THE START of the second quarter without a power crisis is a positive signal for Philippine growth and inflation prospects, a Citi economist said in a research note, although this could also mean demand for power has declined.
Apr 282015
Apr 282015
WITH THREE major projects in the pipeline, the power generation subsidiary of Manila Electric Co. (Meralco) said it expects to build a 3,000-megawatt (MW) portfolio.
Apr 282015
NINETEEN COMPANIES have secured clearance to conduct studies for power plant projects in the first quarter, allowing the firms to move forward with one of the key preparations prior to the construction stage.
Apr 272015
THE ENERGY Regulatory Commission (ERC) will soon order the adoption of a lower rate for solar power projects that will be applied under the feed-in tariff (FIT) scheme.
Apr 272015
THE MONETARY Board (MB) will likely keep policy settings unchanged throughout 2015 as inflation remains well-anchored and liquidity growth has eased compared to last year’s levels, First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report.
Apr 272015
Complying with the April 15 deadline for the filing of income tax returns (ITRs) proved to be more difficult and more complicated in 2015. In recent years, the Bureau of Internal Revenue (BIR) had changed the ITR forms, causing confusion among taxpayers. And then the agency introduced new programs to improve tax collection that, unfortunately, have not been properly implemented.
Apr 262015
TACLOBAN CITY — Government crews are rushing to clear about four million coconut trees in Leyte and Samar provinces which were damaged by super-typhoon Yolanda (international name Haiyan) in order to prevent the rhinoceros beetle from taking hold and attacking surviving trees.
Apr 262015
EMERGING POWER, Inc. (EPI) has tapped a company from Iceland to conduct drilling works for its planned 40-megawatt (MW) geothermal project in Oriental Mindoro.
Apr 262015
The work force is vital to any company’s success. This is one reason why most companies, especially those in the service industry, make significant investments in the training and development of their people. In the case of a business process outsourcing (BPO) company, well-trained employees allow it to deliver excellent service to its clients worldwide. However, for BPO companies in the Philippines that are registered with the Philippine Economic Zone Authority (PEZA) and avail the 5% gross income tax (GIT) incentive, the deductibility of the training expenses as part of direct cost from the 5% GIT has not been clearly addressed by the Bureau of Internal Revenue (BIR).
Apr 232015
PHILIPPINE economic growth prospects remain rosy given healthy demand and supply conditions, monetary authorities noted during their policy meeting last month.