LIFTING bank secrecy rules covering import transactions and improvements on valuation of goods would boost customs revenues, the outgoing chief of the Bureau of Customs (BoC) said, as total collections are seen still below target during the second quarter.
THE Energy Regulatory Commission (ERC) will look into the process used by the Department of Energy (DoE) in arriving at the list of solar projects that it certified as eligible to receive a guaranteed rate of P8.69 for each kilowatt-hour it feeds into the national electricity grid.
(Fourth of 5 parts) In last week’s article, we listed down some of the changes introduced under the new Customs Modernization and Tariff Act (CMTA), particularly the rules pertaining to related party transactions as well as the penalties relating to unlawful importation and exportation, misdeclaration, misclassification and underdeclaration of imported goods.
CUSTOMS Commissioner Alberto D. Lina defended on Friday his order granting international port status to the Manila North Harbour, citing his agency’s jurisdiction in implementing customs regulations.
SN POWER Philippines, Inc. has estimated the cost of the power generation component of a hydroelectric power complex it is developing in Alimit, Ifugao province with the Aboitiz group at $420 million, a company official said.
DAVAO CITY — The regional office of the Agriculture department is providing quality seeds to farmers here in its bid to sustain corn production.
THE INCOMING Socioeconomic Planning Secretary on Thursday laid out a broad outline of how his agency plans to introduce new metrics to the Philippine Statistics Authority that would cover economic gains distributed across socioeconomic classes and regions, thus helping achieve the next stage of growth — making sure more Filipinos are lifted out of poverty.
THE INCOMING secretary in charge of the environment, a mandate that covers the Philippines’ mining industry, has slammed the use of open pits to extract minerals, describing it as “madness” even to consider the method in the resource-rich country because of its environmental impact.
THE DEPARTMENT of Energy (DoE) has released on Thursday a draft of the rules on renewable portfolio standards (RPS), a market-based policy that requires distribution utilities and other industry participants to source a portion of their power supply from eligible renewable energy resources.
BUSINESSES are taking a role in promoting inclusive growth, aligning themselves with the incoming administration’s thrust to develop the provinces and lift Filipinos out of poverty, the country’s top business leaders said.