THE Philippine Economic Zone Authority (PEZA) said it will recommend three regions in Mindanao for a scheme allowing the payment of lower power rates by economic zones, involving the allocation of low-cost power generated by the southern island’s hydropower plants.
THE Department of Agriculture (DA) may delay its 2017 plan to cultivate hybrid rice on one million hectares of farmland to next year amid lack of financial resources for the rice program.
BUDGET Secretary Benjamin E. Diokno remains positive on the underlying revenue assumptions behind the 2018 budget, which will incorporate the results of reforms to the tax system, though delays raise the risk of some infrastructure projects going unfunded.
THE Philippine Economic Zone Authority (PEZA) is expecting to have more Japanese firms locate in the country after the visit of Japanese Prime Minister Shinzo Abe this week.
As we start the new year, we reflect on the past 12 months and plan for the days ahead. We have roles to fulfill as part of a family, an extended professional family, and as a member of society. A relevant step to this reflection and planning, is to be an informed citizen. Article II of the 1987 Constitution provides that the state adopt and implement a policy of full public disclosure of all its transactions involving public interest, subject to reasonable conditions prescribed by law. The Bill of Rights further guarantees the right of the people to information on matters of public concern. Every citizen is afforded access to official records, and documents pertaining to official acts, transactions or decisions, subject to limitations as may be provided by law.
THE GOVERNMENT on Tuesday assured that power supply for Luzon will be adequate during the scheduled maintenance shutdown of the Malampaya facility although electricity prices could rise “inevitably” as gas-fed power plants shift to oil for their fuel.
THE DRAFT of the Philippine Development Plan 2017-2022 targets total government spending for development purposes at 49.2% of the national budget by 2022.
THE Department of Agriculture (DA) is looking at a target of 18.5 million metric tons (MT) for unmilled rice this year, which it said was an adequate output level to support moves towards self-sufficiency in the staple grain.
INVESTMENT registered by the Philippine Economic Zone Authority (PEZA) fell over 26% in 2016, mainly due to the political uncertainty during the presidential elections and a wait-and-see attitude on Philippine and US economic policy.
FORMER economic ministers said they support the Finance department’s efforts to reform the tax system, including measures intended to offset lost revenue from reducing personal income tax rates, saying the initiative is “long overdue” and necessary to radically reduce poverty.