TOBACCO-PRODUCING cities and municipalities still have P747.2 million remaining shares in the excise taxes collected from locally manufactured cigarettes as early as 2008.
Mar 112016
Mar 102016
STRONG PUBLIC and private spending are expected to spur further growth, ruling out the need for additional stimulus, monetary authorities said during their first policy meeting for the year held last month.
Mar 102016
THE DEPARTMENT of Energy (DoE) has drafted a circular that sets the “optimal utilization” of the Agus hydroelectric plants in Mindanao ahead of an expected peak in the demand for electricity during the summer months.
Mar 102016
DAVAO CITY — The banana industry does not expect to recover this year from the 62% drop in export receipts in 2015 given the prevailing El Niño, which is expected to last until July, and following to the decline in global market prices due to competition.
Mar 092016
THE GOVERNMENT may adopt before its term ends a policy allowing concessionaires of public-private partnership (PPP) projects to tap the capital markets, pension funds and insurance companies for refinancing.
Mar 092016
DAVAO CITY — The Davao Regional Development Council (RDC) has proposed a P106.43-billion budget for 2017 to bankroll the programs and projects of national government agencies in the region, including government-owned and -controlled corporations and state academic institutions.
Mar 082016
BENIGN INFLATION seen in February will allow the Bangko Sentral ng Pilipinas (BSP) to keep monetary policy settings unchanged during this month’s meeting, an economist from ING Bank NV said, as the markets also await fresh hints from the United States about the next “lift-off.”
Mar 082016
NATURAL GAS-FIRED power plants can now legally use pure diesel as their alternative fuel in times of gas shortages after a proposed measure from Congress submitted to the Office of the President lapsed into law late last month.
Mar 082016
THE WORLD Trade Organization (WTO) has asked its members to start preparing for the enforcement of the new trade facilitation agreement (TFA) by notifying the agency about their technical assistance and capacity-building needs to ensure its effective implementation.
Mar 072016
DAVAO CITY — The troubled launch of a much-touted new coal-fired power plant in the Davao Region is playing into the hands of anti-coal activists, who with foreign and Church backing oppose the expanded use of the fuel in the Philippine energy mix.