NGCP to test automation of transmission grid
THE National Grid Corp. of the Philippines (NGCP) said Monday that it will start testing a central control and monitoring system (CCMS) that will automate parts of the transmission network.
e-signatures for certain tax returns a gift to taxpayers
By Marie Fe F. Dangiwan
The pandemic has highlighted the opportunity to pursue digitalization at all levels. From the point of view of employees working from home, digital transformation is not just relevant but also convenient. Electronic signing of contracts and letters, such as engagement letters, reports, and closure letters, to name a few, are some of the initiatives that P&A Grant Thornton has implemented as it adapts to the new normal in business practices.
COVID surge emboldens backers of third Bayanihan stimulus law
THE SURGE in the coronavirus case count has strengthened the argument for a third stimulus package, which as currently packaged is worth about P420 billion, Marikina City 2nd District Representative Stella Luz A. Quimbo said.
ERC targets April release of green energy option rules
THE Energy Regulatory Commission (ERC) said that it is planning to release the regulatory framework for the green energy option program (GEOP) by late April.
Revenue effort drops to 15.89% in 2020
GOVERNMENT REVENUE as a share of gross domestic product (GDP), an indicator known as revenue effort, fell to 15.89% in 2020 due to the collapse in tax collections during the pandemic, the Department of Finance (DoF) said over the weekend.
Environment dep’t agrees PHL not ready for carbon tax
THE Environment department has concurred with the Department of Energy’s (DoE) position that the Philippines is not ready to implement a carbon tax, noting the need to establish an emissions data reporting system.
PHL rice inventory falls 7.7% at start of Feb.
THE rice inventory fell 7.7% from a year earlier to 2.193 million metric tons (MT) as of Feb. 1, the Philippine Statistics Authority (PSA) said.
VAT refunds during the pandemic
By Joanne P. Lansangan
The COVID-19 pandemic has forced businesses to explore new ways to improve their cash flow. One of the ways is to tap the government for VAT refunds. This recourse is available to taxpayers with unutilized input VAT attributable to zero-rated transactions and is governed by a process which was recently streamlined by the Bureau of Internal Revenue (BIR).
DoE to endorse 75 RE plants for feed-in tariff program
The Department of Energy (DoE) said Friday that 75 renewable energy (RE) plants with capacity of 1,323.01 megawatts (MW) of capacity will be endorsed...
Better rice yields raise farmer income by P7,000 per hectare
RICE farmers earned an additional P7,000 pesos per hectare two years after the implementation of Republic Act No. 11203 or the Rice Tariffication Law,...
Meat industry backs imports from bird flu-free regions of countries reporting outbreaks
MEAT importers are lobbying to allow the entry of poultry imports from regions within a producer country unaffected by highly pathogenic avian influenza (bird...
DoTr, DoE, DA pledge support for agriculture cold storage
By Angelica Y. Yang
The Departments of Agriculture (DA), Energy (DoE) and Transportation (DoTr) have signed an agreement to expand the "Palamigan ng Bayan" program to improve access...