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).
IP authority seeks power to take down social media posts for fake goods
THE intellectual property office is seeking further enforcement powers to order the removal of social media posts selling counterfeit or pirated goods and materials.
New WESM system, Mindanao spot market set for December launch
THE Independent Electricity Market Operator of the Philippines (IEMOP) hopes to launch the upgraded design of the Wholesale Electricity Spot Market (WESM) and the new spot trading floor in Mindanao by December.
Are companies willing to divest after the pandemic?
By Miguel Carlo S. Rancap
In 2019, companies in the Asia Pacific sought to sharpen their focus on capital allocation, which include, among others, carving out non-core businesses or underperforming assets. In fact, the 2019 EY Global Corporate Divestment Study reported that 82% of executives in these companies planned to divest within the next two years. However, in light of the COVID-19 crisis — with governments implementing border closures and lockdowns that have triggered business shocks and disruption — will the appetite for divestment remain high among Asia Pacific companies as they look beyond the crisis?
Philippine non-food and industrial crop production ‘mixed’ in first quarter
PRODUCTION of four major non-food and industrial crops, namely coffee, rubber, sugarcane, and cacao, rose in the first quarter of 2020, while the output...
RCEF farmer training programs to continue despite pandemic
TRAINING programs for farmers under the Rice Competitiveness Enhancement Fund (RCEF) will continue after being redesigned to minimize health risks amid the coronavirus disease...
IPOPHL and PIDS to conduct IP research, policy analysis
The country’s intellectual property office will work with government think tank Philippine Institute for Development Studies (PIDS) on intellectual property research projects and policy...