In a bid to entice more borrowers from the agriculture sector, Bank of the Philippines (BPI) has opened a loan program to small and medium enterprises (SME) with no collateral and fewer documentary requirements. BPI Business Banking Head Eric Luchangco said in a statement that the Ayala-led bank is...
The Bureau of Internal Revenue (BIR) said the reduction of the percentage rate from three to one percent under the Corporate Recovery and Tax Incentives (CREATE) Act applies to both corporate and individual taxpayers. BIR Commissioner Caesar R. Dulay (Photo from BIR) It noted, however, that...
The House Committees on Agriculture and Food and on Appropriations on Wednesday, May 26, have approved the measure that authorizes the Department of Agriculture (DA) to use the annual tariff revenues in excess of P10-billion as cash assistance to rice farmers until 2024. House Agriculture Committee...
The House Committee on Energy on Monday, May 24 approved a bill that would give the Joint Congressional Energy Commission (JCEC) a permanent status, removing in the process its expiration as a body exercising oversight functions on the energy sector. In a committee hearing alternately presided over...
Bureau of Customs (BOC) agents have intercepted a tanker truck loaded with around 30,000 liters of unmarked diesel during a spot inspection in Mariveles, Bataan. GOTCHA-- A tanker truck carrying around 30,000 liters of unmarked fuel was intercepted on May 21,2021 during a spot inspection in...
The Federation of Free Farmers (FFF) has questioned the plan of the Philippine government to ban the entry of rice imports during harvest season, a move that will supposedly serve as a compromise to Malacañang’s latest move to temporarily slash tariff on imported rice from non-ASEAN countries....
AVANT GARDENER Yvette Natalie Tan We tend to not pay a lot of attention to salt. Perhaps it’s because we’re an archipelago in the tropics, so sun and seawater, the magic combination that creates salt, is easy to come by. And yet, despite being an archipelago with many different salt making...
The Senate committee on local government endorsed on Thursday, May 20, the approval of the bill that would postpone the first elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to 2025. Senator Francis Tolentino (Senate of the Philippines) Senator Francis Tolentino, committee...
State-lender Land Bank of the Philippines continues in administering support programs for the Department of Agriculture as part of the rice tariffication law’s (RTL) implementation to help Filipino rice farmers. In a statement on Wednesday, May 19, Land Bank said it has disbursed a total of P7.5...
Senator Risa Hontiveros urged Malacañang on Wednesday, May 19, to take back the executive order (EO) that lowers tariffs on imported rice, saying this will burden Filipino rice farmers. (Keith Bacongco/MANILA BULLETIN File Photo) “I urge Malacañang to recall EO 135. Lowering imported rice...
China’s unilateral imposition of a fishing moratorium in the South China Sea under its new coastguard law can curtail and put at risk the legitimate rights of Filipino fishermen to fish in Philippine territorial waters and exclusive economic zone (EEZ) and the Philippines does not recognize such...
The Philippine Coast Guard (PCG) is set to build a base facility to strengthen maritime security and law enforcement in Zamboanga Sibugay. (Photo courtesy of the PCG) PCG Lieutenant Romel Dua and Payao Mayor Joeper Mendoza have signed the deed of usufruct for the utilization of a 300-square-meter...
