29 C
Makati City
Friday, January 20, 2017
The Department of Energy (DOE) has formally declared the start of Wholesale Electricity Spot Market (WESM) operation in Mindanao by June this year. In a draft circular, the agency “declares the launch of the WESM in Mindanao grid on June 26, 2017.” Established under the Electric Power Industry Reform Act of...
More expensive masonry and plumbing materials raised the average retail prices of construction materials in Metro Manila last year, according to the Philippine Statistics Authority (PSA). The annual average growth of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) increased 1.3 percent in 2016, from...
The President and the country’s top businessmen found common ground on the various economic issues affecting the country during a dinner meeting on Tuesday night. In a briefing on Wednesday, Presidential Spokesman Ernesto C. Abella said the President’s meeting was arranged by Presidential Consultant for Entrepreneurship Jose Ma. Concepcion, who...
IF the national government intends to improve security in the country, it cannot only focus on solving and preventing crimes, according to a study of the AIM Rizalino S. Navarro Policy Center for Competitiveness. In the study titled “Reassessing Fear of Crime: The Role of Broad Insecurities”, the AIM Policy...
Market prices in the Wholesale Electricity Spot Market (WESM) went down to P2.28 per kilowatt-hour (kWh) for the December 2016 billing period, the lowest since January 2011. Philippine Electricity Market Corp. (PEMC) said on Tuesday that, for the December 2016 billing period, coal accounts 45.5 percent of the electricity generated...
The leadership of the House of Representatives is looking for more tax administrative measures to recover the foregone revenue from the proposed lowering of personal income-tax (PIT) rates. In an interview, House Committee on Ways and Means and PDP-Laban Rep. Dakila Carlo Cua of Quirino said these tax administrative measures...
The leader of the House of Representatives urged President Duterte on Tuesday to complete the appointment list of the 25-member constitutional commission (Con-com). “The President has already signed the executive order creating the constitutional commission. The only thing that we’re waiting for is the completion of its members,” Speaker Pantaleon...
THE Makati City local government has allocated P11.2 million for programs for the benefit of the city’s persons with disabilities (PWD). Of the total PWD budget under the Makati Social Welfare Department (MSWD), P5.9 million has been allocated for the provision of free mobility aids and P4 million for free...
The government’s plan to end endo, or contractualization, could lead to layoffs and greater inequality in the country, according to a study released by the Philippine Institute for Development Studies (PIDS). In a study, titled “Beware of the End Contractualization! Battle Cry,” PIDS research fellows Vicente B. Paqueo and Aniceto...
The Premium Airport Bus Express launched on Monday its newest terminal at Robinsons Place Manila to further provide an alternative mode of public transportation and ease traffic congestion in roads leading to the Ninoy Aquino International Airport (Naia). The Ultimate Bus Experience (UBE) Express hub at Robinsons Place Manila seeks...
The leadership of the House of Representatives remains unreceptive to the proposal imposing excise tax on petroleum products. Speaker Pantaleon D. Alvarez, in a radio interview, said the Bureau of Internal Revenue (BIR) should improve its tax-collection efficiency measures to cover up for the foregone revenues from the plan lowering...
The country’s leading economists, former finance secretaries and heads of the National Economic and Development Authority (Neda), strongly support and are pushing for the approval of the Tax Reform for Acceleration and Inclusion (Train) bill, a legislation of fiscal reforms for the government’s vision of inclusive growth, now awaiting...
DAVAO City—Finance Secretary Carlos G. Dominguez III said the Philippines received nearly P1 trillion in official development assistance (ODA) in only the first seven months of the term of President Duterte. “And I am speaking of the assistance from only two countries, China and Japan,” Dominguez told reporters during a...
The leaders of House of Representatives and the Senate will meet first before approving controversial measures filed in the 17th Congress, according to House majority leader Rodolfo Fariñas. Fariñas said the proposed tax-reform package, bills on the revival of the death penalty and anticrime measures and the proposed Charter change...
A new shipping route between the Philippines and Indonesia will be opened next quarter to trim down the time of transporting goods between the two countries by more than 90 percent. Transportation Secretary Arthur P. Tugade said the Davao City-General Santos-Bitung, Indonesia route will be opened on April 28. It...
Following the approval of P1,000 increase for pensioners of the Social Security System (SSS), lawmakers on Thursday backed the plan of the pension agency to increase members’ monthly contributions. Party-list Rep. Rodel M. Batocabe of Ako Bicol and Nationalist People’s Coalition Rep. Rodolfo T. Albano III of Isabela said increasing...
A proposed underwater theme park in Palawan, considered as the country’s last ecological frontier, is facing stiff opposition from ecology groups and possible rejection by the Department of Environment and Natural Resources (DENR), notwithstanding the proponents’ insistence that the project aims to advocate ocean protection and coral- reef conservation. Environment...
Taxpayers in Makati have expressed satisfaction with the fast and convenient processing of tax payments and renewal of business permits at the city hall beginning this month, with the implementation of certain innovations by the current administration. Among the innovations are the strategic positioning of all concerned frontline offices at...
The Philippine Economic Zone Authority (Peza) is grooming Mindanao as a premier investment destination of Middle Eastern countries via an investment road show to that oil-rich region next month. The road show will also serve as a precursor to a major investment- promotion tour-cum-state visit of President Duterte there in...
The country’s renewed ties with China and newfound trade partner Russia are seen boosting the Philippines’s export and import performance this year, according to the National Economic and Development Authority (Neda). Socioeconomic Planning Secretary Ernesto M. Pernia told reporters increased trade with China and Russia will allow the country’s exports...