THE cash utilization rate posted by government agencies was 98% at the end of 2023, the Department of Budget and Management (DBM) said. The DBM reported that the National Government,…
Economy
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THE COMMITTEE report of a Senate bill seeking to impose a 12% value-added tax (VAT) on digital transactions, which now includes nonresident foreign online marketplaces with customers in the Philippines,…
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THE creation of a nuclear energy program coordinating committee (NEP-CC) will ramp up preparations to hit an ambitious 2,400-megawatt (MW) target by 2032, analysts said. “Hopefully this will hasten the…
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THE Department of Trade and Industry (DTI) said on Tuesday that it confiscated vape products valued at P5.5 million over non-compliance with rules governing the industry. “(W)e are working double…
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THE Department of Agriculture (DA) said it allocated P22.9 billion for financial assistance to rice farmers, with the funding to go towards procuring farm inputs and providing technical support. In…
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THE European Chamber of Commerce of the Philippines (ECCP) and the Anti-Red Tape Authority (ARTA) said they entered into a partnership to make it easier to do business, thereby attracting…
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THE Department of Transportation (DoTr) said it will continue to work on the first phase of the Mindanao Railway project after dropping China as funding source. “We decided to pursue…
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SLUGGISH overseas demand poses the biggest risk to Philippine growth this year, imperiling the official gross domestic product (GDP) target of 6.5-7.5%, BMI Country Risk & Industry Research said. In…
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THE Czech Republic is seeking approval to export meat to the Philippines, according to the Department of Agriculture (DA). In Special Order No. 152, the DA said it will send…
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Is there a flow of wealth when there is a reimbursement at cost? Is there an income to speak of when repaying a cost allocated by a related party? Are…