DAVAO CITY — Aboitiz Power Corp. (AboitizPower) has confirmed that subsidiary Therma South, Inc. (TSI) is now synchronizing its first 150-megawatt (MW) coal-fired power plant with the Mindanao grid, a prelude to commercial operations that could start by the end of June or early July.
MORE investment in clean energy and energy efficiency is necessary to meet rising Asian demand while containing the impact of climate change, officials said yesterday.
CHINESE TOURISTS lost interest in Southeast Asia last year and local airlines are among those that absorbed the fallout from a territorial dispute with China, the Civil for Asia Pacific Aviation (CAPA) said.
To attract investors to our economic zones, the Philippine Economic Zone Authority (PEZA) recently launched the PEZA Electronic Application for Registration System (e-ARS). This system can be accessed thru the PEZA Web site (www.peza.gov.ph) by clicking the icon “e-ARS” or going directly to the URL http://ears.peza.gov.ph.
THE SMUGGLING rate is thought to have fallen in 2014 — the first decline in nine years — mainly due to a system that requires the Customs bureau to report regularly to the private sector and executive departments, the Federation of Philippine Industries (FPI) said.
GOVERNMENT AGENCIES planning to enter into multi-year contracts should first secure a clearance from the Department of Budget and Management (DBM) to ensure compliance with the budget law, the department said in a new circular.
BILATERAL trade between the Philippines and Germany grew by a record 38.1% in the first quarter of 2015 in a positive response to the country’s improving business climate.
THE EUROPEAN Chamber of Commerce of the Philippines (ECCP) has started talks with mayors and governors in a bid to address investor issues with local governments.
THE GOVERNMENT has released over P30 billion to build additional classrooms to accommodate the needs of the K to 12 program, the Department of Budget and Management (DBM) yesterday said.
The need for clear and definitive rules on the proper treatment of input value-added tax (VAT) from zero-rated/export sales in case of denial has never been as important as today. As more VAT refunds are denied by the Bureau of Internal Revenue (BIR), the taxpayers’ clamor to address the issue on the recovery of VAT for zero-rated/export sales becomes inevitable.