Category: Economic Indicators
NGCP: Power bills to rise if DoE enforces rules on full reserves
WHATWOLF-FREEPIK THE contracting of ancillary services (AS) will not solve the issue of low power supply, the National Grid Corp. of the Philippines (NGCP) said…
PHL meat imports rise 26.7% in first five months led by pork
MEAT IMPORTS in the first five months rose 26.7% year on year to 440,018.87 metric tons (MT), led by a sharp increase in pork shipments….
Building permit approvals rise 1.4% in 1st quarter
BW FILE PHOTO APPROVED building permit applications increased 1.4% from a year earlier in the first quarter to 33,627, signaling improvement in construction demand, according…
Eligibility rules eased for potential tractor suppliers
THE eligibility rules have been eased for prospective suppliers of four-wheel tractors to the farm mechanization program, with the Department of Agriculture (DA) requiring that…
Thailand extends ban on hog, pork imports from Philippines
REUTERS THAILAND has extended an import ban on live pigs and carcasses from the Philippines as an African Swine Fever (ASF) containment measure. The import…
Design bids solicited for PNR Bicol project
PHILSTAR THE Transportation department has started seeking bidders for the detailed design and construction contract of the China-funded Philippine National Railways (PNR) South Long Haul…
BSP’s Diokno backs legislated path to economic liberalization
THE opening of the economy to foreign investment will be more easily accomplished via legislation rather than the government’s preferred method of constitutional change, Bangko…
Philippines rounding up funding to support sustainable energy shift
THE Department of Finance (DoF) said it is currently in talks with various development partners such as the Asian Development Bank (ADB), the UK government…
Small exporters left behind due to ‘digital divide’
LIMITED ACCESS to digital resources disadvantaged smaller exporters despite government policies that allowed the sector to continue operating throughout the pandemic, a Philexport official said….
NGCP power reserve compliance inadequate, key legislator claims
SENATOR Sherwin T. Gatchalian, who heads his chamber’s energy committee, said Wednesday that regulators must strictly enforce the ancillary services (AS) requirements, a scheme for…
BIR preparing charges against tax stamp counterfeiters in P544-million case
THE Bureau of Internal Revenue (BIR) said it will file criminal charges against tax stamp counterfeiters and review the deficiencies in tax payments by those…
Soil health program allocated budget of P523 million
THE GOVERNMENT will set aside P523.57 million to support a national soil health program that will enable sustainable crop production. Agriculture Secretary William D. Dar…
Finally clarified: PEZA deductible expenses
The CREATE Act continues to live up to the hype, as taxpayers anxiously await the release of its implementing guidelines. The law is intended to…
PEZA flags ‘more restrictive’ import tax rules under CREATE
THE Philippine Economic Zone Authority (PEZA) raised possible problems its locators might encounter with new import tax rules after the implementation of a new law…
Subic Bay authorities say talks to conclude soon with US company seeking Hanjin yard takeover
THE Subic Bay Metropolitan Authority (SBMA) said it is near the conclusion of talks with an unidentified US company seeking to take over the lease…
Private schools ask court to void BIR bid to impose 25% tax
PRIVATE SCHOOLS filed a petition with the tax court Monday to halt the implementation of the Bureau of Internal Revenue’s (BIR) Revenue Regulation 5-2021, which…
MGB says automatic renewal looms for exploration periods
THE Department of Environment and Natural Resources (DENR) is expected to release an administrative order that will allow for automatic renewals of the period set…
Senator calls for amendment to remove listing requirement for generating firms
SENATOR Sherwin T. Gatchalian, who chairs the chamber’s committee on energy, has proposed a measure to do away with the initial public offering (IPO) requirement…
Book industry claims losses of P240 million from DepEd ‘modules’
THE BOOK industry will sustain P240 million in losses from teaching materials reproduced by the Department of Education (DepEd) without a licensing agreement, a copyright organization…
NWRB, DoST collaborating on water resource monitoring projects
THE National Water Resources Board (NWRB) is working with the Department of Science and Technology (DoST) on programs to improve the monitoring of the country’s…