Proposed US remittance tax raises concerns over impact on dollar inflows
A proposed 1 percent tax on overseas remittances currently being deliberated in the US Congress has sparked concern among Philippine policymakers, given its potential to reduce a key source of foreign exchange for the economy—even as only a minority of Filipinos directly receive such remittances.
Caltex imposes another fuel price hike this week
Caltex will raise pump prices again starting 6:01 a.m. Thursday, 17 July, marking its second fuel price hike this week. Gasoline and kerosene will go up by P0.20 per liter, while diesel will rise by P0.35, the company announced.
ERC leadership void delays GEA5, risks offshore wind progress and policy certainty
The Department of Energy (DOE) has warned that the fifth round of the Green Energy Auction (GEA5), which will include the country's first offshore wind (OSW) projects, may be delayed due to the ongoing leadership vacuum at the Energy Regulatory Commission (ERC).
Rice prices drop in Baguio, La Union; DA cuts imported rice cap to P43/kg
The Department of Agriculture (DA) has expanded its P20 per kilogram subsidized rice program to La Union and Baguio City, aiming to ease food costs for low-income consumers.
SM Group pushes unified corporate drive to cut plastic waste
The SM Group is ramping up its environmental initiatives with a consolidated effort to reduce plastic waste across its commercial and corporate operations, aligning with the country's Extended Producer Responsibility (EPR) Act of 2022.
