Under its new leadership, the Securities and Exchange Commission (SEC) remains committed to implementing reforms that will further enhance the ease of doing business in the Philippines and deepen the capital market. In a courtesy visit to Finance Secretary Ralph G. Recto, new SEC Chairperson...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice to ₱43 per kilo from the current ₱45, over one week after the plan was postponed due to tensions in the Middle East. In two weeks, specifically on July 16, the new price cap on five percent...
With limited time remaining before its loan financing for the long-delayed Cebu bus rapid transit (BRT) expires, the World Bank has recommended downscaling the project under the watch of the newly elected provincial and city officials. “The pace of project implementation has slowed down...
The Office of Civil Defense (OCD) is waiting for the successor of former Administrator Ariel Nepomuceno after he was appointed by President Marcos Jr. as the commissioner of the Bureau of Customs (BOC). At present, the OCD is being supervised by Officer in Charge (OIC) Asec. Bernardo Rafaelito R....
A group of teachers on Tuesday, July 1, called on the Department of Education (DepEd) to launch an investigation into reports of an alleged “item-for-sale” scheme in public schools, where teaching positions are reportedly being sold to applicants in exchange for cash. “This is a matter of...
To prepare the grid for an anticipated surge in renewable energy (RE) projects, the National Grid Corporation of the Philippines (NGCP), its technical partner State Grid Corp. of China (SGCC), and the Department of Energy (DOE) have discussed key policies and strategies. Representatives from NGCP...
The Philippines will see a slight improvement in its rice production in the upcoming marketing year (MY) as the government’s support programs for the sector—including the sale of subsidized rice—are now starting to pay off, according to the United States Department of Agriculture (USDA). In a...
The Department of Energy (DOE) is urging renewable energy (RE) developers to submit their infrastructure plans early for the fifth Green Energy Auction (GEA-5). In a statement on Tuesday, July 1, the DOE said the early submission aims to facilitate inter-agency coordination and minimize the risk of...
The Court of Tax Appeals (CTA) has formally decreed that the Independent Electricity Market Operator of the Philippines (IEMOP), as the duly authorized operating entity of the Wholesale Electricity Spot Market (WESM), is not exempt from paying income tax - and that effectively upheld an earlier...
The e-Government Philippines, otherwise known as the eGovPH Super App, has enabled more than 13 million Filipinos to access government services seamlessly, according to the Department of Information and Communications Technology (DICT). With the aim of creating a one-stop shop for government...
The Department of Energy (DOE) is awaiting policy updates from the Department of Environment and Natural Resources (DENR) to reassess the transition of coal power facilities to renewable energy (RE). Speaking at the Media Kapihan on Energy Investment in the Philippines last week, Energy...
Women-led micro, small, and medium enterprises (WMSMEs) are now eligible to avail of loans of up to ₱20 million following the official launch of the Women’s Enterprise Fund. In a statement, the Department of Trade and Industry (DTI) said the loan program launched on Friday, June 27, setting the...
