The Energy Regulatory Commission (ERC) said National Grid Corp. of the Philippines (NGCP) had unilaterally deferred the implementation of an interim scheme that would raise its maximum allowable revenue (MAR) to P47.1 billion in 2020 from P43 billion in 2019. At a hearing conducted by the Senate committee on energy earlier this week, ERC Chair […]
As more and more Filipinos go online for their financial transactions amid the COVID-19 pandemic, officials have warned of a surge in cybercrime as criminals also adjust to this “new normal.” “With more commercial transactions going through cyberspace, expect a spike...
The steady increase of fuel prices in May—after dropping sharply in April at the height of the lockdown imposed to fight the COVID-19 pandemic—may have pushed the country’s inflation rate to accelerate slightly, according to the central bank’s economists. In a...
Higher motor vehicle user’s charge (MVUC), a proposal pending at the Senate, is needed to build and maintain more roads in the Philippines, according to the state-run think tank National Tax Research Center (NTRC). Since the MVUC’s implementation in 2001, through...
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