THE Department of Energy (DoE) has listed five countries that have shown “great interest” in participating in the government’s plan to build an integrated facility for liquefied natural gas (LNG), which it targets to finish during the current administration.
A NEW contracting round is in the works for petroleum and coal, the Department of Energy (DoE) said on Wednesday, in a move that the agency hopes to create wealth for the industry to fund more energy development projects.
To acquire juridical personality, a partnership and a corporation must register first with the Securities and Exchange Commission (SEC) before registering with the Bureau of Internal Revenue, the Local Government Unit having jurisdiction over the place where the entity intends to operate and locate, and the mandated social agencies such as the Social Security System, Pag-IBIG and PhilHealth.
FIFTY-FIVE flagship infrastructure projects are awaiting action from the National Economic and Development Authority Investment Coordination Committee (NEDA-ICC) as of mid-year.
THE Department of Finance (DoF) will roll out new tax stamps for tobacco and alcohol by October, in response to the proliferation of fakes used for tobacco products.
THE Association of Southeast Asian Nations (ASEAN) should seek to harmonize the process of setting up businesses to attract more foreign investment, a business advisory body to the regional bloc said.
BMW AG is exploring buying more auto parts from the Philippines and is preparing to help the local electric-vehicle (e-vehicle) industry set up the needed infrastructure for e-vehicles, including charging stations, Trade Secretary Ramon M. Lopez said.
THE Social Security System (SSS), through the Office of the Government Corporate Counsel (OGCC), has asked the Supreme Court (SC) to bar the National Grid Corp. of the Philippines (NGCP) from taking over a property in Pasay City.
On Aug. 19, 2013, the Supreme Court (SC) decided in the case of Deutsche Bank AG Manila Branch vs. Commissioner of Internal Revenue (G.R. No. 188550) and made the emphasis that the BIR must not impose additional requirements that would negate the availment of the reliefs provided for under international agreements. The SC was referring to the BIR requirement to file a tax treaty relief application (TTRA) within a specified period to avail of the treaty rates.
NATIONAL GRID Corp. of the Philippines (NGCP) said it had created a “bypass line” that would allow Samar, Leyte and Bohol to receive power from Cebu after an earthquake on Thursday caused blackouts on the three islands.