DoE warns of risks of holding onto RE certificates
THE Department of Energy (DoE) has warned holders of renewable energy (RE) certificates not to hold on these tradable instruments once the trading market starts to operate next year as their life is limited only to three years.
Trade Secretary Lopez studying Recto tax bill
TRADE SECRETARY Ramon M. Lopez is studying an exporter-supported bill proposing to immediately reduce corporate income tax from 30%.
Senate panel approves bamboo industry dev’t bill
THE Senate Committee on Trade, Commerce and Entrepreneurship has approved a bill institutionalizing the development of the Bamboo industry, a measure backed by the Department of Trade and Industry (DTI).
Train set for LRT-1 Cavite extension to arrive next July
THE government expects the first train set for the P64.9-billion Cavite extension of the Light Rail Transit Line 1 to arrive from Spain by July.
Nueva Ecija rice farmers to get P219M assistance
A TOTAL of P219 million under the Rice Farmers Financial Assistance Program (RFFAP) will be released to growers in Nueva Ecija, the Department of Agriculture (DA) announced.
Fitch Solutions flags ‘high regulatory risk’
THE GOVERNMENT’s move to revoke the extension of its agreement with the country’s largest water concessionaires Manila Water Co., Inc. and Maynilad Water Services, Inc. shows the “high regulatory risk” faced by the private sector in contracting with the state, a UK-based research firm said on Monday.
Budget gap widens in November as spending outpaces revenues
THE GOVERNMENT’s fiscal deficit widened in November as a surge in state spending outpaced revenues’ double-digit growth, according to data from the Bureau of the Treasury (BTr) released on Monday.
Gov’t simplifies procedures for EU-bound goods
THE GOVERNMENT has moved to simplify procedures for Philippine exporters to the European Union (EU), as the Bureau of Customs (BoC) released guidelines for self-certification of origin in order to avail of lower tariffs under the EU’s Generalized System of Preferences (GSP).
Cayetano says Palace expects budget signing by Jan. 6 ‘at the latest’
SPEAKER Alan Peter S. Cayetano said Monday that the 2020 National Budget currently with Malacañang complies with Supreme Court rulings against pork barrel items, and cited Palace estimates that it will be signed by Jan. 6, 2020 at the latest.
DA sets agricultural output growth target of 4% by 2022
THE Department of Agriculture (DA) hopes to elevate agricultural production growth to 4% by 2022 with a package of measures promoting the development of small businesses and financial assistance to farmers.
House panel focusing on pushing POGO, road user taxes to plenary
THE House committee on ways and means will seek to elevate to the plenary legislation laying down tax measures for online gaming firms, road users, the mining industry and single-use plastics, its chairman said.
Senate panel to give motorcycle-taxi bills priority in Jan.
MEASURES regulating the operation of motorcycles as public utility vehicles will be given priority when the Senate resumes session on Jan. 20, Senator Grace S. Poe-Llamanzares said.