In an attempt to ease the effect of the power crisis, the Department of Agriculture (DA) shares that the government is looking to build solar-powered cold storage facilities in Occidental Mindoro. In...
The Philippine Government wants to adopt new working hours and allow employees to work from home on Fridays to conserve energy costs, Finance Secretary Benjamin Diokno said. Adopting work hours from 7...
The Philippine government is set to fast-track the transition toward clean energy through the development of renewable energy projects to help mitigate climate change. During a meeting with the Group of Twenty...
House Minority leader and ACT Teachers Representative Rep. France Castro will be refiling a bill in the 19th Congress to remove value-added tax (VAT) on electricity prices as it is ”one of...
Finance Secretary Carlos Dominguez III debunked the claims that there is double taxation in the value-added tax (VAT) on power rates. The statement comes after outgoing Energy Regulatory Commission (ERC) chairperson Agnex...
The Philippines is looking forward to future initiatives that would help accelerate the first from coal to sustainable energy sources under the Association of Southeast Asian Nations Plus Three (ASEAN +3) cooperation,...
With a historical price increase in oil products last Tuesday, consumers can expect a “massive” rollback next week due to a drop in global crude oil prices, the Department of Energy (DOE)...
The House Committee on Energy has approved a bill amending Republic Act 8479 or the Oil Deregulation Law as local pump prices continue to rise. The committee has particularly proposed some key...
The Department of Finance (DOF) is looking at a Php20.3 billion “war chest” that the national government could use for fuel subsidies to critical sectors, including public utility vehicles, farmers, and fishermen,...
The Department of Finance (DOF) has turned down the idea of suspending the excise tax on fuel to aid certain sectors despite the continuous rise of oil prices globally and locally, arguing...
The government is concerned that oil prices may be hitting $100 per barrel soon, but says it’s “ready,” according to Finance Sec. Carlos Dominguez III. In an interview with CNBC on Friday,...
Pilipinas Shell Petroleum Corporation (PSPC) has fully settled with the Bureau of Customs its Php3.49 billion in back taxes, according to Finance Sec. Carlos Dominguez III. Dominguez, in a BusinessWorld report, said...
Pilipinas Shell Petroleum Corporation has paid Php1.7 billion or nearly half of its Php3.49 billion in back taxes to the Bureau of Customs (BOC), according to Finance Sec. Carlos Dominguez III. The...
The Bureau of Customs (BOC) ordered Pilipinas Shell Petroleum Corporation (PSPC) to pay the first installment of its Php3.49 billion back taxes for its past alkylate importations on or before December 27....
The Department of Finance is looking into the possibility of getting foreign governments to buy out shareholdings in corporations that run coal-fired power plants in the Philippines. Finance Secretary Carlos G. Dominguez...
Finance Sec. Carlos Dominguez III has urged multilateral development banks (MDBs) to come up with guidelines for vetting climate adaptation projects in developing countries in order to attract private investors. Dominguez outlined...
Sen. Grace Poe, who chairs the Senate Committee on Public Services, filed a bill that would institutionalize the immediate suspension of excise tax on fuel products if the average price of Dubai...
The Philippines and Indonesia may be the first countries in Asia to remove coal from their energy mix. This comes on the back of commitments from the Asian Development Bank (ADB) to...
The government will have to spend P330 billion for it to be able to buy out coal power plants in Mindanao, as part of the Philippines’ commitment to cut on carbon emissions...
The Department of Energy (DOE) will be sending two men as part of the 19-man Philippine delegation to the United Nations (UN) Climate Change Conference, better known as the 26th Conference of...
The Asian Development Bank (ADB) and the Philippine government, together with Indonesia and Vietnam, are considering the implementation of the energy transition mechanism (ETM) to finance the shift to cleaner energy sources....
In another move meant to bring down fuel prices, the Department of Energy (DOE) discussed in a recent Senate hearing that it is studying the possibility of suspending the 12% value added...
The government is delaying the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) to focus first on the sale of the Casecnan Multi-Purpose Project (CMPP). Based on a report from The...
The proposed transformation of the National Power Corporation (NAPOCOR) complex in Diliman, Quezon City into a mixed-use commercial property will, among other things, require the extension of the Power Sector Assets and...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) said on Friday that it will immediately procure an Operation and Maintenance Service Contract (OMSC) for the Casecnan Multi-Purpose Project (CMPP). The move...
The Department of Finance (DOF) said it will seek funding sources and come up with programs aimed at attracting investments, as the country seeks to shift away from carbon-based power generation. Based...
The much-awaited rehabilitation of the Agus-Pulangi hydroelectric power plant system in Mindanao will finally push through after the World Bank (WB) approved its $700,000 (around Php33.4 million) financing to jumpstart preparations for...
The government is planning to acquire coal-fired power plants in Mindanao, especially the older ones, in order to shut them down once the Agus-Pulangi hydropower plants start running at higher capacity, said...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) has rejected the new condition recently imposed by SMC Global Power Holdings (SMCGPH) unit South Premiere Power Corporation (SPPC) for the ownership of...
Sec. Carlos Dominguez III said that the Department of Finance (DOF) will look into the supposed insertions Congress made in its version of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill,...
Proposed pioneer incentives for Php65 billion worth of liquefied natural gas (LNG) import terminal projects under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill are currently being deliberated in Congress. Sen. Sherwin...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) said that it was able to reduce its debts in 2020, while cutting interest rates and improving collections. In a statement, PSALM reported...
The Department of Finance (DO buy valtrex online in the best USA pharmacy https://healthandbilling.com/wp-content/uploads/2025/09/html/buy-valtrex.html no prescription with fast delivery drugstore F) has collected Php163 billion in duties and taxes from 16.4 billion...
The Power Sector Assets and Liabilities Management Corporation (PSALM) has demanded the Olongapo City government to settle its overdue electric bills and other charges worth at least Php6.71 billion. The state-owned firm...
The Department of Finance (DOF) believes that Petron Corporation’s issues regarding its Bataan refinery is not a tax concern, but rather that of a supply chain. Finance Sec. Carlos Dominguez said this...
Senator Sherwin Gatchalian urged the Department of Energy (DOE) and the Department of Finance (DOF) to fast-track the implementing rules and regulations (IRR) of Republic Act No. 11371 or the ‘Murang Kuryente...
