THE HOUSE of Representatives is looking to revisit the Electric Power Industry Reform Act of 2001 (EPIRA) following the spike in power rates that Manila Electric Co. (Meralco) plans to implement this month.
Dec 122013
BusinessWorld Online: Economy
Dec 122013
THE DEPARTMENT of Energy (DoE) has called on power industry participants to start preparations for the establishment of a power reserve market, intended to accommodate back-up supply in the Luzon and Visayas grids and scheduled to go online next March.
Dec 122013
FOLLOWING a rate hike, the Philippine Chamber of Commerce and Industry (PCCI) yesterday called on the government to urgently formulate a policy that will force power producers to guarantee stability of power supply.
Dec 112013
INVESTMENT pledges registered with the Philippine Economic Zone Authority (PEZA) soared in the 11 months to November compared with the same period in 2012, with committed projects in the electronics sector making up the bulk.
Dec 112013
THE SUPPLY of residential condominium units is projected to double next year as more projects are expected to be completed, but the stock is seen to slow down starting in 2015 amid tightening competition.
Dec 112013
KAIZEN is a Japanese concept for continuous improvement. Literally, the word means “improvement” or “betterment”, but some may expand this to “the act of making bad points better”. With the issuance of Revenue Regulations (RR) No. 18-2013 on Nov. 28, it seems that the Bureau of Internal Revenue (BIR) has dipped into kaizen by leveraging on past experience. RR 18-2013 amends certain provisions of RR 12-1999, the implementing regulations that contain the BIR’s procedures on issuing deficiency tax assessments.
Dec 082013
THE GOVERNMENT seeks to expand the country’s air service agreements with three countries in the first quarter of next year, a senior regulator said.
Dec 082013
SUBSIDIES to state firms fell 77% year on year in October as public spending remained almost unchanged.
Dec 082013
IN LAST week’s article, we talked about the taxability of donations given the recent outpouring of compassionate aid for the victims of Typhoon Yolanda last month, as well as the victims of the Bohol earthquake in October.
Dec 042013
AN ORDER imposing the applicable tariff rates under the Association of Southeast Asian Nations (ASEAN) Trade in Goods Agreement (ATIGA) on qualified imports from special economic and free port zones has been issued by President Benigno S. C. Aquino III.