Amid the tax predicaments raised by Petron on its refining business, the Department of Finance (DOF) indicated that it is not amenable to proposed tweaks in the country’s tax laws as applied to the supply chain of the downstream oil sector. Finance Secretary Carlos G. Dominguez III (MANILA...
To force the country into ‘clean energy’ transition, the Department of Energy (DOE) has enforced moratorium on new coal-fired power plant projects. But it’s not time for the clean energy advocates to pop the champagne bottle yet, because the DoE qualified the moratorium will not cover...
With only about two months left in 2020, the Land Bank of the Philippines (LANDBANK) is still targeting to end 2020 with slightly higher amount of loans lent to the agriculture sector. In a statement, LANDBANK expects to further expand its agricultural loan portfolio to P245 billion by the end of...
Google Philippines has introduced initiatives to support the country’s safe economic recovery through: MSME Caravan, free listings on Google Shopping tab, and Google Maps for local tourism. In partnership with the Department of Trade and Industry, MSME Caravan aims to train micro, small, and...
As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
The planned telecommunications infrastructure expansion of a fiber internet provider will significantly contribute to the country’s strong economic bounce-back from the coronavirus pandemic, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III During the...
Despite the latest warning of the Brazilian government to file legal cases against the Philippine government before the World Trade Organization (WTO), the Department of Agriculture (DA) is determined to keep the disputed import ban on poultry meat coming from the South American country. Department...
Government borrowings skyrocketed last month as the coronavirus pandemic continued to strangle revenue sources, data from the Bureau of the Treasury showed. (Photographer:Julian Abram Wainwright/Bloomberg file) Gross borrowings of the Duterte...
Tourism Secretary Bernadette Romulo-Puyat has ordered a review of the Philippine Retirement Authority policies, and the suspension of the issuance of Special Retirement Residence Visa (SRRV) program of the agency. DOT Secretary Bernadette Romulo-Puyat (MANILA BULLETIN FILE PHOTO) In a special...
The Bangko Sentral ng Pilipinas (BSP) will not be issuing its own central bank digital currency (CBDC) in the next three or five years, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) When asked if the BSP could come...
The Department of Trade and Industry has relaxed effective today, Thursday, the control measures in the operation of malls and commercial centers but with strict compliance to the health and safety protocols. DTI Secretary Ramon M. Lopez issued Memorandum Order C No. 20-55 on Easing of Control...
Senate Majority Leader Juan Miguel Zubiri has raised concerns over the recent appointments at Sugar Regulatory Administration (SRA), which were formalized in separate allegedly falsified documents containing Agriculture Secretary William Dar’s signature without his knowledge. Sen. Juan Miguel...
