Customers of Manila Electric Company (Meralco) will have to shell out additional cash on their electricity budget as the overall rate of the utility firm would be higher by P0.1212 per kilowatt hour (kWh) in their October billing. With the upward adjustment, the rate of Meralco this month will be...
Despite the declining prices of locally produced palay, the Philippine government agencies are in full force to defend the Rice Tariffication Law (RTL), which allowed the unlimited entry of cheaper imported rice in the country. On Thursday (Oct. 8), four government agencies – the Department of...
The US government cited improvements in the Philippine economy and efforts to further ease doing business in the country, but noted the same issues such as corruption, the legal system, human rights violations as significant disincentive to foreign investments while big companies dominate the...
Congress should immediately pass the two pending measures of the Duterte administration to help the pandemic-hit businesses that are mainly micro, small, and medium enterprises (MSMEs), the Department of Finance (DOF) said. Finance Assistant Secretary Antonio Joselito Lambino II said the Corporate...
With the public school classes commencing last Monday, Oct. 5, the country’s elementary and high school students are in for a new digital experience in contrast to the traditional face-to-face instruction that generations of Filipinos have undergone before. Responding to this national need for an...
The Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the government’s efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III...
Apprehensive that a trade war is now brewing between the Philippines and Brazil over the import ban that the Department of Agriculture (DA) imposed on Brazilian poultry meat, the Philippine Association of Meat Processors Inc. (PAMPI) has strongly urged government to prevent this from happening. In...
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation (GBP), was bestowed highest compliance rating among coal-fired power plants in the country, on its adherence to the rules being enforced by the Wholesale Electricity Spot Market. The company, in a...
CITY OF SAN FERNANDO, Pampanga – A total of P43, 526, 136.68 worth of farm equipment was turned over to 38 farmers' associations in this province to assist farmers in addressing the threat of hunger amid the COVID-19 pandemic. Agriculture Secretary William Dar, assisted by Gov. Dennis...
Businesses are pessimistic about their operations in the short-term as sales revenue remained depressed despite the easing community quarantine, a survey commissioned by the government and World Bank revealed. Based on the results from the Philippines COVID-19 firm survey, business owners claimed...
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
State transport authorities and stored value or "beep" cards provider AF Payments Inc. (AFPI) remain deadlocked over the issue of making the cards free for commuters, as of presstime. (PNA / MANILA BULLETIN) AFPI today issued a statement to the media, effectively saying that the Department of...
