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Farmers’ group: High retail prices of rice to persist
High retail prices of rice will persist as imported varieties dominate the local market, farmers’ group Samahang Industriya ng Agrikultura president Rosendo So said yesterday......»»
ERC lifts suspension of FIT-All collection
Starting next month, electricity consumers will resume paying the feed-in tariff allowance at a rate of P0.0364 per kilowatt-hour in their electric bills......»»
Prices
To most Filipinos, their No. 1 problem is prices – high prices. Of nearly everything. The rate of increase in prices is inflation. Most people don’t understand what inflation means. But they know when prices are high, or are exceedingly high......»»
Snap s 24-megawatt magat BESS gets provisional permit to operate from ERC
Snap s 24-megawatt magat BESS gets provisional permit to operate from ERC.....»»
Marcos Jr. studying suspension of hike in PhilHealth rates premium hike
President Marcos is studying a proposal to suspend the implementation of the five percent increase in premium rates of the Philippine Health Insurance Corp.this year, Malacañang said yesterday......»»
Rice tariff collections hit P30 billion in 2023
Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»
Cha-cha mabobokya kapag sinahugan ng term extension
Baka wala nang sumuporta sa Charter change kapag isinama ang diskusyon sa term extension ng mga opisyal ng gobyerno, babala ni Senate President Juan Miguel Zubiri. The post Cha-cha mabobokya kapag sinahugan ng term extension first appeared on Abante......»»
SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
Spoelstra inks contract extension deal with Miami Heat
MIAMI — Erik Spoelstra and the Miami Heat have agreed on a contract extension, ensuring that the longest-tenured coach in franchise history only keeps adding to his team records for many years to come. Spoelstra signed an eight-year extension worth around $120 million — the largest contract in NBA history in terms of total value.....»»
DOE studying longer periods for power plant maintenance
The Department of Energy (DOE) is studying the possibility of allowing power plants to have longer maintenance periods to ensure that they are repaired properly......»»
DepEd condemns killing of teen studying at home
The Department of Education denounced the killing of a 14-year-old girl while she was studying at her residence in Talisay City, Cebu......»»
High temperatures persist amid scattered rains: Pagasa
High temperatures persist amid scattered rains: Pagasa.....»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Higher tariff, water use buoy Manila Water earnings
Razon-led Manila Water Company Inc. saw its first quarter net income grow by more than a third compared to last year on the back of higher tariff coupled by increase in water usage in its covered areas......»»
NEDA to conduct review of tariff structure
The government is set to present a new tariff structure for agricultural products and electric vehicles to the National Economic and Development Authority Board chaired by President Marcos next month......»»
Recto bats for tax, tariff relief for hybrids
Finance Secretary Ralph Recto is in favor of granting reduced excise tax and preferential tariff to hybrid vehicles......»»
Government OKs higher 60,000 MT potato imports at lower tariff
The Philippines has allowed the entry of more imported potatoes used for making chips and french fries at a lower tariff to meet the growing demand for the raw material by local snack manufacturers......»»
‘Pork prices to go up as DA limits imports’
Limiting imports under lower tariff rate could drive pork prices higher as micro, small and medium enterprises would lose access to “cheaper” imported stocks, meat importers warned yesterday......»»
Ahong suspension: Not true says surprised Lapu-Lapu mayor
LAPU-LAPU CITY, Cebu- Lapu — Rumors circulating about the impending suspension of Lapu-Lapu City Mayor Junard “Ahong” Chan will remain just that: rumors. Chan on Friday, May 17, clarified that the order of his suspension by the Ombudsman was already dismissed before it could be served. This was clarified by the mayor, after a post.....»»
Rama to contest suspension order in Supreme Court, readies legal fight
CEBU CITY, Philippines – Cebu City Mayor Michael Rama stays firm despite being ordered a preventive suspension by the Ombudsman. He now plans to ask for Supreme Court intervention, believing the decision might be politically motivated. Rama questions the fairness of the anti-graft office’s six-month suspension, stating he and seven other City Hall officials weren’t given.....»»