While on a state visit to Russia, President Rodrigo Duterte declared martial law in Mindanao in response to a string of attacks by a band of terrorists known as the Maute group. During a press conference on his arrival back in Manila, Duterte mentioned the killing and decapitation of the Philippine National Police (PNP) Chief of Malabang, as well as arson and fighting in the streets of Marawi …
THE Federation of Philippine Industries (FPI) said that it is open to the tariff-free importation of sweetener high fructose corn syrup (HFCS) as a means of stimulating the competitiveness of the sugar industry, as long as users purchase equivalent amounts from cane sugar producers.
THE Department of Energy (DoE) has ordered the participation of the National Transmission Corp. (TransCo) in the preparation, review and evaluation of the country’s transmission development plan (TDP), an activity that in past administrations has been taken on solely by National Grid Corp. of the Philippines (NGCP).
As reported, Congress is expecting to pass House Bill No. 5636 or the (new) Tax Reform Acceleration and Inclusion (TRAIN) on second reading this week, but not after intense plenary debates. This bill is the substitute bill of the earlier House Bill No. 4744 and other related tax measures. It adjusted some of the more contentious provisions in the old TRAIN. For legislation with a profound impact on all Filipinos, it is important to hear many arguments, whether pro or anti, in order to make an informed decision.
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RUSSIA is set to sign an agreement on Thursday with the Philippines to firm up its earlier commitment to buy $2.5 billion worth of agricultural products over the next 12 months.
THE comprehensive tax reform program being counted on by the government to fund its ambitious infrastructure plan has made it to plenary debate at the House of Representatives.
THE hotel and gaming market is getting a boost from both international and local players, as the government’s plan to increase foreign arrivals stimulates development activity to meet demand, research firm Pinnacle Real Estate Consulting Services, Inc. said in a report.
THE PLAN to build Kaliwa dam, the proposed new water source for Metro Manila, has again been tweaked, this time to accommodate funding from China, the top official of one of the capital’s water concessionaires said.