THE NATIONAL Power Corp. (Napocor) is seeking provisional regulatory approval to avail of subsidies amounting to 12.48 centavos per kilowatt-hour to cover costs of providing energy to areas that are not connected to the Philippines’ electricity grid.
THE PHILIPPINES has received six new applications to breed and import genetically-modified (GM) seeds and crops after a new regulatory framework for their safe handling took effect on April 15.
According to the Bangko Sentral ng Pilipinas (BSP), there is “financial inclusion” when everyone is able to use financial products and services (e.g., credit, savings, payments and insurance) effectively to their benefit. Such products and services must be appropriately designed, of good quality and relevant to benefit the person accessing them.
CHANGE is coming to the country’s outdated tax regime, if the presumptive president-elect’s response to a survey is any indication, the Tax Management Association of the Philippines (TMAP) said.
EMPLOYMENT growth among Metro Manila enterprises slowed in the fourth quarter of 2015.
FOREIGN portfolio investments posted a net outflow in April to end a two-month streak of inbound capital as the presidential elections drew closer, data from the Bangko Sentral ng Pilipinas (BSP) showed.
ECONOMIC growth is likely to bounce back to the 6% level this year with domestic spending expected to have driven a robust expansion during the first quarter, DBS Bank said.
THE Housing and Land Use Regulatory Board has the power to compel real estate developers to disclose their financial condition on a regular basis, the Department of Justice (DoJ) said.
AT LEAST two competitors are expected to challenge the Metro Pacific group’s unsolicited proposal to build the P23.2-billion North Luzon Expressway (NLEx) and South Luzon Expressway (SLEx) Connector Road, which will be subject to a Swiss challenge in July.
THE PHILIPPINE economy likely grew by 6.6% in the first quarter, an economist at ING Bank N.V. Manila said, which would allow the central bank to keep monetary policy steady while financial markets also await more guidance on the policy track of the next president.