Category: Economic Indicators
Complaints vs pyramid scams surge during COVID-19 crisis
THE VOLUME of pyramid scheme complaints filed in the four months to April had more than doubled the full-year total for 2020, the Department of…
ERC approves Isabela power distributor’s P65.4-M capex plan
THE Energy Regulatory Commission (ERC) has approved a P65.4-million capital expenditure (capex) application filed by Isabela I Electric Cooperative, Inc. (Iselco I) which will go…
LANDBANK expands lending program to include ex-extremists
STATE-RUN Land Bank of the Philippines (LANDBANK) has widened its lending program for former rebels to include former violent extremists. In a statement, the state…
Program delivery at local government unit level seen as key to addressing undernutrition
IMPLEMENTATION of nutrition policy needs to be improved to address undernutrition among Filipino children, a Zuellig Family Foundation official said. “We are not lacking in…
BIR awaiting Duterte’s signature on estate tax amnesty extension
THE BUREAU of Internal Revenue (BIR) said it is waiting for President Rodrigo R. Duterte to sign a bill that will extend the validity of…
House panel hopes to pass tax bill for private schools by end of Q3
The House Committee on Ways and Means said it will seek to approve a bill clearing up the ambiguity surrounding the eligibility of private schools…
PHL spending on safety nets seen smaller than emerging market average
THE PHILIPPINES is among the emerging markets that have spent little on social safety nets relative to the size of its gross domestic product (GDP),…
Net metering cap eyed for removal to boost RE investment
COMPANY HANDOUT SENATOR Sherwin T. Gatchalian, who chairs the chamber’s energy committee, has filed a bill seeking to remove the 100-kilowatt (kW) ceiling on generation…
IEMOP plans to establish reserves market
THE Independent Electricity Market Operator of the Philippines (IEMOP) said it is looking at establishing a market for ancillary services (AS) to attract investment and…
Sign of the times: Intensifying taxpayers’ use of e-signatures
The Philippines is celebrating its 123rd year of independence. We have been enjoying our freedom for over a century and much has changed since then….
BIR starts enforcing 12% VAT on exporters, citing TRAIN law
COMPANY HANDOUT THE BUREAU of Internal Revenue (BIR) issued rules over the weekend setting a 12% value-added tax (VAT) on export sales of companies that…
Energy efficiency industry bats for inclusion of vehicles in DoE
By Angelica Y. Yang, Reporter THE Philippine Energy Efficiency Alliance, Inc. (PE2) said it is pushing for the inclusion of gasoline and diesel-powered motor vehicles…
Offshore miners considering PHL after government lifts ban on new concessions
MAJOR offshore mining groups have expressed their interest in the Philippines after Executive Order (EO) No. 130 opened the door for new projects, according to…
PPA seeking master planning consultants for 10 sea ports
THE Philippine Ports Authority (PPA) said it is soliciting bids to provide consultancy services for feasibility studies and master planning at 10 ports. “The Philippine…
Dominguez calls on GOCC council to improve oversight
FINANCE SECRETARY Carlos G. Dominguez III said the Governance Commission for government-owned and -controlled corporations (GCG) needs to improve its oversight over state-run firms. Mr….
Time for CEOs to redefine their growth paradigm
(First of two parts) In the current business environment, we keep hearing the term “new normal” being used by business and government leaders to provide…
Budget deficit to remain wide until 2022
THE GOVERNMENT is likely to run a wide fiscal deficit until 2022 as it supports the economy amid the coronavirus crisis, Fitch Solutions Country Risk…
Over 100 stores fail to get safety seal
OVER A hundred applications for safety seals assessed by the Trade department have been denied due to non-compliance with health protocols, its top official said. …
WB worried LGUs unable to spend Mandanas funds
REUTERS THE World Bank (WB) has expressed concerns about the capacity of local government units (LGUs) to spend their expanded budgets following the implementation of…
DTI seeking more funds for small business loans
THE TRADE department is seeking additional funding for small business loans, saying that it expects to commit P5 billion to finance such companies by the…