Bridges fall down the BBB priority list
AT THE PANGUIL Bay Bridge groundbreaking ceremony on Nov. 28, 2018, President Rodrigo R. Duterte trumpeted the coming “seemingly endless roads and bridges” across the archipelago that will be built under his administration’s “Build, Build, Build” (BBB) infrastructure program.
GCQ rules to allow 75% outdoor dining capacity
RESTAURANTS will be allowed to increase capacity in their outdoor dining spaces to 75% and operate indoor areas at 50% capacity under general community quarantine (GCQ), the Department of Trade and Industry (DTI) said.
Biomass projects eligible for FiT estimated at 135 MW
THE National Transmission Corporation (TransCo) said 17 biomass projects with a capacity of 135.13 megawatts (MW) are billing the feed-in tariff allowance (FiT-All) to consumers after their renewable energy payment agreements (REPA) were deemed effective.
FDA told to expedite process for granting permits for domestic vaccine manufacture
THE Food and Drug Administration (FDA) has been set a seven-day deadline to organize a faster permit approval process for vaccine manufacturers, the Anti-Red Tape Authority (ARTA) said.
First-quarter growth gains could be wiped out by COVID surge
GAINS made in the first quarter could be wiped out by the rising COVID-19 case count, further setting back the economic recovery, the Department of Finance (DoF) said.
NGCP found non-compliant on AS reserve levels
THE DEPARTMENT of Energy (DoE) said the National Grid Corp. of the Philippines (NGCP) is not compliant in terms of the required reserve levels procured under firm ancillary services (AS) contracts, noting below-target performance as of the end of 2020.
Redefining Philippine Taxation: CREATE
By Karen Mae L. Calam-Ibañez and Aiza P. Giltendez
Republic Act No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), is said to be the first-ever revenue-eroding tax reform package. The largest economic stimulus program in the country’s history, it provides major amendments to our tax and incentives laws with the goal of helping businesses move into post-pandemic recovery while encouraging foreign investments into the country. The law took effect on April 11, 2021.
DTI to propose P10-B livelihood subsidy for micro businesses
The Trade department said Friday that it is considering making a proposal to establish a livelihood subsidy assistance fund for micro enterprises of at...
Budget reform bill filed in House to deter unfunded mandates
A BILL has been filed in the House of Representatives seeking to better align budget items with national government priorities and to deter proposed...
Energy efficiency incentive rules nearing approval
THE department circular that will set guidelines for endorsing energy efficiency projects to the Board of Investments (BoI) for fiscal incentives is nearing approval,...
Job opportunities seen opening up in Cebu, Iloilo, Davao
Job seekers in Cebu, Iloilo, and Davao are being offered more positions nearer home, according to online employment service JobStreet, which has launched microsites...
No red alerts expected on Luzon grid during dry months
THE DEPARTMENT of Energy (DoE) said Thursday that it does not expect to issue any red alerts on the Luzon grid in the next nine weeks, after releasing an updated power outlook from the transmission company.