DoF sees PPP Code driving investment in water infra
THE Department of Finance (DoF) said it expects investments in water projects to be amply incentivized by the recently signed Public-Private Partnership (PPP) Code.
“The...
NIA funding for new irrigation systems set at up to P40 billion
THE National Irrigation Administration (NIA) said it earmarked up to P40 billion for new irrigation projects this year.
“There will be P35 billion to P40...
Green-lane certificates issued for P244 billion worth of RE projects
THE Board of Investments (BoI) has issued green-lane certificates to six renewable energy (RE) projects which cost a combined P244.26 billion, the investment promotion...
House bill seeks to regulate vegetable farmgate prices
A BILL seeking to give the Department of Agriculture (DA) the authority to regulate farmgate prices for highly perishable vegetables has been filed in...
Ground broken on EDSA busway concourse
THE Department of Transportation (DoTr) broke ground on the EDSA Busway Concourse, signaling the start of the construction of the project in partnership with...
Shipping industry modernization plan sets ‘retirement age’ for older ships
THE Maritime Industry Authority (Marina) said its shipping modernization plan will limit the service life of vessels to 30 years at most, to ensure...
Industrial parks expected to benefit from pledges secured during President’s trips
PROPERTY consultant Colliers projected greater take-up of industrial space and warehouses once investment pledges made during President Ferdinand R. Marcos, Jr.’s overseas trips materialize.
Joey...
DBM releasing P456M for RCEF in Q1
THE Department of Budget and Management (DBM) said it approved the release of P455.59 million for the Rice Competitiveness Enhancement Fund (RCEF) in the...
Accelerated drug approval process, ‘pharmazones’ announced by FDA
THE GOVERNMENT will streamline the process for approving drug applications, which will complement plans to establish so-called “pharmaceutical economic zones or pharmazones, the Food...
Gradual cuts to PIFITA tax on interest removed
THE Department of Finance (DoF) said on Monday that its revised proposal to simplify tax rates for passive income and financial intermediaries include keeping...
Drought warning raised for provinces producing close to 50% of PHL rice
DROUGHT induced by El Niño is expected to hit five major rice-growing provinces that accounted for nearly half of the country’s rice output in...
Bill seeking to ban POGOs clears House gaming committee
A HOUSE of Representatives committee approved a bill that seeks to ban and declare illegal Philippine Offshore Gaming Operators (POGOs), alleging that the gaming...