LANDBANK sees 15 listed firms likely qualifying for GUIDE aid
THE Land Bank of the Philippines (LANDBANK) said 15 listed companies “of strategic importance” could qualify for government assistance under a bill authorizing the injection of capital to key companies affected by the pandemic.
Employers express support for law making pensions portable
EMPLOYERS Confederation of the Philippines President Sergio R. Ortiz-Luis, Jr. said he supports a proposal to make pensions transferable as workers change jobs.
Housing agencies seeking up to P130 billion to address backlog in accommodations
THE HOUSING backlog is expected to require up to P130 billion to close the deficit of about six million units, a legislator said at a virtual briefing Wednesday.
ERC soliciting comment on draft wheeling rates, regulatory reset process
THE ENERGY Regulatory Commission (ERC) has asked the energy industry to comment on the draft policies on distribution wheeling rates and the regulatory reset process for the years 2022 to 2026.
DA’s Dar calls corruption in pork MAV process unlikely but starts probe
THE Department of Agriculture (DA) has formed a committee to investigate alleged corruption in the process of certifying that pork imports are within the minimum access volume (MAV) quota, qualifying them to pay lower tariffs, though Agriculture Secretary William D. Dar said the possibility of corruption in issuing the document is “remote.”
Will we finally be free to tax-free?
By Olivia Erika Susa
Every so often, corporations undertake business restructuring with varying business objectives in mind. It could be to optimize or streamline business operations, to expand to other industries, or to form strategic alliances with other corporations. In most cases, these would involve the transfer or exchange of significant property or shares, the taxes related to which become a material consideration to the parties involved.
Nickel prices to come off highs in 2021, Fitch Solutions says
NICKEL PRICES are expected to come off current highs in 2021 as more supply becomes available to the market, but will be underpinned by recovering economies, Fitch Solutions Country Risk and Industry Research said.
ASF state of emergency recommendations to include P1-B indemnity fund
THE GOVERNMENT is awaiting recommendations on measures to be pursued in conjunction with a state of emergency declaration to address African Swine Fever (ASF), which are expected to include a P1-billion fund to indemnify farmers whose hogs have had to be culled.
NEDA says water department to serve as private sector investors’ main gov’t partner
THE Department of Water Resources (DWR) needs to be established to better deal with private-sector investors and to unify the management of more than 30 agencies involved in water resources, an economic planner said.
Overlapping regulation seen dampening growth in water sector
THE Philippine Institute for Development Studies (PIDS) said overlapping and sometimes conflicting regulation of the water sector is holding back the industry’s growth.
Food security strategy to consider imports a ‘last resort’ measure
THE food security strategy for 2021 will involve addressing local shortages and surpluses by transporting commodities across regions, and diversifying staple foods, the Department of Agriculture (DA) said, with imports to be shipped in as a last resort.
UN notes regional regression in achieving sustainable dev’t goals
SOUTHEAST ASIA is regressing in its effort to meet its sustainable development goals (SDGs) relating to climate action, ocean health, and ensuring peace and justice, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).