PPA profit rises over 31% in first half
THE Philippine Ports Authority (PPA) said net profit grew by about a third during the first half, driven by higher revenue from an increase in shipping and trade volume during the period.
DTI may grant canned meat price hike of 2-5%
THE Department of Trade and Industry (DTI) is reviewing applications to raise retail prices from the canned meat and sardine industry, Secretary Ramon M. Lopez told reporters Monday.
Hog cull still small compared to Vietnam, China — DA
THE Department of Agriculture (DA) said the hog cull following the outbreak of African Swine Fever (ASF) has totaled about 15,000 animals.
DoF sees no impact on infrastructure from aid suspension after UN probe
THE government’s economic team said it does not expect a major impact from the suspension of negotiations for pending aid grants from 18 countries that were critical of the Philippines’ handling of its drug war.
DA distributes about P700M in farm equipment in Cordillera region
THE Department of Agriculture (DA) said it has given P700.44 million worth of project assistance to farmers’ groups in the Cordillera Administrative Region (CAR).
Not everyone’s option
By Maria Cecilia Lourdes R. Pilotin
House Bill No. 4157 or the Corporate Income Tax and Incentives Rationalization Act (CITIRA) is on its way to the Senate after being approved on third reading in the House of Representatives.
Oil firms urged to charge fair markup on fuel acquired before Saudi attacks
CONSUMER group Laban Konsyumer Inc. (LKI) is asking the Department of Energy (DoE) to monitor oil companies’ inventory to ensure they charge fair prices on fuel products acquired before the attacks on the Saudi oil refineries.
Mining taxes eyed for sovereign wealth fund
REPRESENTATIVE Jose Ma. Clemente S. Salceda, the Ways and Means committee chair from Albay’s second district, said he will push for a mining tax that sets aside 30% of the government revenue generated from the industry to help set up a sovereign wealth fund.
Price-controlled drug list expected after issuance of health care IRR
THE PRICE ceilings on patented medicines will be released soon after the issuance of the Universal Health Care (UHC) Law Implementing Rules and Regulations next month.
Legislator seeks probe of gaming operators not registered as companies
A LEGISLATOR on Sunday called for an investigation into unregistered Philippine Offshore Gaming Operators (POGOs) and to look into their ultimate ownership.
House to question Senate’s proposed tax on vaping devices, prefers to tax refills
REPRESENTATIVE Jose Ma. Clemente S. Salceda, the Ways and Means committee chair from Albay’s second district, rejected the Senate’s proposal to impose a 20% excise tax on e-cigarette devices, saying that he prefers to tax consumption.
DTI vaping rules mainly concerned with safety, product standards
TRADE SECRETARY Ramon M. Lopez said that the Department of Trade and Industry’s (DTI) upcoming guidelines on e-cigarettes and vaping devices will be mainly to ensure the safety of products available on the market.