ADB approves technical aid for Batangas LNG project
THE ASIAN Development Bank (ADB) has approved a technical assistance loan for the Philippine National Oil Co.’s (PNOC) Batangas Liquefied Natural Gas (LNG) project.
According...
Fuel-marking contract to be bid out in Q3
THE GOVERNMENT hopes to launch the bidding process for the fuel-marking system, a measure intended to curb tax evasion, by the third quarter, the...
Customs bureau seizes shipment of cigarettes worth P36.5 million
THE BUREAU of Customs (BoC) said it intercepted a Chinese shipment of smuggled cigarettes valued at P36.5 million.
The BoC said in a statement yesterday...
Cable cars still on the table, Tugade says
THE Department of Transportation said plans to attract investment in a cable-car line are ongoing, two years after the department first floated the idea...
DA hopes easy-access credit will replace subsidies by 2021
THE Department of Agriculture (DA) said it hopes to phase out farm subsidies by 2021, replacing them with easy-access credit.
Agriculture Secretary Emmanuel F. Piñol...
Ease of doing business bill to be signed next week
PRESIDENT Rodrigo R. Duterte will sign next week the Ease of Doing Business bill, which requires government agencies, including local government units, to reduce...
Aquino calls for mechanism to suspend fuel excise taxes
SENATOR Paolo Benigno A. Aquino IV on Wednesday said he wants a “reasonable mechanism” for suspending fuel excise taxes if inflation breaches certain thresholds,...
S&P sees PHL growth sustained with no danger of overheating
S&P Global Ratings said it is not concerned about any overheating in the Philippine economy, saying that robust investment and a growing labor force...
Finance dep’t claims backing of business groups for tax reform package 2
THE DEPARTMENT of Finance (DoF) said that it has received letters of support from business and civil society groups on the second package of...
NFA expects rice prices to stabilize next week
THE National Food Authority (NFA) said it expects rice prices to stabilize with subsidized rice selling for between P27 to P32 per kilogram to...
DoE cites role as arbiter of fuel tax suspension
THE tax reform law contains a mechanism authorizing the Department of Energy (DoE) to trigger the suspension of another increase in taxes imposed on...
Q1 livestock output rises led by layer chickens
THE Philippine Statistics Authority (PSA) said most subcategories of the livestock sector reported increased production in the first quarter, led by chickens specialized for...