Pacific Sun Renewables Corp. is planning to build a P4.9 billion solar power plant in Paoay, Ilocos Norte. The project aims to generate 120.96 megawatts (MW) of electricity and will cover about 81.81 hectares across Barangays Mumulaan, Suba, and Nagbacalan.
The Sandiganbayan has ordered the graft trial of former Anti-Red Tape Authority (ARTA) chief Jeremiah Belgica and four other former officials to proceed, rejecting their appeals to halt the case.
Finance Secretary Ralph Recto on Tuesday cautioned senators against approving a proposal to cut the value-added tax (VAT) rate from 12 percent to 10 percent, warning that such a move could significantly increase government debt and risk a credit rating downgrade.
A high-level delegation from the United Arab Emirates (UAE) visited the Bangko Sentral ng Pilipinas (BSP) as part of the "Philippine Government Experience Exchange Retreat" held recently.