THE Energy Regulatory Commission (ERC) has talked to Manila Electric Co. (Meralco) to try to settle their differing views on the rules covering retail competition and open access (RCOA), some parts of which are on hold after the distribution utility sought and obtained a court injunction.
In 2015, the Organization for Economic Co-operation and Development (OECD) released its final reports on base erosion and profit shifting (BEPS). The reports addressed 15 focus areas, including “Aligning Transfer Pricing Outcome with Value Creation, Actions 8-10 — 2015 Final Reports,” issued on Oct. 5, 2015. BEPS Action Plans 8-10 provided discussions regarding, among others, the “Guidance on Applying Arm’s Length Principle” and “Scope of Work for Guidance on the Transactional Profit Split Method.” The discussions mentioned additional work to be conducted by the OECD to produce new guidance on the application of the transactional profit split method.
THE TIMETABLE for a railway project aimed at meeting growing commuter needs in Cavite province risks being extended as the deadline for submission by interested parties of documents to qualify for bidding was on Thursday moved for a third time.
OUTBOUND shipments of crude coconut oil (CNO) exports dipped more than a fifth year-on-year in July as the sector reeled from one of the worst dry spells to hit the country in decades, according to industry data released on Friday.
THE BOARD of Investments (BoI) has teamed up with Japan’s New Energy and Industrial Technology Development Organization (NEDO) to launch a P550-million e-vehicle demonstration project.
ECONOMIC managers of President Rodrigo R. Duterte have slashed the collection target for the Bureau of Customs (BoC) this year by almost a fifth amid falling oil prices and lower import volumes.
THE DUTERTE administration said it remains intent in scrapping rice import restrictions that will lapse in June next year, as such non-tarriff barrier clouds prospects for the Philippines’ inclusion in the Trans-Pacific Partnership (TPP) deal.
FILIPINOS ARE expected to almost double their travel spending by 2025, ranking 25th among 50 markets that have deep pockets for international travel, according to a study conducted by Visa, Inc.
THE Board of Investments (BOI) approved P210.37 billion worth of investment pledges in the first seven months of the year, nearly double, or 98% higher from the P106.08 billion registered in the same period in 2015, riding on the surge of proposals for power and transportation infrastructure projects.
THE country will open its doors to higher rice imports by next year, the government said on Wednesday, as it looks to comply with a World Trade Organization (WTO) agreement to lift trade barriers on the staple food.