President Marcos’ chief economic manager stated that he expects an additional P300 billion to be injected into the government’s treasury over the next five years following the planned revision of existing passive income tax law. Department of Finance (DOF) Secretary Ralph G. Recto, during...
The Department of Energy (DOE) has awarded Qualified Service Person (QSP) accreditation to three Liquefied Petroleum Gas (LPG) associations, ensuring the safe, efficient, and professional delivery of LPG services to the public. The DOE’s Oil Industry Management Bureau (OIMB) awarded QSP...
The Energy Regulatory Commission (ERC) has firmed up the intricate ‘tariff-setting parameters’ or price determination methodology that will anchor the 20-year power supply agreements (PSAs) in the third Green Energy Auction (GEA-3) to be administered by the Department of Energy (DOE) -...
(Department of Social Welfare and Development/Tara, Basa! Facebook Page) To further empower students and enhance educational support, the Department of Social Welfare and Development (DSWD) on Friday, Dec. 20 renewed its partnership with the Department of Education (DepEd) for the continuation of...
Filipinos may soon experience relief from the additional burdens linked to paying electricity bills as the Department of Finance (DOF) and the Department of Energy (DOE) have signed a joint memorandum circular (JMC) granting tax exemptions to qualified electric cooperatives (ECs). According to DOF,...
Motorists may need to brace themselves for the holiday season as Christmas week is anticipated to bring another round of oil price hikes. Based on four-day Means of Platts Singapore (MOPS) trading and the average forex rate, analysts expect gasoline prices to increase by P0.35 to P0.80 per liter,...
The Department of Trade and Industry (DTI) has exceeded its 2024 investment targets, reaching a total of P1.834 trillion in investments from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). According to the DTI, the major factors behind this achievement include...
The recently enacted corporate recovery and tax incentives for enterprises to maximize opportunities for reinvigorating the economy (CREATE MORE) is proving to be a game-changer in attracting global investors, earning praise from Japanese, American, and British business leaders. According to the...
The Philippines' food service industry is expected to revert to pre-pandemic sales levels next year, after an anticipated 12-percent growth this year on the back of strong demand among Filipino diners, according to the United States Department of Agriculture (USDA). In a Dec. 17 report,...
President Marcos is leaving it to the Department of Justice (DOJ) whether or not to press charges against former president Rodrigo Duterte and other individuals for crimes against humanity. President Ferdinand 'Bongbong' Marcos Jr. and former president Rodrigo Duterte (Malacañang file photos)...
The Department of Transportation (DOTr) has signed agreements with major private corporations for three key infrastructure projects aimed at boosting tourism, trade, and transportation across the Philippines. According to the Department of Finance (DOF), the Public-Private Partnership (PPP)...
The Philippines generated P712 billion in tourism revenues from Jan. 1 to Dec. 15, the Department of Tourism (DOT) said. DOT Secretary Christina Garcia-Frasco also reported that the country welcomed 5,646,351 foreign visitors by mid-December, achieving a 119 percent recovery compared to...
