The Energy Regulatory Commission (ERC) is scheduled to issue an advisory or order that will direct power utilities, like the Manila Electric Company (Meralco), to extend for at least 30 days the bill payments of customers in line with the prescription of Republic Act 11494 or the Bayanihan Act-2....
Trade and Industry Secretary Ramon M. Lopez said they will issue an advisory to the mayors and local government units (LGUs) allowing them to determine the extent of further reopening of business establishments from the current 50 percent. Trade and Industry Secretary Ramon Lope (ALFRED FRIAS /...
The government’s fuel marking program has covered over 12 billion liters of petroleum products during its first-year of implementation, the Department of Finance (DOF) said. In a statement, Finance Undersecretary Antonette C. Tionko said the total volume of fuel marked from September 4 last year...
The Philippine government is looking at financial rehabilitation of Northern Foods Corporation (NFC), a struggling government-owned tomato processing firm established during the administration of President Ferdinand Marcos, to make it...
US President Donald Trump is not a taxpayer in the Philippines, but private companies “with his name” could have had paid levies to the Bureau of Internal Revenue (BIR), Finance Secretary Carlos G. Dominguez III clarified today. WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump...
Energy Secretary Alfonso G. Cusi As the government is keen on evaluating the joint venture deal proposed by Davao businessman Dennis A. Uy, Energy Secretary Alfonso G. Cusi indicated that they will start studying the ‘buyout proposal’ for the 45-percent majority interest of Shell Philippines...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
The Department of Transportation (DOTr) and the Philippine National Railways (PNR) this Sunday (Sept 27) awarded the three remaining civil works contract packages for the P51 Billion Clark Phase 2 project - the Malolos-Clark extension of the North-South Commuter Railway System. The award of the...
Finance Secretary Carlos G. Dominguez III has urged the raffle winners of the small investor-targeted Premyo bonds to consider using their cash rewards to reinvest in government debt securities or start their own small businesses and help create jobs. Finance Secretary Carlos G....
The Department of Energy (DOE) has started awarding the last batch of degressed feed-in-tariff (FIT) incentives to qualified biomass and run-of-river hydropower projects that reached commercial operations on the prescribed cut-off date last year. Energy Secretary Alfonso G. Cusi The recent round of...
American energy giant Chevron Corporation packed its bags out of the country early this year after finalizing the sale of its 45% stake in Malampaya to Filipino businessman Dennis Uy. Previous to this, data from the Petroleum Association of the Philippines showed an exodus of deep-pocketed...
The exodus of Philippine offshore gaming operations (POGOs) to affect government tax revenues from the real-estate sector and other businesses, the Department of Finance (DOF) said yesterday. Finance Secretary Carlos G. Dominguez III said during a virtual Senate hearing yesterday that he received...
