the harmonization of national and government laws relating to the property industry, with inconsistencies considered a “stumbling block” in addressing the housing backlog.

Energy Regulatory Commission initiates review of lower FIT rate for wind projects

Economy

Jul 092015

THE ENERGY Regulatory Commission (ERC) has started the review process for the adoption of a lower rate for wind power projects that will be applied in the feed-in tariff (FIT) scheme.

BoC streamlines process for certificate of origin

Economy

Jul 092015

THE BUREAU of Customs (BoC) has laid out “self-certification” rules to streamline trade in line with plans to organize a single regional economy under the Association of Southeast Asian Nations (ASEAN) Economic Community.

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