ASF calamity to free up funds for farmer compensation, testing
AGRICULTURE Secretary William D. Dar said the declaration of a state of calamity following the African Swine Fever (ASF) outbreak will free up emergency funding to compensate affected farmers and pay for rapid testing and disinfection.
Special industry fund among proposals to amend Agri-Agra law
PROPOSED amendments to a law regulating lending to farmers should include a special fund to be seeded with an initial P10 billion to help develop the agriculture and fisheries sector, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
DTI’s Lopez tells oxygen industry to prepare for demand surge
THE oxygen industry can currently produce more than the market needs, but must be prepared to ramp up manufacturing by up 50% in case the coronavirus case count surges, Trade Secretary Ramon M. Lopez said.
Greenergy unit won’t renew deal with Chinese solar company
LISTED Greenergy Holdings, Inc. said its wholly-owned unit has discontinued its distribution agreement with China solar panel maker Hanergy Thin Film Power Asia Pacific Ltd.
Energy dep’t signs agreement with Japanese firm to update oil contingency plan
THE Department of Energy (DoE) has signed a memorandum of agreement with a Japanese company to update the Philippines’ oil contingency plan and propose measures that will lead to the establishment of a strategic petroleum reserve.
Bicameral report on land title measure approved by both chambers
THE bicameral report of the proposed law that eases the confirmation process in obtaining deeds to land has been approved by both houses of Congress.
House panel approves bill setting up atomic commission
THE HOUSE Committee on Appropriations approved a measure that will establish a Philippine Atomic Regulatory Commission (PARC).
BoC generates P287 million in additional revenue from Q1 audits
THE Bureau of Customs (BoC) collected P287 million in additional customs duties and taxes in the first three months of the year from post-clearance audits.
EV regulation bill clears three committees in House
A BILL proposing to regulate electric vehicles (EV) hurdled three House committees on Wednesday.
DoLE seeking P178 million a year to pay for OFW hospital staff
THE Department of Labor and Employment (DoLE) is asking for over P178 million a year from the Department of Budget and Management to staff the hospital for overseas Filipino workers (OFWs).
Give me some (tax) credit
By Milette Zapanta
While I consider myself a novice to the complexities of international taxation, I can, however, say this much: the tax world is changing at a more rapid pace than before.
Tugade sees major progress in privatization of Bohol-Panglao
TRANSPORTATION Secretary Arthur P. Tugade said Tuesday he hopes to see significant progress in the privatization of the Bohol-Panglao International Airport and the Davao International Airport by June and July, respectively.