LGUs ordered to streamline energy-project permit process
LOCAL government units (LGU) were ordered to streamline permit processing and fee structures for energy projects, in compliance with Republic Act No. 11234 or the Energy Virtual One-Stop Shop (EVOSS).
PAGCOR remits P5B in fresh dividends to Treasury
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it remitted P5 billion in additional dividends to the Treasury Friday to increase government funding for the coronavirus disease 2019 (COVID-19) containment effort.
DTI’s Lopez says non-tariff barriers hinder pandemic response
TRADE Secretary Ramon M. Lopez expressed opposition to non-tariff measures across the region that could hinder the movement of essential goods as ASEAN members respond to the pandemic.
Consensus in lease concessions due to COVID-19
By Jerome B. Ching
Almost every part of the country has been, and remains, under community quarantine to help curb the COVID-19 pandemic. Business owners were forced to announce the temporary closure of non-essential establishments such as shopping centers, schools and office buildings, supermarkets, drugstores and other essential businesses which saw changes in operating hours and on-site operations, while food providers such as restaurants were only allowed to provide take away and food delivery services. As a result, commercial tenants found themselves in a dramatic situation where they lost all their revenue overnight while their obligations under their lease agreements continue to apply.
House passes ‘unfundable’ CURES stimulus bill on third reading
The House of Representatives on Friday approved on third reading a measure providing P1.5-trillion for infrastructure projects over three years, intended as a program...
Infrastructure spending goal reduced in 2020, expanded in 2021
The Department of Budget and Management (DBM) said the 2020 infrastructure spending target has been reduced to P833 billion from P989 billion to account...
Senate admits defeat on passing CREATE before break, promises approval by August
The clock ran out on the Senate to approve a measure that will immediately reduce the corporate income tax to 25% from 30%, with...
PHL GDP seen contracting 1.8% under no-second-wave scenario
Moody's Analytics said it expects the Philippine economy to contract 1.8% in 2020, assuming no coronavirus second wave late in the year.
"n our judgment...
NEDA sees poverty-reduction goal still attainable despite pandemic
The government remains on track to hit its target poverty rate of 11% by 2022 despite “temporary” setbacks in poverty-reduction efforts due to the...
PHL recovery seen lagging region due to high new-infection levels
THE Philippine economic recovery is expected to lag the region due to its poor performance in containing the coronavirus outbreak, Oxford Economics said.
In...
Auto sales plunge 66% in March after dealerships shut down
The automobile industry said auto sales by volume fell 66% year-on-year in March after the Luzon lockdown shuttered car dealerships over the second half...
LGUs, pop-up/mobile markets distribute P5.8 billion worth of produce
LOCAL government units (LGUs), farmers' cooperatives and associations, and community leaders bought P5.8 billion worth of farm and fishery products that were included in...