THE Department of Trade and Industry (DTI) said it will look into the imposition of safeguard measures on resin products after receiving a claim from JG Summit Petrochemical Corp. (JGSPC) that it has been harmed by unfair competition from imports. According to the application filed by JGSPC, the Philippines has been importing increased quantities of […]
BW FILE PHOTO A RENEWABLE ENERGY contracting program of the Department of Energy (DoE) will soon have its first eligible supplier. The department is set to award in the coming days the first operating permit under the green energy option program (GEOP), one among the government mechanisms to bring clean power access to more electricity […]
PHILIPPINE STAR/KRIZ JOHN ROSALES THE fuel-marking program has generated P126.51 billion so far from duties and taxes on fuel products since the program was launched in September 2019, according to the Department of Finance (DoF). The Bureau of Customs (BoC) collected P107.77 billion worth of duties and taxes as of Sept. 3, according to a […]
PHILSTAR THE parties to a power contracts have the final say in relaxing the terms of their deals and invoking force majeure, the Department of Energy (DoE) said, rejecting calls from consumers for the government to intervene. “While the DoE supports any action that will result in the least-cost power supply to the consumers, we […]
By Clairma T. Mangangey We are increasingly seeing the need for accelerated change in businesses to pave the way for recovery from the COVID-19 pandemic. Digital transformation has become necessary for many to continue operations, and the rules for capital markets are being rewritten as the pandemic’s economic and social impact plays out […]
By Arjay Mercado and Filomeno S. Sta. Ana III CRECENCIO I. CRUZ With marching orders from no less than President Rodrigo Duterte himself, expect Congress to approve the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill. What the final bill or law will be is a different matter. The devil is in […]
By Romeo L. Bernardo PIKISUPERSTAR / FREEPIK I am pleased to share with readers the Executive Summary of the latest quarterly report Christine Tang and I wrote for GlobalSource Partners, a New York-based network of independent analysts, mostly former finance and central bank officials (globalsourcepartners.com). “When we flagged a looming recession back in […]
By Andrew J. Masigan All around us, businesses are closing, millions are losing their jobs, and for the first time in decades, swaths of our population are entering poverty, not escaping it. The Wuhan virus has caused havoc to our economy and around the world. But how bad is the situation exactly? Through […]
JCOMP / FREEPIK By Lionel Laurent FINDING A VACCINE against COVID-19 (coronavirus disease 2019) that works and can be distributed widely enough to help stop the pandemic is a global priority. Given the urgency, governments are doing all they can to fund research and incentivize firms to ramp up trials — pre-ordering doses, lowering regulatory […]
Meralco crews work round-the-clock to ensure safe, adequate, and reliable supply of electricity to the Solaire-PAGCOR Mega Quarantine Facility. The 525-bed center located in Paranaque City, is the biggest quarantine facility in Metro Manila and is one of the additional COVID-19 facilities to serve Metro Manila, Bulacan, and the Calabarzon Region. The said energization project […]