MANILA, Philippines — The Department of Energy (DOE) is coming out with rules to ensure the right-of-way (ROW) of the country’s power lines to provide an uninterrupted supply of electricity from power plants to consumers. The agency is seeking input from stakeholders on its draft implementing rules and regulations of Republic Act 11361 or the […]
Read MoreMANILA, Philippines — Filipinos spent more during 2019’s “11.11” shopping bonanza compared to the previous year, and they may shell out more cash on discounted items for the “12.12” sale amid robust demand ahead of Christmas day. Data compiled by online shopping aggregator iPrice Group showed that Filipino consumers spent an average of P1,217 on this […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has not totally closed the door on another interest rate cut before the end of the year as inflation likely bottomed out last month. BSP Governor Benjamin Diokno told reporters on the sidelines of the Financial Education Stakeholders Expo another rate cut is still possible during […]
Read MoreMANILA, Philippines — The national government’s fiscal gap narrowed in October as the growth in state revenues outpaced the increase in disbursements, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the BTr, the government’s budget deficit declined by 17.71 percent to P49.3 billion in October from P59.9 […]
Read MoreMANILA, Philippines — The Philippines and South Korea, which aimed to sign a free trade agreement (FTA) this month, are looking to conclude talks next year, with negotiations on a deadlock. With the leaders of the two states set to meet this week for the Association of Southeast Asian Nations (ASEAN) – Republic of Korea Commemorative Summit, […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) is undertaking a review of investment requirements under the Motor Vehicle Development Program (MVDP) as part of efforts to encourage more companies to invest in vehicle assembly operations in the country. BOI executive director Corazon Dichosa said that as part of the review of the MVDP, the agency […]
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