LISTED MRC Allied, Inc. has created a power subsidiary, a month after the company announced its foray into renewable energy development.
May 142015
BusinessWorld Online: Economy
May 132015
GOVERNMENT-OWNED and -controlled corporations (GOCCs) remitted payments to the government of P36.85 billion for the 2014 financial year, up 13%, prompting Malacañang to order a study into GOCC compensation, with the President noting that executives and employees in this sector of government may have been neglected.
May 132015
A LOCAL unit of AES Corp. is poised to supply over 100 megawatts (MW) of electricity to eight distributors in northern Luzon after it submitted the best offer in a recent auction.
May 132015
The sun feels closer to us in the summer. The life-giving sun brings about the summer splendor of the Philippines. It also sparks insights for this sequel to the article “Finding the core of an ethics program” I wrote under this column last year.
May 122015
THE PROPOSAL to lift the constitutional bar on foreign ownership of certain assets may pass on second reading at the House by June, Speaker Feliciano R. Belmonte, Jr. said, adding that the main worry remains plenary approval.
May 122015
THE GROWTH in remittances from overseas Filipinos likely eased month on month in March and could slow further “in the near term”, posing a downside risk to the country’s current account, an analyst from Standard Chartered Bank said.
May 122015
STATE-RUN Bases Conversion and Development Authority (BCDA) remitted last week an additional P1 billion to the Bureau the of Treasury (BTr) to represent its partial payment of guarantee fees for the Subic-Clark-Tarlac Expressway (SCTEx) for 2014.
May 102015
POWER GENERATORS and distributors have been required to submit information regarding their operations that are necessary to keep the government’s supply and demand forecast up to date.
May 102015
GOVERNMENT agencies’ imports should be released from the custody of the Bureau of Customs (BoC) within a day after requirements are completed in order to fast-track the delivery of services and further decongest the ports, Commissioner Alberto D. Lina said in a memorandum.
May 102015
Late last year, the Bureau of Internal Revenue (BIR) ordered additional sectors to use electronic (eBIR) forms and imposed a P1,000 penalty per return, as well as a 25% surcharge should the required taxpayers fail to comply. Also just a few months ago, the BIR clearly demonstrated its intent to enforce tax compliance when it pressed tax evasion charges against online shopping sites for allegedly failing to declare correct taxes.