SC finds ERC neglected to act on WESM operator’s market fee application
THE Supreme Court (SC) said the Energy Regulatory Commission (ERC) failed to act on the Independent Electricity Market Operator of the Philippines’ (IEMOP) application to set market fees for 2021.
Maynilad says waste reduction from modernization sufficient to supply over 4.3 million people
MAYNILAD Water Services, Inc. said its modernization programs since 2007 helped reduce waste of 838 million liters of water per day (MLD), equivalent to the water needs of some 4.3 million people.
Appealing a decision: Remedies for taxpayers at the FDDA stage
By Jesson A. Doria
As taxpayers may know, all field audit and other field operations of the Bureau of Internal Revenue (BIR) covered by Letters of Authority relative to the examination and verification of taxpayers’ books of account, records, and other transactions, have been suspended until further notice, except for cases prescribing on or before Oct. 31, 2022, and for other situations described in BIR Revenue Memorandum Circular (RMC) 77-2022.
PEZA sees 6-7% investment growth goal remaining within reach this year
THE Philippine Economic Zone Authority (PEZA) said it considers a downgraded investment growth target for 2022 of 6-7% to be within reach after investment approvals declined sharply in the first six months.
Norway says RE investment to hinge on PHL openness to foreign equity
NORWAY’s ambassador said the Philippines is a potential destination for Norwegian businesses, but their interest in renewable projects here will depend on the industry’s openness to foreign investment.
Balisacan says PHL must identify sources of vulnerability to geopolitical risk
THE government’s chief economic planner said the Philippines must minimize its exposure in case the geopolitical situation deteriorates, with analysts citing the potential of the China-Taiwan standoff to escalate.
New BCDA president is first woman head
THE new president of the Bases Conversion and Development Authority (BCDA) is a career official in the agency and the first woman to head it, the BCDA said in a statement on Sunday.
PHL posts 43.2% jump in deaths in 2021; births decline 10.7%
REGISTERED deaths rose 43.2% year on year to 879,429 in 2021, the second year of the pandemic, while births declined 10.7% to 1,364,739, the Philippine Statistics Authority (PSA) said.
Institutional population declines 9.7% in May
THE Philippines’ “institutional population” — which includes the incarcerated, members of religious communities, and residents of dormitories — declined 9.7% as of the end of May to 366,202, equivalent to 0.3% of the overall population, according to preliminary data from the Philippine Statistics Authority.
Consumer values in a world in crisis
By Maria Kathrina S. Macaisa-Peña
Consumers around the world are settling into life amid uncertainty, adapting by assigning greater importance to taking control over their finances and favoring sustainable practices.
Jobs rise, unions dip in 2020 — PSA
Employment in enterprises employing at least 20 workers rose as of June 2020, while unionized establishments decreased, the Philippine Statistics Authority reported on Friday.
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Fitch Solutions raises 2022 PHL GDP forecast to 6.6%
FITCH SOLUTIONS Country Risk and Industry Research said it raised its 2022 gross domestic product (GDP) growth forecast for the Philippines to 6.6%, citing its better-than-expected economic performance in the first half.