DoE threatens to revoke firm’s rights to Palawan exploration concession
THE Department of Energy (DoE) threatened to revoke the rights of Colossal Petroleum Corp. to a service area off the Palawan coast if it does not submit its work plan after winning Area 5 during the department’s last petroleum contracting round in 2014.
Ease of doing business law misses October deadline for IRR
THE government has missed its Oct. 22 deadline to approve the implementing rules and regulations (IRR) of the Ease of Doing Business (EoDB) law.
Sorghum touted as response to rising feed demand, prices
THE Department of Agriculture (DA) will promote sorghum planting next year to supplement the supply of animal feed, which is currently dependent on yellow corn, Secretary Emmanuel F. Piñol said on Monday.
Fuel excise suspension subject to review in 2019 — DoF
THE DEPARTMENT of Finance (DoF) said that reimposing the fuel tax hike scheduled for 2019, which the government has committed to suspend, will be reviewed at any three-month period that year rather than during the fourth quarter.
House panel says 3 priority measures enacted since third session in July
THREE MEASURES identified as government priorities have been enacted since the 17th Congress opened its third regular session on July 23, the House Rules Committee said in a report.
Planting calendar changes must be site-specific, academic says
ADJUSTMENTS to the planting calendar require detailed consultation with farmers to account for local differences in crop growth, a University of the Philippines Los Baños (UPLB) academic said.
DA calls conventional irrigation obsolete, pushes for solar
AGRICULTURE SECRETARY Emmanuel F. Piñol said on Monday that his department is pushing for the wider adoption of solar-powered irrigation systems (SPIS) as a means of attaining rice self-sufficiency.
Are you happy to withhold?
By Renato R. Balisacan, Jr.
It has been said that “happy are those conscious of their spiritual need, since the Kingdom of the heavens belongs to them.”
PEZA proposes raising tax on gross income earned to 7%
THE Philippine Economic Zone Authority (PEZA) has offered to increase the rate of its gross income earned (GIE) tax incentive to 7% from 5% and make it time-bound in lieu of its removal under the Tax Reform for Attracting Better and High Quality Opportunities (TRABAHO) Bill.
DoF preparing rules to re-impose fuel excise hike
IMPLEMENTING RULES and regulations (IRR) for re-imposing the next P2 fuel excise tax following its planned suspension in 2019 are expected soon.
Senate calls inquiry into fuel excise suspension
SENATOR Sherwin T. Gatchalian has filed a resolution seeking an inquiry into the potential impact of suspending the fuel excise tax on inflation, which hit 6.7% in September.
CTA affirms P761-M San Miguel Brewery excise tax refund
THE Court of Tax Appeals (CTA), sitting en banc, has affirmed the grant of a refund to San Miguel Brewery, Inc. worth over P761 million after a finding that it overpaid excise tax on its San Mig Light brand of beer.