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Circular for smart grid in the making

By JORDEENE B. LAGARE July 15, 2019 A circular on the policy governing the adoption of smart grid technologies for the Philippine electric industry and roadmap for distribution utilities is being crafted by the Department of Energy (DoE). Currently, the agency is soliciting comments for the proposed circular on the …

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Heed WTO ruling, PH urges Thailand

By TYRONE JASPER C. PIAD July 15, 2019 The Department of Trade and Industry (DTI) recently urged Thailand to follow the recent rulings of the World Trade Organization (WTO) on customs valuation reforms. According to DTI, the WTO has ruled in favor of the Philippines’ claim that Thailand violated the …

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June rice stocks rise year-on-year

By EIREENE JAIREE GOMEZ July 13, 2019 Rice inventory in the country reached 2.598 million metric tons (MT) at the start of June this year, up 10.1 percent year-on-year (yoy), the Philippine Statistics Authority (PSA) said. Workers carry sacks of rice in the NFA warehouse. File Photo In its monthly …

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Regulators urged: Be fair on POGOs

By MAYVELIN U. CARABALLO, TMT July 13, 2019 The Philippine Amusement and Gaming Corp. (Pagcor) called for the fair implementation of government rules on offshore gaming operations as the agency is bullish on hitting its P8-billion target revenue from the industry this year. “This year we want to collect P8 …

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DoE stumbles in P2.4-B electrification program

By MA. REINA LEANNE TOLENTINO, TMT July 13, 2019 The P2.35-billion Nationwide Intensification Household Electrification (NIHE) program has not achieved its purpose, a report from the Commission on Audit (CoA) said. According to the CoA audit report on the Department of Energy (DoE) for 2018, the program was supposed to …

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PSEi dips on profit-taking

By ANGELICA BALLESTEROS, TMT July 13, 2019 THE stock market closed lower on Friday as investors took profits following a two-straight day gain. The bellwether Philippine Stock Exchange index (PSEi) dropped by 0.16 percent or 12.67 points to close at 8,141.82, while the broader All Shares declined by 0.27 percent …

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‘Car sales recovery a good sign’

By The Manila Times July 13, 2019 THE sales recovery seen in the automobile industry last month is a sign that economic conditions in the country are improving, according to an economist. “With inflation falling back within target, and with the BSP (Bangko Sentral ng Pilipinas) initiating the first round …

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GOCC dividends hit over P61B as of July

By MAYVELIN U. CARABALLO, TMT July 13, 2019 DIVIDENDS collected from government-owned and -controlled corporations (GOCCs) surged to more than P61 billion as of this month, the Department of Finance reported. “As of July 2019, total dividend contributions from 53 GOCCs have…reached another record amount of P61.3 billion,” Finance Secretary …

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3% coconut biodiesel pushed

By EIREENE JAIREE GOMEZ July 12, 2019 The United Coconut Association of the Philippines (UCAP) is lobbying for the immediate implementation of increased coconut content in diesel to three percent by yearend. Doing so, UCAP said, serves as a gradual adjustment until the commodity reaches five percent in the next …

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PH, SKorea to finish FTA talks by Sept

By ANNA LEAH E. GONZALES July 12, 2019 Negotiations for the Free Trade Agreement (FTA) between the Philippines and South Korea will likely be completed by September, a cabinet official said on Thursday. “Technically they have to be finished sometime September, [the] negotiations and terms, so that it can be …

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