Port regulator caps time to decide on proposals
THE PHILIPPINE PORTS AUTHORITY (PPA) is limiting the time to decide on unsolicited proposals from private groups seeking to develop local ports.
Gov’t finalizing rules for renewable energy suppliers in option program
THE DEPARTMENT of Energy (DoE) targets to finalize in about two months a circular that will set the guidelines for the issuance of operating permits for renewable energy suppliers under the agency’s green energy option program (GEOP).
Gov’t pushes POGO hubs
THE GOVERNMENT is wielding another tool in its bid to better regulate Philippine offshore gaming operators (POGOs) — which are estimated to be costing the state an estimated P22.5 billion annually in foregone revenues due to untaxed foreign workers — encouraging such establishments to locate in hubs, the industry’s regulator said on Friday.
Duterte sets massive Customs cleansing
PRESIDENT Rodrigo R. Duterte on Thursday said that he will be axing 64 ranking officials of the Bureau of Customs (BoC) due to their involvement in corruption.
Automobile sales recover in June, first semester
CAR SALES recovered to post year-on-year increases both in June and last semester, according to data jointly released to media on Thursday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Departments, agencies consolidate rules governing foreign workers
FIVE DEPARTMENTS and four agencies have moved “to harmonize the regulations and policy guidelines governing the issuance of... documents to foreign nationals intending to work in the Philippines” that are currently provided under various laws.
Trade-in-goods gap narrows in May
THE COUNTRY’s trade-in-goods deficit narrowed in May as a slight export growth steadied while imports contracted, the Philippine Statistics Authority (PSA) reported on Wednesday.
FDI net inflows drop for second consecutive month in April — BSP
FOREIGN direct investment (FDI) inflows fell year-on-year on a net basis for the second straight month in April -- which nevertheless posted the biggest net inflow in nearly a year -- due to a significant cut in equity inflows that offset increases in reinvested earnings and intercompany lending, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
BoI OK’s 27% more investment pledges
THE BOARD of Investments (BoI) approved 27.4% more committed investments last semester from a year ago, fueled especially by power projects, the agency said in a press release on Wednesday.
Traffic crisis measure filed anew in the Senate
A MEASURE that will give President Rodrigo R. Duterte “emergency powers” to address worsening traffic and congestion in key cities for up to two years has been filed anew in the Senate.
Gov’t sets second round of mining audit
THE GOVERNMENT will start towards the end of this month the second round of its audit of the mining industry in order to ensure operations do not harm the environment and benefit host communities, the Finance department said on Monday, adding that it expects the review “to be completed by January next year.”
Senate chief seeks to hike state’s take from miners
A MEASURE increasing the government’s take from mining revenues, which forms part of the Duterte administration’s comprehensive tax reform program, has been filed anew in the Senate.