Approval process for infrastructure streamlined at NEDA Board level
ECONOMIC MANAGERS will seek to identify and eliminate redundant approval processes for government projects, in order to fast-track their implementation.
“Our goal here is to...
SMC’s Ang denies PSALM claims against power unit South Premiere Power Corp.
SAN MIGUEL Corp. (SMC) rejected claims by Power Sector Assets and Liabilities Management Corp. (PSALM) that its power subsidiary has outstanding obligations arising from...
Higher floor prices set for tobacco
THE National Tobacco Administration has approved new floor prices for tobacco to be implemented in the next two trading years.
For Virginia tobacco, the floor price...
DENR plans to resume issuance of ECCs for reclamation projects
DEPARTMENT of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu said he will resume the issuance of environmental compliance certificates (ECCs) for reclamation...
MGB forwards to MICC mining firms’ petition vs open-pit prohibition
THE Mines and Geosciences Bureau (MGB) said it submitted to the Mining Industry Coordinating Council (MICC) the petition of five mining firms to lift...
BIR revises criteria for evaluating personnel subject to attrition
THE Bureau of Internal Revenue (BIR) said it will revise the criteria for evaluating employees it intends to terminate or retain as it implements...
National gov’t debt service more than doubles in July
THE GOVERNMENT’S debt service bill was nearly P100 billion in July, more than doubling the year-earlier total, the Bureau of the Treasury said.
National government...
Guarantee firms’ merger seen possible by late 2018
THE CONSOLIDATION of government-run guarantee firms is expected to go ahead by the third quarter of 2018, the Treasury said.
The Department of Finance (DoF)...
Property investment not subject to VAT
Janeth A. Parcon
Riding a favorable economic landscape, the Philippines is projected to sustain a 6.5% growth rate this year fueled by the government’s aggressive spending on...
Gov’t targets sale of Mile Long by mid-2018, no valuation yet
THE GOVERNMENT plans to sell the Mile Long property next year as part of its privatization efforts, but said it will take time to...
Finance department confident Human Rights commission will be funded
THE Department of Finance (DoF) said it expects legislators to eventually agree to fund the Commission on Human Rights (CHR) in line with its...