FIRB targets May 17 to pass CREATE IRR
THE FISCAL Incentives Review Board (FIRB) aims to sign by May 17 the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, the Department of Finance (DoF) said Sunday.
Further amendments to charter needed, legislator says
MORE AMENDMENTS to the 1987 Constitution could still be needed beyond the economic measures certified as urgent by President Rodrigo R. Duterte, a senior legislator said.
Senate bill seeking to impose net neutrality on internet industry
A BILL has been filed in the Senate seeking to impose net neutrality on the internet industry, to create a “level playing field” for all content sources.
Hydrogen power touted for emissions-reducing potential
THE ECONOMIC Research Institute for ASEAN and East Asia (ERIA) said Southeast Asia stands to benefit from hydrogen, which it said holds the potential for helping countries hit their net zero emissions targets within 30 years.
Redefining Philippine Taxation: CREATE
By Karen Mae L. Calam and Aiza P. Giltendez
Said to be the first-ever revenue-eroding tax reform package and the largest economic stimulus program in the country’s history, Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act was signed by the President on March 26. It amends our tax and incentives laws with the goal of helping businesses move into their post-pandemic recovery while encouraging foreign investment.
NGCP asks authorities to look into projected Luzon power supply shortage
THE National Grid Corp. of the Philippines (NGCP) has asked authorities to look into an expected power supply shortage in the Luzon grid, citing...
DTI says gov’t must offer perks to encourage local manufacturing of vaccines
FIRMS considering domestic vaccine manufacturing will need faster processing and government procurement priority, the Department of Trade and Industry (DTI) said.
DTI Secretary Ramon M....
Manila Water’s revised water contract with gov’t marks ‘new chapter’
AN OFFICIAL from listed Manila Water Co., Inc. said on Friday its revised concession agreement (CA) with the government is an important milestone for...
Senator asks Energy dep’t to explain sale of Chevron’s Malampaya stake to Udenna
A SENATOR on Friday asked the Energy department to explain its decision allowing the transfer of the 45% stake of Chevron Philippines, Inc. in...
NEDA sees hog industry surviving import competition
THE PROPOSED increase in pork imports is not expected to “kill” the hog industry, the National Economic and Development Authority (NEDA) said.
Energy dep’t welcomes US investment in renewables, nuclear
ENERGY Secretary Alfonso G. Cusi invited US companies Thursday to invest in the Philippine energy sector, particularly in renewables and nuclear power, as the country strives to make its power sources more reliable and sustainable.
PHL to hire 4,754 additional contact tracers for NCR
THE GOVERNMENT plans to hire an additional 4,754 contact tracers in Metro Manila to help meet the goal of tracking down potentially exposed persons within 24 hours, according to the Department of the Interior and Local Government (DILG).