China typhoons pose latest threat to supply chains after port disruptions

EXTREME WEATHER in China is becoming the latest challenge to global supply chains, as a heavy typhoon season threatens to further delay goods stuck at some of the world’s busiest container ports.

Poe says Senate to give water franchises bills due scrutiny

SENATOR Mary Grace Natividad S. Poe-Llamanzares, who chairs the chamber’s Committee on Public Services, said her panel will subject the water franchise bills to the required scrutiny, following allegations the measures were rushed by the House.

Customs seizes over P10B worth of smuggled goods in first half

THE BUREAU of Customs (BoC) said it confiscated P10.169 billion worth of smuggled goods from 557 operations in the first six months of the year, about the same as the year-earlier level of seizures.

Airlines to seek fresh government aid next week

AIRLINES are hoping to meet with the government’s transport agencies next week to seek an extension of the waiver of airport fees as the aviation industry continues to struggle due to the pandemic and lockdowns, the Air Carriers Association of the Philippines (ACAP) said Wednesday.

Emerging COVID-19 variants seen threatening PHL economic recovery

AN ECONOMIC recovery for the Philippines could come “sooner than later,” though the main downside will come from the emergence of more infectious variants of the coronavirus, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said in a joint report Wednesday.

Schools seek prompt passage of tax relief bill

PRIVATE SCHOOLS said they are hoping a bill granting them eligibility for a lower tax rate is signed this month or in September, to remove the distraction of the dispute with the Bureau of Internal Revenue (BIR) and allow them to focus on their core teaching mission.

Hedcor resumes hydro operations in Benguet after deal with IP groups

ABOITIZPOWER Corp. unit Hedcor, Inc. has resumed the operations of its three hydroelectric facilities in Bakun, Benguet, after reaching a deal with indigenous groups, which earlier withdrew their consent for the power plants over a royalty dispute.

NIA settles dispute with SN Aboitiz over irrigation water used in Magat power operations

THE NATIONAL Irrigation Administration (NIA) and SN Aboitiz Power-Magat, Inc. (SNAP-MI) agreed to a P19.99-million settlement in relation to the use of irrigation water in power operations.

Relief for foreign nationals with expired visas

To address numerous pleas and requests for reconsideration from foreign nationals, the Bureau of Immigration (BI) recently issued an Advisory, allowing a six-month non-extendible grace period to file applications for renewal/extension of their working, student, or resident visas, which expired from March 16, 2020 up to July 4, 2021.

FIRB approves P29B worth of perks for housing, cement

THE FISCAL Incentives Review Board (FIRB) approved on Monday P29.4 billion worth of fiscal incentives for a housing development and two cement plants located outside Metro Manila, its first approvals after the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law gave it more power over tax perks.