The proposed Capital Market Efficiency Promotion Act (CMEPA) being pushed by the Legislative-Executive Development Advisory Council (LEDAC) has removed the planned reimposition of excise tax on pick-up trucks such that the bill, if passed into law, would result in foregone revenues for the...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
The Department of Energy (DOE) and the Department of Natural Resources (DENR) have partnered to speed up the exploration, utilization, and development of offshore wind projects. In a statement, the DOE said the two agencies entered into a memorandum of agreement (MOA) that allows access...
As the push for renewable energy (RE) gains momentum, the Department of Energy (DOE) emphasized the need for a fair transition for the private sector that has invested in coal facilities. During the Powertrends International Business Forum 2024, DOE Assistant Secretary Mario Marasigan...
The Department of Trade and Industry (DTI) is working to finalize a comprehensive economic partnership agreement (CEPA) with the United Arab Emirates (UAE), a move aimed at strengthening economic ties between the two nations. DTI Secretary Cristina A. Roque recently met with the UAE's Minister of...
Senator Sherwin Gatchalian wants public schools included in the government's free wi-fi program for a more efficient roll-out and to ensure Internet connectivity in the country’s public places. Gatchalian quizzed the Department of Information and Communications Technology (DICT) during the...
The Department of Foreign Affairs (DFA) said it has cancelled the passport of dismissed Bamban, Tarlac mayor Alice Guo, who is also alleged to be a Chinese spy Guo Hua Ping, since Sept. 30. The agency said it terminated the "fraudulently acquired" Philippine passport of Guo upon its receipt of...
The Philippine Chamber of Commerce and Industry (PCCI) said that the imposition of value-added tax (VAT) on non-resident digital service providers creates a fairer competitive landscape for local businesses. In a statement, Enunina Mangio, PCCI president, said the recent signing of the VAT on...
President Marcos has appointed Jaime Alfonso Antonio Eder Zobel de Ayala as Member of the Department of Trade and Industry’s Inter-Agency Investment Promotion Coordination Committee. Zobel will be Private Sector Representative from the National Capital Region for a term of three years, said...
The Department of Energy (DOE) said that consumers can expect a potential gasoline price rollback next week, while diesel prices are likely to increase. Rino Abad, DOE Oil Industry Management Bureau (OIMB) directo said these contrasting movements are due to various economic factors. ...
The Department of Education (DepEd) concluded the grand festivities for the 2024 National Teachers’ Month (NTM) on Thursday, Oct. 3, honoring the vital role educators play in shaping the nation. With the theme “Together4Teachers,” the celebration showcased the unwavering dedication of...
Without teachers, schools and communities will not function, President Marcos said as he hailed educators around the country on National Teachers' Day. President Ferdinand 'Bongbong' Marcos Jr. graces the celebartion of 2024 National Teachers' Day at the Araneta Coliseum on Oct. 3, 2024. (RTVM...
