THE coastal geohazard assessment conducted in the province of Leyte revealed that municipalities on the northwest coast are threatened by landslides and rockfall, while some towns on the eastern seaboard are at moderately to high risk of coastal erosion.
MOVES to overhaul the 1987 Constitution continued in Congress, with key legislators signaling their intent to assemble a body to review the charter, broaden foreign ownership in the economy, and reorganize the government along federal lines.
NEW Energy Secretary Alfonso G. Cusi expects to open his term of office reviewing with his staff the target energy mix set by the previous government of 30% each generated from coal, natural gas and renewables, as well as 10% from fuel oil.
When the new Bureau of Internal Revenue (BIR) Commissioner, lawyer Cesar Dulay, formally assumed office on July 1, it appeared to many that he intended to make an impression. Wasting no time, the Commissioner took many by surprise with three new issuances. The three, released on Friday, consisted of two revenue memorandum circulars (RMC) — RMC Nos. 69-2016 and 70-2016, and one revenue memorandum order (RMO) — RMO No. 38-2016.
AGRICULTURE Secretary Emmanuel F. Piñol said he has sounded out Japan about providing access to the latter’s stocks of mandatory rice imports, in order to diversify the Philippines’ sources of supply.
THE new president of the Israel Chamber of Commerce of the Philippines (ICCP) hopes to attract more Israeli businesses to the Philippines, with a focus on agriculture and information and communications technology.
(Last 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 on the new rules relating to abandonment, period of storage in a Customs Bonded Warehouse, advance customs rulings, post clearance audit, record keeping requirements and penalties. In addition to the above, the CMTA also provides the following changes:
BUREAU of Internal Revenue Commissioner Caesar R. Dulay’s first order of businesson Friday was to immediately suspend most tax audits on private taxpayers, indefinitely.
NEW Agriculture Secretary Emmanuel F. Piñol said that the rice industry has the potential to become a net exporter amid rising global demand for the staple, and will push his regional subordinates to achieve rice-self-sufficiency in two years.
THE Power Sector Assets and Liabilities Management Corp. (PSALM) on Thursday turned over the 32-megawatt power barge 104 to its new owner SPC Power Corp., which won the floating generating station in a bidding held in April.