POWER system operator National Grid Corp. of the Philippines (NGCP) will be building a new transmission backbone to carry added power capacity in Mindanao at a cost of P6.86 billion, details of the decision released by the Energy Regulatory Commission (ERC) show.
FINANCE Secretary Carlos G. Dominguez III said he is concerned about the possible impact on inflation of any plan to halt rice imports by the National Food Authority (NFA).
THE Bureau of Internal Revenue (BIR) said improvements to electronic tax forms resulted in an average filing time of 15 minutes during the recently-concluded filing season, compared to 30 minutes a year earlier.
NUCLEAR ENERGY will play a “pivotal” role in augmenting the country’s power supply and will help in accomplishing the administration’s long-term vision of lifting most Filipinos into the middle class by 2040, an Energy department official said on Monday.
The tax season is over and almost all taxpayers who were able to file within the deadline yesterday, April 17, are now wondering what’s next in the pipeline of the Bureau of Internal Revenue (BIR) in so far as tax reforms are concerned. A welcome development has come in the BIR’s pursuit of a simplified tax administration system. On April 5, the BIR issued a memorandum for business taxpayers claiming income tax exemption under the Barangay Micro-Business Enterprise (BMBE) Act of 2002 (Republic Act No. 9178). Under the law, all BMBEs are exempt from income tax for income arising from the operation of the enterprise.’
RIYADH, SAUDI ARABIA — Seven business-to-business deals worth an estimated $470 million are to be signed by Filipino and Saudi businessmen during President Rodrigo R. Duterte’s three-day state visit here.
THE government’s call to prioritize local rice purchases over imports runs the risk of endangering food security, an economic-freedom advocacy group of ex-technocrats said.
THE BUREAU of Customs (BoC) on Tuesday said it denied Mighty Corp.’s motion to temporarily lift the suspension of its import permits, citing insufficient documentation to support its request.
THE Organisation for Economic Co-operation and Development (OECD) is recommending that the Philippines seek to diversify its crops rather than pursue market-distorting policies such as rice self-sufficiency.
DAVAO CITY — The National Electrification Administration (NEA) has set aside P1.7 billion as a loan window for cooperatives, especially the 11 that are considered to be experiencing financial difficulty.