Economy

THE Department of Energy (DoE) is expecting around 6,841 megawatts (MW) of additional capacity this year from power projects due to start operations. Renewables topped the energy projects set for…

By Kenneth Christiane L. Basilio, Reporter LEGISLATORS need to approve pending tax measures before the 19th Congress ends to help the government meet its 2025 revenue collection goals, Revenue Commissioner…

THE Anti-Red Tape Authority (ARTA) has set a target of signing up 200 more local government units (LGUs) for the electronic Business One-Stop Shop (eBOSS) system this year. “As of…

THE Energy Regulatory Commission (ERC) said it is proposing to make the installation of renewable energy certificate (REC) meters voluntary. This was among the amendments the ERC is proposing to…

IN BRIEF: • The CREATE MORE Act signals a renewed commitment to fostering a more attractive and competitive environment aimed at attracting more FDI into the economy. • The Act…

THE value-added tax (VAT) on digital media and advertising is projected to bring the government P102.12 billion in revenue by 2029, a Department of Finance (DoF) official said. “We hope…

THE Philippine Tobacco Institute (PTI) said on Thursday that a pause in raising excise taxes on tobacco could steer consumers away from smuggled cigarettes and stabilize prices of legitimate products.…

THE Bureau of Internal Revenue (BIR) said a tax exemption on secondary trade and transfers of asset-backed securities (ABS) has taken effect. “The sale or transfer of assets to the…

THE Board of Investments (BoI) said it approved a P2.35-billion project of the International Container Terminal Services, Inc. (ICTSI) to modernize, manage, and operate the Visayan Container Terminal in Iloilo.…

BAD WEATHER is expected to disrupt corn production this year after rains forced some farmers to alter their planting schedules, according to the Philippine Maize Federation, Inc. (PhilMaize). “Bad weather,…