24 C
Makati City
Thursday, June 22, 2017
The Philippine Economic Zone Authority (Peza) sees investments in Peza-registered enterprises to double or even more than triple in 2017. This, after new investments rose 51 percent year-on-year in the first quarter of 2017. “We’re expecting 200 percent to 300 percent new investments for the year because we already grew 51...
A vice chairman of the House Committee on Appropriations on Thursday urged local government units (LGUs) to maximize the P5.9-billion Early Childhood Care and Development (ECCD) intervention package. Nacionalista Party Rep. Luis Raymund F. Villafuerte Jr. of Camarines Sur said LGUs should expand their respective health, nutrition and water-sanitation programs...
The Energy Regulatory Commission (ERC) has promulgated early this month the rules on electronic billing (e-billing) and communications for electricity consumers. The said rules are meant to offer an alternative means for distribution utilities (DUs) to dispatch bills and other communications to consumers through online platforms. The e-Billing Rules provide that...
Taiwan is courting Filipino business travelers to consider the country as an overseas destination for meetings, incentive travel, conferences and exhibitions (MICE). This is the aim of the Bureau of Foreign Trade in Taiwan, which recently held the Meet Taiwan networking meeting in Manila. Taiwanese MICE industry players, such as travel...
TO ensure electricity consumers pay “fair and reasonable” power rates, the Senate is poised to pass a law compelling the Energy Regulatory Commission (ERC) to open to the public rate-setting deliberations that ERC commissioners usually hold behind closed doors. In filing Senate Bill (SB) 1490, Sen. Sherwin T. Gatchalian also...
A Department of Energy (DOE) official is supporting the National Electrification Administration (NEA) in its plan to expand its authority over power distribution utilities (DUs). Energy Undersecretary Benito Ranque has committed to help NEA’s lobby to Congress to extend the agency’s mandate by including private investors owned utilities (PIOUs) and...
A highly spirited group of individuals from the country’s various regions has issued a manifesto strongly supporting President Duterte’s platform for “genuine reform”, particularly his antipoverty programs, the fight against corruption, illegal drugs and criminality. The Solid Duterte Supporters Group (SDSG), now popularly referred to as the SDSG D’ Originals,...
The National Irrigation Administration (NIA) said its proposed budget for 2018 was slashed by the Department of Budget and Management (DBM) by nearly a quarter,  from P56.95 billion to P45.8 billion. Despite the 24.34-percent cut, NIA’s budget was still 19.36 percent higher than the agency’s allocated funding for this year...
TACLOBAN CITY—Southern Leyte State University (SLSU) became the first academe in the Visayas region that will be involved in monitoring subprojects of World Bank-funded Philippine Rural Development Program (PRDP) being implemented by the Department of Agriculture (DA). A memorandum of understanding (MOU) has been signed between SLSU President Prose Ivy...
The Philippine Travel Agencies Association (PTAA) is confident the country’s tourism industry will regain its growth path once President Duterte decides to lift martial law in Mindanao. At the same time, the group also called for a stakeholders’ meeting to discuss the various issues currently affecting the industry. PTAA President Marlene...
Signaling the lift of the 13-year moratorium on the franchises of new public-utility vehicles (PUVs), the long-delayed modernization program for public transport was launched on Tuesday, with government officials vowing to assist drivers and operators in the planned three-year initiative. Transportation Secretary Arthur P. Tugade, along with other government officials,...
President Duterte is set to officially approve by the end of this month the P285-billion South line of the North-South Railway Project (NSRP) that will provide reliable rail system between Bicol and Manila. After several hitches in the past, and reportedly stricken out of the Department of Transportation’s public- private...
THE National Renewable Energy Board (NREB) has approved the rules on Green Energy Option and Renewable Energy (RE) Trust Fund. “NREB has finalized and approved the Green Energy Option Rules and RE Trust Fund Rules. With this, we will endorse the same to DOE for approval,” NREB Chairman...
The House of Representatives has endorsed for Senate approval a measure seeking to condone the unpaid loan interests secured by farmers, fishermen and agrarian-reform beneficiaries. Party-list Reps. Anthony Bravo and Sabiniano Canama of Coop-Natcco, principal authors of the House Bill 187, said the proposed Agrarian and Agricultural Loan Restructuring and...
The Department of Health (DOH) has raised the alarm over the rising incidence of renal diseases that had steadily gone up in the Filipino population. Data from the Philippine Renal Disease Registry showed that in 2015 there were 18,603 new patients that started dialysis nationwide. By December 2015 there were 32,077...
FREEING up more space in Manila in the shortest possible time requires the government to spend as much as P700 million to rehabilitate the existing airport in Sangley. Transportation Undersecretary  for Aviation Manuel Antonio L. Tamayo said the government has programmed such amount to address the congestion problem of the...
The government can collect some P433 billion in additional revenues, equivalent to 2.7 percent of GDP, by implementing reforms in the Bureau of Internal Revenue’s (BIR) tax policy and administration, according to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick T. Chua said the Duterte administration’s Comprehensive Tax Reform...
Ranking officers of the Bank of Philippine Islands (BPI) and Banco de Oro (BDO) are being summoned to testify on Wednesday before a Senate inquiry into “technical malfunctions” that caused some of their clients to lose money in unauthorized transactions last week. Sen. Francis G. Escudero confirmed over the weekend...
FILIPINO’S consumption of in-home snack food rose up to 13 percent in the total snack category in the Philippines from March 2015 to March 2017, as revealed by Kantar Worldpanel. From P4,524 in 2015, Filipino households spent P4,904 on snack foods in 2017, which refer to biscuits, snacks, instant noodles,...
Philippine-based civil-society organizations (CSOs) on Thursday called on the China-led Asian Infrastructure Investment Bank (AIIB) help address climate crisis, energy poverty and need for development in its Energy Strategy, expected to be released this week during its annual meeting of its Board of Governors in Jeju, South Korea, from...
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