PHOTO COURTESY OF ICTSITHE Philippine Ports Authority (PPA) said late Monday that port fees remain a minor component of logistics expenses, and an increase in the charges cannot be blamed for any “blow up” in logistics costs.“Storage fees at ports remain low… with taxes and

THE Bureau of Internal Revenue (BIR) said in new guidelines that it will require only minimal verification of value-added tax (VAT) refund claims classified as low risk. In a memorandum order, the BIR said: “Processing of VAT refund claims classified as low risk shall be limited

THE Clark International Airport Corp. (CIAC) said on Tuesday that it has entered into a technical assistance agreement with Singapore companies specializing in agricultural financing, sourcing and procurement to assist in setting up the proposed National Food Hub. In a statement, the CIAC identified the companies

THE Philippine Coconut Authority (PCA) said it expects demand for coconut products to be stimulated by its use in biodiesel blends and as a possible component in aviation fuel. “With our projections and when we also talked with market stakeholders, they’re positive there will be an

INTERNATIONAL RICE RESEARCH INSTITUTETHE Department of Agriculture (DA) said that it is planning to develop solar-powered rice dryers in partnership with the Korea Agricultural Machinery Industry Cooperative (KAMICO).In a statement on Tuesday, the DA said that solar dryers could fill the gaps in the National

LEGISLATORS need to review the use of government funds supporting the development of the rice industry in light of its weak productivity growth, a Congressional think tank said. “The numbers suggest that the (Rice Tariffication Law) has, thus far, not shifted the growth trajectory of the

AN information technology (IT) park in South Cotabato is expected to launch commercial operations by 2026, the Philippine Economic Zone Authority (PEZA) said on Tuesday.PEZA announced the signing of the registration agreement for the Tupi IT Park last week.Tupi IT Park was proclaimed a special

BRUCE WARRINGTON-UNSPLASHTHE Department of Agriculture (DA) said it is seeking to streamline the permit process for aquaculture and livestock projects as a means of attracting more private-sector investment.Agriculture Undersecretary for Policy, Planning and Regulations Asis G. Perez told reporters that one of the possible outcomes of the

BW FILE PHOTOTHE PESO inched up on Tuesday as the dollar was generally weaker ahead of the release of key US data later this week.The local unit closed at P58.77 per dollar on Tuesday, strengthening by three centavos from its P58.80 finish on Monday, Bankers

PHILIPPINE STAR/KRIZ JOHN ROSALESSHARES closed higher on Tuesday as foreigners turned net buyers after nine straight sessions of selling before the Philippine central bank’s policy meeting and amid extended bargain-hunting and window-dressing activities.The bellwether Philippine Stock Exchange index (PSEi) rose by 0.42% or 26.59 points

THE Board of Investments (BoI) said on Tuesday that it granted green lane certificates to Nexif Ratch Energy Investments Pte. Ltd. (NREI) for its renewable energy (RE) projects.In a statement, the BoI said that NREI’s solar and wind power projects in Camarines Sur are eligible