THE Department of Energy (DoE) has told big power users to put on hold negotiations to source supply from retail electricity suppliers ahead of a common stand from government agencies after the Supreme Court blocked regulations that called for retail competition and open access (RCOA) in the power sector.
THE PHILIPPINE economy is expected to grow above 7% this year, hitting the higher end of the government’s target band, on the back of aggressive spending on infrastructure projects.
THE Bureau of Internal Revenue (BIR) said it has set its regional offices a quota of one case a month filed against tax law violators in order to assure the public that the agency is doing its job.
THE opportunity loss for the Philippines as a result of the controversy generated by the new government amounts to foregone investment from two European companies that would have created 5,000 jobs, a European business chamber official said on Wednesday.
THE GOVERNMENT warned it could take back the rights to unused frequencies after publishing a list of all assigned spectrum assets and their utilization, saying that the potential haul could accommodate a third or even a fourth telecommunications player.
(First of two parts) When TNCs like Uber and Grab entered the country, commuters noticed the difference right away. They changed service standards and pricing expectations and execution, using technology to solve recurring problems with public transportation. Using technology, they completely upended the transportation equation and disrupted the taxi/livery industry.
THE Philippine Competition Commission (PCC) is keeping the threshold for mergers and acquisitions (M&A) that require its approval, saying there is “no pressing need” to raise the P1-billion cap for such deals it needs to review.
THE House ways and means committee aims to pass the Department of Finance-backed comprehensive tax reform package before the chamber takes a break in mid-March, its chairman said.
NEW ZEALAND has offered to send experts to share best practices on improving the ease of doing business, in aid of the administration’s campaign to cut red tape, according to a statement sent to reporters recently.
THE Employers’ Confederation of the Philippines (ECoP) said a proposal to enact into law profit sharing will hurt the country’s micro, small and medium-sized enterprises (MSMEs.)