THE Marcos administration aims to create an “omnibus” public-private partnership law that will push for the consolidation of all infrastructure undertakings between the government and the private sector. In a briefing on Monday, National Economic and Development Authority (Neda) Undersecretary for Investment Programming Joseph J. Capuno said this law would…
MANILA, Philippines Jose Maria Sison, the founder of the Communist Party of the Philippines, whose armed wing has been waging one of Asia's longest-running insurgencies, has died. He was 83. Sison died peacefully late Friday after two weeks of confinement in a hospital in Utrecht, the Netherlands, the party's…
Only pure electric vehicles (EVs) will enjoy zero tariffs as the government is keen on attracting more investments in the EV industry, according to an official of the Board of Investments (BOI). BOI Managing Head and Trade Undersecretary Ceferino S. Rodolfo said hybrid vehicles were excluded from the planned zero-tariff…
MANILA (Philippine Daily Inquirer/Asia News Network): President Ferdinand Marcos Jr. has agreed to temporarily remove the tariff on imported electric vehicles (EVs) and lower the tax rate on their parts and components to promote usage and help cut the country’s dependence on imported fuel, Socioeconomic Planning Secretary Arsenio Balisacan said on Thursday (Nov 24).