Measure proposes IP exemption from registry fees
A HOUSE committee has approved a measure that will establish a free and inclusive civil registry process for indigenous people (IP).
NGCP to charge 14% interest for defaulting clients
THE National Grid Corp. of the Philippines (NGCP) said has set the interest rate for defaulting customers at 14% for the second quarter.
PHL to export okra to South Korea soon
THE PHILIPPINES will soon start exporting okra to South Korea after the completion of requirements for shipping the commodity set by both countries, according to the Department of Agriculture (DA).
CREATE: Questions left unanswered
By Junaleen M. Magno
Being in the public practice for almost seven years now, I can say that this years’ tax filing season has been one of the busiest and most dreadful. Due to the pandemic, government-imposed community quarantines, and the signing of the CREATE Law, it has indeed been a rollercoaster ride.
DBM still working on how to fund third stimulus package
THE DEPARTMENT of Budget and Management (DBM) said it is still seeking to identify funding sources for the third economic stimulus package, proposed at P405 billion, as the legislation goes before the House appropriations committee this week.
Senate still studying need for Bayanihan III
The SENATE is still consulting government agencies and the private sector on the need for a third stimulus package for the coronavirus pandemic, which the House of Representatives is pushing aggressively for.
GOCC subsidies in March drop 68% to P3.838 billion
BUDGETARY SUPPORT provided to government-owned and -controlled corporations (GOCCs) declined 68% year on year to P3.838 billion in March, the Bureau of the Treasury (BTr) said.
BoC seizes counterfeit clothing, smuggled meat worth P316M
THE Bureau of Customs (BoC) confiscated on Friday P316 million worth of smuggled counterfeit-branded clothing and meat.
Asian Dev’t Bank drops coal investments, may support more natural gas projects
THE Asian Development Bank (ADB) said in its first energy policy draft that it will not be funding new coal-fired plants but will consider investing in eligible natural gas projects.
DTI agency seeking to quantify value of design industry
THE Design Center of the Philippines is planning a survey this year which will seek to quantify the design community’s contributions to the economy, a Trade department official said.
Pasig City sets up investment office
PASIG CITY said it has issued an ordinance creating an economic development and investment office to drive business development and help the city recover from the economic downturn.
Prioritizing the integrity agenda in times of uncertainty
By Roderick M. Vega and Dennis F. Antonio
Pressure from the COVID-19 pandemic on emerging market economies continues to impede business growth.