Rural utilities told to review compliance with billing rules
RURAL POWER utilities were ordered to review their compliance with regulations governing billing during the lockdown, the industry association said.
ILO upgrades estimate of jobs lost during 2nd qtr
THE International Labor Organization (ILO) said it revised upwards its estimate of work hours lost during the second quarter due to the pandemic to the equivalent of 400 million jobs lost from 305 million, adding that recovery prospects for the second half are clouded.
COVID-19 and its accounting implications
By Ma. Emilita L. Villanueva
The COVID-19 pandemic has resulted in challenges and difficulties previously unknown to economies and businesses worldwide. Travel bans, quarantines and lockdowns have become standard measures implemented by governments. Most businesses, regardless of industry, are losing revenue, experiencing disrupted supply chains and even possibly facing permanent closure. Economies are severely impacted with recession looming large on the horizon.
NEDA pushing for ‘lowest-possible-price’ Internet service
Economic managers have set their sights on lowering the cost of Internet access in the post-pandemic economy while also seeking to minimize online fraud...
Infrastructure program to create 1-M jobs once construction regains momentum
Acting Socio-economic Planning Secretary Karl Kendrick T. Chua said the flagship "Build, Build, Build" program has the potential to create around one million jobs...
ERC orders another refund of excess WESM fees
The Energy Regulatory Commission (ERC) has ordered another refund of excees fees collected at the Wholesale Electricity Spot Market (WESM) in 2016 and 2017.
The...
Nine additional merchants join Agri dep’t online platform
NINE additional merchants joined the Department of Agriculture’s (DA) online selling platform, which the department touted as a milestone in modernizing the supply chain...
Amendments to AMLA needed to avoid gray list, council says
LEGISLATORS should expedite the passage of amendments to the Anti-Money Laundering Act of 2001 (AMLA) to ensure the Philippines avoids the “gray list” of jurisdictions deemed lax on dirty money, the Anti-Money Laundering Council (AMLC) said.
World Bank to act on $300-M loan for Agus-Pulangi rehab next year
THE World Bank said the estimated approval date of the $300-million (around P15 billion) loan to support the Agus-Pulangi Hydropower Complex Rehabilitation Project is Sept. 29, 2021.
Philippine geothermal industry seen becoming world’s fourth largest
THE Philippines is expected to become the fourth-largest global producer of geothermal energy over the next decade, according to a report by Fitch Solutions Country Risk and Industry Research.
Dar lobbies for more resources allocated to agriculture
THE agriculture sector’s budget allocations were “measly” over the last 10 years, and out of all proportion to the industry’s contribution to the economy, Agriculture Secretary William D. Dar said.
New Clark City being evaluated as agri-industrial site
NEW CLARK City in Tarlac is being positioned as a possible center for agri-industrial companies, following a partnership to pursue such initiatives between the Department of Agriculture (DA) and the Bases Conversion and Development Authority (BCDA).