By John Victor D. Ordoñez, ReporterPRESIDENT Ferdinand R. Marcos, Jr. issued an executive order (EO) that will reduce real property tax for independent power producers (IPPs) engaged in build-operate-transfer (BOT) deals with government-owned and -controlled corporations (GOCCs).The Palace said Executive Order 83 signed by the

PHILIPPINE STAR/MIGUEL DE GUZMANTHE National Food Authority (NFA) on Wednesday began releasing rice stocks to local government units (LGUs) in response to the declaration of a food security emergency.Agriculture Secretary Francisco Tiu Laurel, Jr. handed over rice to San Juan City Mayor Francisco Javier Zamora

FACEBOOK.COM/TOYOTAOTISOFFICIALBUDGET Secretary Amenah F. Pangandaman said the eMarketplace online procurement portal has processed its first vehicle transactions, covering four units which were delivered in two weeks.In a statement on Wednesday, Ms. Pangandaman announced that the Department of Budget and Management’s (DBM) Procurement Service witnessed the

REUTERSTHE PHILIPPINES is advancing its discussions with India’s flag carrier, Air India, over possible direct air services between the countries, the Civil Aviation Authority of the Philippines (CAAP) said.In a statement on Wednesday, CAAP said the necessary documentation, technical specifications and procedural framework are all

Workers are seen at an electronics manufacturing assembly plant in Biñan, Laguna, April 20, 2016 — REUTERSBy Justine Irish D. Tabile, ReporterEXPORTS are expected to take a hit after US President Donald J. Trump announced a plan to impose 25% tariffs on semiconductors this year,

THE Department of Trade and Industry (DTI) said that it expects to complete by mid-March a joint administrative order (JAO) that will implement a new auto industry revival program.According to the department, the rules for the new program, known as Revitalizing the Automotive Industry for

PHILIPPINE STAR/KRIZ JOHN ROSALESTHE Philippine Amusement and Gaming Corp. (PAGCOR) said it continues to support the expansion of gaming-focused Special-Class Business Process Outsourcing (SCBPO) in the face of a government crackdown on a now-banned category of gaming licensees.In a statement on Wednesday, PAGCOR Chairman and

SCIENCEPARK.COM.PHTHE GOVERNMENT is finalizing the guidelines on certifying export-oriented enterprises (EOEs) for availing of value-added tax (VAT) zero-rating on local goods and services.In an online public consultation on Wednesday, the Department of Trade and Industry’s Export Marketing Bureau (EMB), Bureau of Internal Revenue (BIR), Bureau

Filing a tax refund claim brings a sense of anticipation, as taxpayers aim to get back a portion of their hard-earned money. However, the process of obtaining a VAT refund in the Philippines is often one of the most challenging experiences taxpayers can go through.

NATIONAL UNIVERSITY LADY BULLDOGS — UAAP/JOAQUI FLORESGames on Saturday(Filoil EcoOil Centre)9 a.m. – UST vs UE (men)11 a.m. – UST vs UE (women)3 p.m. – DLSU vs AdU (men)5 p.m. – DLSU vs AdU (women)DEFENDING champion National University (NU) clobbered Ateneo de Manila University, 25-23,