ECCP at Work

BIR chief highlights fair, simple tax administration at ECCP forum 

“Businesses can operate under demanding rules. What is much harder is operating under uncertain rules, inconsistent interpretations, or unpredictable processes,” said BIR Commissioner Mendoza.

[VIDEO] DOE eyes coal blending facility to cut reliance on Indonesia 

Energy Secretary Sharon Garin says the Department of Energy is exploring a coal blending facility to diversify coal imports and increase the use of locally produced coal

DOE set to issue coal transition policy

The Department of Energy (DOE) will soon come up with a coal transition policy to manage the shift toward renewable energy (RE) while prioritizing energy security and avoiding power brownouts.

Peso may sink to new lows on inflation woes, Fed hike view

On Friday, the local unit fell to a new historic low as it breached the P62-a-dollar level for the first time after Middle East war woes and expectations for the Jackson Hole symposium buoyed the greenback. 

Data security breaches pose risks to Philippine outsourcing sector’s global standing — analysts

IT-BPM firms operating in the Philippines must strengthen data governance and privacy protections as growing cyber risks threaten to erode client confidence in an industry already facing significant disruption, analysts said.

17 firms eye P10-B geothermal de-risking facility

Geothermal energy can provide baseload power, but exploration carries significant financial risks because developers must make large upfront investments before confirming whether a resource is commercially viable.

BSP has room to manage peso swings

An economist attributed the peso’s weakness to a combination of the country’s structural balance-of-payments (BoP) deficit due to weak exports relative to hefty import demand, risk-off sentiment favoring the dollar, softer domestic sentiment and expectations of further depreciation.

BSP plans liquidity tests for big banks

“Through these enhancements, the BSP seeks to improve banks’ operational preparedness to access the facility and strengthen the DWF’s role as a reliable source of contingent liquidity support in times of need,” it said.

Philippines saw net inflows of hot money drop sharply in July

Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks yielded a net inflow of $66.47 million in July, plunging by 91.05% from $742.56 million a year earlier. 

NGCP issues red, yellow alerts for Visayas

The NGCP said that 29 plants were on forced outage while five others were running on derated capacities for a total of 804.1 MW unavailable to the grid.

MARINA to resume processing of seafarer' SIDs, SRBs on Sept. 1 after cyberattack

"Patuloy ang restoration of the entire system. We are taking slowly but carefully to make sure na ang security natin ay hindi na ulit mako-compromise," said MARINA Administrator Sonia Malaluan. 

Price cuts seen for diesel, gasoline

The motoring public will get a small break from rising fuel prices next week, with possible rollbacks reaching up to P4 per liter on Sept. 1.

DOLE upholds P11.49M liability of construction firm over Angeles building collapse

The liability includes P1.17 million in unpaid wages and other benefits and P10.32 million in administrative fines for occupational safety and health violations.

DPWH halts Taguig projects linked to alleged illegal Laguna de Bay reclamation

Dizon said the DPWH issued a cease-and-desist order on August 20 as directed by the Office of the President through the Philippine Reclamation Authority.

Meta sharing socmed data to help PH probe threats

A Philippine delegation met with Meta policy officials handling the Asia-Pacific region on Thursday in Singapore to discuss details of the company’s commitment in the wake of violent incidents that local officials suspect stemmed from social media content.

AFP reaffirms commitment to PH-US alliance in 75th year of mutual defense treaty

“As we mark this milestone, the AFP reaffirms its commitment to further strengthen the alliance, enhance our defense capabilities and interoperability, and contribute to a free, open, peaceful, and secure Indo-Pacific,” it said in a statement.