DoE planning to include LGUs in one-stop shop for energy projects
THE PHILIPPINES’ Energy Virtual One-Stop Shop (EVOSS) will eventually include local government units (LGUs) in order to address delays in project approvals, the Energy...
Gov’t urged to extend pandemic-era tax cuts by another two years
THE MARCOS administration is being urged to extend by another two years the pandemic-era tax cuts for businesses, which are set to expire on Friday.
BSP exec touts hedging facility’s peso support
A HEDGING FACILITY put in place by the central bank to help support the peso has helped the currency recover in recent days, with an analyst noting that the unit may strengthen closer to P53 versus the dollar next month.
BIR streamlines registration of new businesses
THE Bureau of Internal Revenue (BIR) is streamlining the process for registering a new business, by removing the mayor’s permit as one of the requirements.
Palace creates body to probe flood control, infrastructure anomalies
Malacañang on Thursday issued Executive Order (EO) No. 94 establishing the Independent Commission for Infrastructure (ICI), as the government probes irregularities in flood control and other public works projects.
Senate approves Bayanihan II on final reading
THE Senate on Tuesday approved on third and final reading a measure touted as part of the government’s economic recovery plan.
Property sector outlook remains dim as shoppers stay away from malls
LISTED PROPERTY companies may continue to see double-digit profit drops for the remainder of the year, as consumers continue to stay away from shopping malls amid the rise in the number of coronavirus infections.
Gov’t agencies urged to review budget proposals
THE DEPARTMENT of Budget and Management (DBM) on Monday urged government agencies to review their budget proposals for 2023, amid limited fiscal space.
China joint venture qualifies for P142-B PNR railway project
A CHINESE joint venture has qualified for a P141.79-billion contract for the design and construction of a 380-kilometer railway in the Bicol Region in central Philippines, according to the Transportation department.
Philippine exports jump in February as global demand picks up
By Lourdes O. Pilar, Researcher
The country's trade-in-goods deficit narrowed in February as exports grew by its fastest pace in six months on stronger demand,...
Philippines could be at risk of US sanctions for North Korea trade
THE PHILIPPINES runs the risk of courting US trade sanctions for “doing business” with North Korea and the government is concerned enough to study...
Reorganization of leadership at DICT under way
A REORGANIZATION of senior officials is under way at the Department of Information and Communications Technology (DICT), said newly appointed Secretary Gregorio B. Honasan II, who assumed office on Tuesday.