No rate increase from modified renewable tariffs, regulator says

THE Energy Regulatory Commission (ERC) said a component of electricity bills for renewables development will not be affected by its recently-approved adjustment to the feed-in-tariff (FiT) for 2016 to 2020.

Most livestock categories posted gains in output during first quarter — PSA

LIVESTOCK output rose in the first quarter, with producers of chicken, chicken egg, pork, duck and duck egg posting gains while carabao and cattle production declined, according to the Philippine Statistics Authority (PSA).

Senate to consider bill soon granting WFH tax deduction

A BILL due to be filed in the Senate will seek tax deductions for employees working from home (WFH), to compensate them for having to pay more for electricity.

Over 80 schools interested in ‘study now, pay later’ scheme

STATE-RUN Land Bank of the Philippines (LANDBANK) said 83 schools have expressed their interest to participate in its “study now, pay later” lending program.

MWSS says P3.29-B Angat tunnel project now operational

THE Metropolitan Waterworks and Sewerage System (MWSS) said its P3.29-billion Angat Water Transmission Improvement Project (AWTIP) has been commissioned and is ready to complement the agency’s efforts in securing water supply for Metro Manila.

BPO return to office determined by productivity

INTERNET connection quality will determine work-from-home productivity, while data protection needs will influence when outsourcing firms fully return to on-site work, industry officials said.

Energy consumption reporting deadline moved to April 2021 — DoE

THE Department of Energy (DoE) further extended the deadline for establishments to submit their power consumption reports to mid-April 2021.

NIA launches construction of P893-M dam in Nueva Ecija

THE National Irrigation Administration (NIA) said it launched the construction of the P893-million Balbalungao Earthfill Dam in Lupao, Nueva Ecija.

Business registration in the new normal

By Lorenzo V. Matibag
Since the World Health Organization classified COVID-19 as a pandemic on March 11, “the new normal” became the go-to term for describing the new reality. Throughout history, we survived calamities because of our ability to adapt to changing times. With our mobility limited by social distancing protocols, we see a sudden business shift from physical stores to online platforms. Aspiring entrepreneurs taking advantage of new-normal opportunities might ask, “Can I start a new business during the pandemic?”

No more Bayanihan grants to LGUs after low usage rate of 15%

LOCAL GOVERNMENT units (LGUs) have used only P5.5 billion of their one-time grants to support their coronavirus disease 2019 (COVID-19) containment efforts, a Budget official said, adding that no more additional funding will be provided.

Senate to legislate bad loan transfers from banks via separate bill

THE Senate will legislate bank bad loan transfers to asset management companies in a separate bill, rather than as an amendment to the Bayanihan 2 bill, the head of the chamber’s finance committee said Sunday.

CoA rejects P377M worth of tax credits granted to four textile firms

THE Commission on Audit (CoA) rejected P377.29 million worth of tax credits granted to four textile firms by the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS) between 2008 and 2012, according to the Department of Finance (DoF).