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.

It has been said that “happy are those conscious of their spiritual need, since the Kingdom of the heavens belongs to them.”

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.

IMPLEMENTING RULES and regulations (IRR) for re-imposing the next P2 fuel excise tax following its planned suspension in 2019 are expected soon.

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.

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.

REVENUE GROWTH across all industries was 8.3% in the second quarter, accelerating from 6.9% in the first quarter and 7.3% a year earlier, the Philippine Statistics Authority (PSA) said.

THE SENATE on Monday will hold a hearing into the ongoing process of selecting the country’s third telecommunications service provider.

CEBU will host two major aviation-industry events next year which officials said will help promote its status as a international gateway.

MANDALUYONG CITY’S locally-generated revenue -- a measure of its fiscal independence -- declined 25.25% in 2017 to P3.90 billion, the sharpest fall among the Metro Manila’s municipalities, the Bureau of Local Government Finance (BLGF) said.

The Bureau of Internal Revenue (BIR) recently issued an advisory informing taxpayers that the Large Taxpayers Service and Assessment Service will continue to receive and process applications for Value Added Tax (VAT) zero rating on the sales of goods and services by suppliers of Registered Business Entities (RBEs), who were granted incentives by Investment Promotion Agencies (IPAs) under special laws. The said advisory also informed the taxpaying public that they need to follow the existing guidelines and procedures for these applications to be processed, which refer to Revenue Memorandum Order (RMO) No.7-2006 issued in 2006.

THE North Luzon Expressway (NLEx) Harbor Link Segment 10 mainline is slated to open in December after the Department of Public Works and Highways (DPWH) successfully completed the delivery of right-of-way for the alignment of the toll road.