Customs extended accreditation seen easing red tape for importers
THE BUREAU of Customs’ (BoC) recent extension of importer accreditations to three years is expected to lighten the administrative burden on such companies and...
NGCP: Transmission rates unaffected by energy crisis
THE National Grid Corp. of the Philippines (NGCP) said transmission wheeling rates will remain unaffected by the energy crisis, saying the rates are regulated...
Metro Manila wholesale building materials price growth hits two-year high in March
WHOLESALE price growth of construction materials in the National Capital Region (NCR) accelerated to a two-year high in March due to rising production costs...
The SEC’s procedural turn
By Maxencio Rios, Jr.
On Feb. 11, the Securities and Exchange Commission (SEC) issued Memorandum Circular 08-2026, prescribing an updated set of procedural rules to be observed for...
Unsolicited Iloilo International Airport bid rejected
THE P21‑billion unsolicited proposal of Prime Asset Ventures, Inc. (PAVI) to upgrade and operate Iloilo International Airport has been rejected due to deficiencies in...
NFA to offer as much as P30 to buy palay in some areas
THE National Food Authority (NFA) said it increased its buying price for dry palay (unmilled rice) to as much as P30 per kilo in selected areas,...
Pork, corn MAV could rise instead of lowering tariffs
THE Department of Agriculture (DA) said it is studying the possibility of increasing the minimum access volume (MAV) for pork and corn, after President...
Impact of fertilizer crisis seen reflected in food prices by Q3
FOOD PRICES are expected to reflect the impact of the fertilizer crisis as early as the third quarter, via increased costs of the input...
Importer accreditations now valid for three years
THE Bureau of Customs (BoC) said importer accreditations are now valid for three years instead of one, citing the need to improve the ease...
PAGCOR defers fee collection to provide relief to operators
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it suspended the minimum guaranteed fees (MGF) scheme until June 1, citing unfavorable economic conditions.
“In consideration...
PEZA approves P100-million investment in Batangas metal manufacturing plant
THE Philippine Economic Zone Authority (PEZA) said it approved a P100-million investment by metal manufacturer Dream Precision Tech Corp. to set up an export...
UK trade scheme changes seen boosting PHL exports
TRADE with the United Kingdom (UK) is expected to continue growing this year due to enhancements to the UK government’s preferential trading scheme, according...