THE Department of Energy (DoE) said it estimated the number of remote areas ripe for microgrid investments at over 200 underserved and unserved locations. “The are over 200 areas that need microgrid system developers,” Energy Undersecretary Rowena Cristina L. Guevara said in her keynote speech during Microgrid System Provider (MGSP) Investor Forum on Tuesday. “These […]
PHILIPPINE STAR/ RUSSELL PALMA PRICE GROWTH of wholesale goods slowed further to a five-year low of 2.5% in 2024 due to a slowdown in food price growth, the Philippines Statistics Authority (PSA) reported on Tuesday. The general wholesale price index (GWPI) eased from the 4.9% increase in 2023, the PSA said, citing preliminary data. The […]
Imagine a world where the rules of the game are crystal clear. In December, the Bureau of Internal Revenue (BIR) took a huge step to clarify the tax treatment of the Philippine Amusement and Gaming Corp. (PAGCOR), including its Contractees and Licensees, when it issued Revenue Memorandum Circular (RMC) No. 132-2024. Building on past issuances […]
PHILIPPINE COAST GUARD PHOTO THE Philippine Coast Guard (PCG) on Tuesday night said it had sent its biggest ship — the 97-meter BRP Teresa Magbanua — to monitor Chinese vessels near the coast of Zambales province in the country’s north. In a statement, the PCG said Teresa Magbanua replaced the 44-meter vessel BRP Cabra, which […]
PHILIPPINE STAR/RUSSELL PALMA SPEAKER Ferdinand Martin G. Romualdez on Wednesday ordered the House of Representatives to fast-track hearings on a proposed legislated wage hike, which has been stalled at the labor committee for eight months. The House will likely settle for a P200 wage hike, seen as a middle ground between the P150 and P750 […]
PHILSTAR FILE PHOTO By John Victor D. Ordoñez, Reporter THE PHILIPPINE Senate on Tuesday evening approved on second reading a bill that seeks to set up a five-tier margin-based royalty and windfall profit system for the mining industry, which is expected to raise the government’s share in mining profits. Under Senate Bill No. 2826, a […]
SVKLIMKIN -PIXABAY A MEASURE setting an alternating tax scheme on tobacco products up to 2035 to curb smuggling and illicit tobacco trade has been approved on second reading in the House of Representatives. In a voice vote, lawmakers approved House Bill (HB) No. 11360, which will amend the National Internal Revenue Code, imposing a 2% […]
PHILIPPINE COAST GUARD PHOTO By John Victor D. Ordoñez, Reporter MANILA must continue building its ties with other countries in the international community as Beijing is expected to continue its aggressive maneuvers in the South China Sea this year, foreign affairs and security analysts said. “The Philippines must continue to push for a rules-based order […]
THE Philippine Economic Zone Authority (PEZA) tapped the Chamber of Commerce and Industry Australia Philippines, Inc. (CCIAP) as its investment promotion partner. With PEZA signing a memorandum of understanding with CCIAP on Jan. 24, CCIAP outlined possible collaborations and investment opportunities in a sustainable circular economy. Among these are research and development in partnership with […]
K-12 STUDENTS at a high school in Marikina City during their in-person graduation ceremony on July 2, 2022. — PHILIPPINE STAR/ WALTER BOLLOZOS A LABOR leader called for stronger collaboration between industry and education sectors in the Philippines to bridge the skills gap and improve the employability of K-12 graduates, urging stakeholder consultation, international partnerships, […]