DPWH, NLEX Corp. break ground on R-10 harbor link
THE Department of Public Works and Highways (DPWH) and the North Luzon Expressway (NLEx) Corp. yesterday broke ground on the R-10 section of the...
Meralco-Citicore solar supply deal attracts price challenge under competition rules
MANILA ELECTRIC Co. (Meralco) has received interest from a price challenger to the P3.50 per kilowatt-hour (kWh) quoted by Citicore Power, Inc., which has...
DoF seeking amendments to REIT law
THE Department of Finance (DoF) is seeking to amend the Real Estate Investment Trust (REIT) Act to eliminate ambiguities on its tax implications, which...
Gov’t capacity to deliver infra projects up for review
THE SENATE’S review of the proposed 2018 Budget, estimated at P3.7 trillion, will focus on the government’s “ability to utilize the appropriations for public...
World Bank disaster insurance scheme to cover 25 provinces
THE Department of Finance (DoF) said it launched a World Bank-financed insurance fund for disaster-prone provinces to help fast track disbursements for affected areas.
The...
Cebu Pacific aircraft lease deal approved for investment incentives
THE Board of Investments (BoI) recently approved the P6.1-billion air transport project of Cebu Pacific (Cebu Air, Inc.), recognizing it as a public infrastructure...
Data-driven market forcing telcos to invest, eroding returns — S&P
SOUTHEAST Asian telecommunications companies will have to invest more aggressively to stay competitive in a data-driven market, according to a report published yesterday by...
Revisiting improperly accumulated earnings tax (IAET)
By Paula A. Francisco
Normally, when one looks at the financial statements of a corporation and notices that the accumulated earnings exceed the paid-up capital, one will infer...
BoI upgrades best-case investment target for 2017
TRADE Secretary Ramon M. Lopez said that 2017 investment pledges registered with the Board of Investments (BoI) could be as high as P550 billion,...
NEDA ICC approves Pasig bridges, Mindanao roads
THE CABINET-LEVEL Investment Coordination Committee (ICC) on Friday approved six projects worth P57.494 billion, the Department of Finance (DoF) said in a statement.
These approved projects include:...
Napocor adds over 28 MW to plants serving off-grid areas
THE National Power Corp. (Napocor) has installed power generation sets with a capacity of 28.686 megawatts (MW) to supplement the capacity of 38 power...
DICT warns against budget diversion to fund free tuition
DEPARTMENT of Information and Communications Technology (DICT) Secretary Rodolfo A. Salalima said that he “cannot comply” with his mandate of improving ICT if the budget...