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The government has already marked over 2 billion liters of petroleum products under its gas marking application, Finance Secretary Carlos Dominguez 3rd reported over the weekend. Citing Bureau of Customs (BoC) records, Dominguez instructed reporters in a message that as of January 18 this year, the whole volume of fuels marked by way of theContinue reading “Fuel marking breaches 2B liters”

TGX become ordered to cease operations of the 17 electronic video games sites, while ABLE become ordered to stop operations of its 36 digital bingo sport sites. Under the GSRM, digital gaming websites need to have a distance of “no longer less than 200 meters” faraway from schools registered with the Department of Education (DepEd)Continue reading “TGX become ordered to cease”

THE Philippine Amusement and Gaming Corp. (Pagcor) is taking flight its order for Leisure & Resorts World Corp. (LRWC) and all its subsidiaries to cease their operations due to earlier non-compliance with distance restrict recommendations. LRWC stated it obtained notices from Pagcor via e-mail on Monday withdrawing its preceding order to revoke the licenses ofContinue reading “THE Philippine Amusement”

So it’s far very clear in the regulation that the 60 percentage proportion of the government may additionally consist of all earnings paid by the contractor. Considering that the contractor is exempt from all taxes except income tax, the taxes that [are] cited underneath Section 18 of the law, PD 87, refers to profits tax,”Continue reading “So it’s far very clear in the”

Cusi said in the letter that the prison foundation of the DOE’s role is contained in Presidential Decrees 87 and Presidential Decree 1459 and “in mild of those stable felony foundations, we entertain no question in any way on the legality of our position on this matter.” The previous DOE administrations were pushing for COAContinue reading “Cusi said in the letter”

THE Department of Energy (DOE) said it’s going to honor the sanctity of contracts of the Malampaya gasoline undertaking off northwest Palawan and entreated the Commission on Audit (COA) to revise its decision. The COA has issued a observe of charge to acquire from the Malampaya consortium, composed of Shell Philippines Exploration B.V. (Spex), ChevronContinue reading “THE Department of Energy (DOE)”

S&P’s evaluation is that there’s now a hazard—higher than it changed into before Duterte took workplace, however now not excessive enough (but) to affect the present score—that there might be coverage modifications inside the areas that at once have an effect on the united states of america’s potential to satisfy its debt obligations. Similarly, S&PContinue reading “S&P’s evaluation is that”

Listed Philippine Seven Corp. Suggested that its audited net profits fell to P1.44 billion ultimate 12 months, which it claimed became the end result of the effect of its adoption of the Philippine Financial Reporting Standard (PFRS) sixteen. In a disclosure on Wednesday, the local operator of the 7-Eleven convenience store chain stated the amountContinue reading “Listed Philippine Seven Corp. Suggested”

INFLATION will in all likelihood slow down for the first time this yr in November, the Bangko Sentral ng Pilipinas (BSP) stated on Thursday. In a announcement, the critical financial institution stated it expected purchaser fee boom to “settle inside the 5.8-6.6 percentage range,” easing from October’s nine-yr high of 6.7 percentage. In this undatedContinue reading “INFLATION will in all likelihood”