National

Turkish Prime Minister Ahmet Davutoğlu undertakes official visit to the Philippines

MANILA, Nov. 17 — The Turkish Prime Minister Ahmet Davutoğlu, will visit the Philippines today, November 17, with a delegation of about 111. He will be traveling with his wife, Mrs. Sare Davutoğlu, the Department of Foreign Affairs said in a statement. This is PM Davutoğlu’s first visit to the Philippines as Prime Minister, although he has visited the country in the past when he was an Associate Professor in Malaysia. From the ceremonial wreath-laying […]

Malacanang reduces taxes, penalties for independent power producers

MANILA — President Benigno Aquino III has signed an Executive Order that grants the reduction and condonation of real property taxes and interest/penalties for independent power producers (IPP), Malacanang said Sunday. The new EO 173 signed on October 31, 2014 covers real property taxes and interest/penalties assessed on the power generation facilities of IPPs under build-operate-transfer contracts with government-owned and/or -controlled corporations. Because of this. real property taxes imposed by local government units for all years […]

Philippines to host ASEAN Public-Private Partnership Networking Forum in December

  The Philippines will host the ASEAN Public-Private Partnership (PPP) Networking Forum in Manila in December 2014.President Benigno Aquino III made the announcement to fellow ASEAN leaders and top business officials during the ASEAN Business Advisory Council (ABAC) dialogue, which was part of the recently-concluded 25th ASEAN Summit in Nay Pyi Taw, Myanmar.“The forum will take stock of the outcomes of recent PPP initiatives in ASEAN and will serve as an avenue for exploring the […]