THE BUREAU of Customs (BoC) has codified all regulated products that need permits and clearances from various government agencies in a bid to help importers comply with the requirements and eventually cut transaction time with the BoC.
Feb 162015
BusinessWorld Online: Economy
Feb 162015
THE POWER Sector Assets and Liabilities Management Corp. (PSALM) said it plans to contest the financial penalties imposed by the Philippine Electricity Market Corp. (PEMC) in connection with its alleged withholding of power plant capacity, which is thought to have contributed to the spikes in market prices over a year ago.
Feb 162015
IF THE “busy season” for an accounting firm’s audit and accounting departments is from December to April, January and February are among the busiest months for the Enterprise Services Division (ESD) and Incentives Management Division (IMD) of the Philippine Economic Zone Authority (PEZA). During this time, PEZA-registered enterprises renew their certificate of incentives and value-added tax (VAT) zero-rating certificate.
Feb 132015
LAOAG, Ilocos Norte — Three generation companies were fined by the Wholesale Electricity Spot Market (WESM) administrator for withholding power plant capacity, which could have contributed to the spikes in the market prices over a year ago.
Feb 132015
THE Philippine Electricity Market Corp. (PEMC) has declared its readiness to accommodate more renewable energy (RE) capacities on the country’s electricity trading platform.
Feb 132015
TRANS-Asia Oil and Energy Development Corp. has surrendered its rights over a hydropower resource area in Benguet, less than a year after it secured the contract from the government.
Feb 122015
CONGESTION at the Port of Manila will be tailing off by the end of the month as container yard utilization and vessel waiting time continue to normalize, the chief of Philippine Ports Authority (PPA) said on Thursday.
Feb 122015
BURGOS, ILOCOS NORTE — As part of the preparations for the increase of solar power allocation under the feed-in tariff (FIT) scheme, industry stakeholders are seeking to lower the rate for projects utilizing that particular renewable energy (RE) technology.
Feb 122015
THE GOVERNMENT could miss its mid-2016 target rollout for the new international gateway that will replace Ninoy Aquino International Airport (NAIA), after the Japan International Cooperation Agency (JICA) said it will finish the full feasibility for the project in February 2016.
Feb 112015
THE PHILIPPINE government may be open to tapping the domestic debt market for a liability management exercise this year although plans have yet to be firmed up, National Treasurer Roberto B. Tan yesterday said.