A KEY legislator has proposed that the government implement austerity measures in order to afford the third stimulus package, with economic managers still scrambling to identify funds for a measure that would become the third Bayanihan law if passed.

THE DEPARTMENT of Agriculture (DA) said the flow of agricultural produce to Metro Manila will continue even with hog raisers threatening to declare a so-called “food holiday” to protest inadequate government help in addressing the African Swine Fever (ASF) outbreak and plans to import more pork.

LOCAL GOVERNMENT UNITS (LGUs) need to collaborate more with local water districts for the effective use of additional funds to be released via the implementation of the Supreme Court’s Mandanas ruling next year.

THE Asian Development Bank (ADB) said Tuesday that it will raise its investment allocation for climate change adaptation and resilience projects in developing countries.

Recently, the Bureau of Internal Revenue (BIR) released its tax campaign jingle “Para sa Pilipino” with the following lyrics:

PROGRESS on the takeover of the Hanjin shipyard in Subic is expected within the next two months, Australian Ambassador to the Philippines Steven J. Robinson said.

MAYNILAD WATER Services, Inc., the supplier for Metro Manila’s west zone, has agreed to renegotiated concession terms similar to those accepted by Manila Water Co., Inc., Justice Secretary Menardo I. Guevarra said.

DISRUPTIONS to working arrangements are beginning to flow on to the Philippine property market, where guest workers in particular generate strong office and home sales, according to Maybank Kim Eng. 

THE ENERGY Regulatory Commission (ERC) has ordered a halt to the collection of interest on delayed feed-in tariff (FiT) revenue from the National Transmission Corp., citing the need to provide relief to power users.

THE PHILIPPINES is inching towards joining the Inclusive Framework on Base Erosion and Profit Shifting, an international standard that deters transnational companies from exploiting differences in national rules to minimize their tax exposure, the Department of Finance said.

THE DEPARTMENT of Energy (DoE) said proposals to review the charter of the Philippine National Oil Company (PNOC) should expand the PNOC’s role in the country’s petroleum projects.

THE BOARD of Investments (BoI) said it is touting the electronics and outsourcing sectors to potential investors from Europe.