ERC outlines inspection procedure for meters, instrument transformers
THE ENERGY Regulatory Commission (ERC) detailed on Wednesday the inspection process for meters and instrument transformers to be used in the power system in a package of rules on device certification issued last week.
Institutional investors seen abandoning fossil fuel
INSTITUTIONAL INVESTORS are abandoning fossil fuel companies in favor of renewables, driven in part by the perception of improving renewable energy (RE) returns as technologies improve, according to a study of publicly-traded RE companies in developing markets.
IPOPHL head chairs ASEAN working group harmonizing IP rules
THE PHILIPPINE intellectual property (IP) office has taken on the chairmanship of an ASEAN IP group developing unified regional trademark, patent, and industrial design systems.
Embracing a new operating reality for corporate reporting
By Aris C. Malantic
In the face of COVID-19, finance leaders find themselves having to strike a difficult balance in delivering corporate reporting. On one hand, they must respond to the pandemic with resilience and transparency; on the other hand, they must also generate long-term, sustainable value for stakeholders that focuses not only on financial outcomes but also on environmental and social impact.
Gov’t, Manila Water sign revised water contract
AYALA-CONTROLLED Manila Water Co., Inc. signed a revised water concession contract with the government on Wednesday, Justice Secretary Menardo I. Guevarra said.
“The Board Chairman/Acting...
Further rate cut seen needed in second half if economic recovery stalls
A SLOWER economic recovery resulting from the return to restrictive lockdowns could drive the Bangko Sentral ng Pilipinas (BSP) to cut policy rates once more in the second half, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said Wednesday.
DTI seeks June trade deal signing with South Korea to ensure treaty approved before...
THE Department of Trade and Industry (DTI) is pushing for a June conclusion to negotiations for a free trade agreement with South Korea, which would give the Philippines sufficient time to complete its domestic approval process before national elections next year.
Hog repopulation to start in 8 ASF-affected regions
THE GOVERNMENT will roll out its program to restore hog numbers in eight regions, including parts of the country where African Swine Fever (ASF) has been dormant for at least 90 days, as well as in areas that reported no cases but which are adjacent to infected zones.
CoA rejects more tax incentives granted to textile firms
THE Commission on Audit (CoA) rejected another P376.6 million worth of tax incentives illegally granted to six textile firms by the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS) between 2008 and 2014, the Department of Finance (DoF) said.
Impact of Suez Canal blockage seen mainly in Asia-Europe trade goods, shipping costs
THE PHILIPPINES will feel the impact of the disruption of operations at the Suez Canal via the delayed flow of trade goods between Asia and Europe, as well as indirect consequences like higher shipping costs in the wake of the stranding of hundreds of merchant vessels during the weeklong blockage, analysts said.
IPOPHL to move mediation services online in April
THE intellectual property office said it will migrate most of its mediation services online starting in April to facilitate rulings on cases involving in cross-border intellectual property (IP) disputes.
LinkedIn to offer skills-development courses with Microsoft
PROFESSIONAL NETWORKING site LinkedIn Corp. said it entered into a partnership with Microsoft Corp. to offer free courses and affordable certifications to boost participants’ employability in what it characterized as a “skills-based economy.”