Day: July 22, 2025

Manila: The Department of Energy (DOE) has received PHP57.4 million from the Philippine Charity Sweepstakes Office (PCSO), marking PCSO’s 2023 contribution to the Renewable Energy Trust Fund (RETF). This allocation aligns with the Renewable Energy Act of 2008, which mandates that 1.5 percent of PCSO’s net annual income be dedicated to the RETF to foster projects promoting clean energy technologies. According to Philippines News Agency, DOE Undersecretary Rowena Guevara formally accepted the check on behalf of the department and expressed gratitude for PCSO’s sustained support. ‘This contribution is not just a financial boost -it’s a step forward in expanding energy

Davao de oro: The Philippine Stock Exchange index (PSEi) managed a slight gain Tuesday, and the peso improved against the US dollar partly on investors’ wait-and-see stance for the result of the ongoing Philippines-US trade and security cooperation meeting. The main equities index rose by 0.05 percent to 6,355.69 points, and All Shares by 0.10 percent to 3,757.20 points. According to Philippines News Agency, Mining and Oil led the sectors with gains after rising 0.90 percent. Trailing behind were Property, 0.69 percent; Financials, 0.64 percent; and Industrial, 0.11 percent. On the other hand, Holding Firms and Services slipped by 0.61

Manila: The Philippines will neither yield nor waver in asserting its rights and interests over the West Philippine Sea. This was the commitment President Ferdinand R. Marcos Jr. promised to the Filipino people in his 3rd State of the Nation Address-a policy statement that continues to guide government action over the resource-rich waters. According to Philippines News Agency, in instances where Philippine maritime missions encounter aggressive and dangerous actions from China, Manila remains steadfast in voicing strong protests. The Marcos administration is equally committed to maintaining peace without compromising the country’s position, exerting efforts to defuse tensions by keeping communication

Manila: The United States Embassy in Manila is suspending its consular operations on July 23 amid the incessant rains in the National Capital Region. ‘The Consular Section of the US Embassy in the Philippines will remain closed for US citizen services and visa appointments tomorrow, July 23, 2025, due to continued severe weather in Metro Manila,’ it said in an advisory on Tuesday. ‘The safety of Consular staff, U.S. citizens, and visa applicants is our top priority.’ According to Philippines News Agency, those with scheduled appointments on July 23 are advised to check their registered email address for detailed scheduling

Manila: The Court of Tax Appeals (CTA) has partially granted the petition of Shell Pilipinas Corp. (SPC) for a refund of about PHP89.3 million in excise taxes ‘illegally or erroneously collected’ from the oil firm in 2020 for the sale of its bunker fuel to a tax-exempt entity. According to Philippines News Agency, the company was originally seeking a PHP90.73 million refund, representing the excise taxes it paid to the Bureau of Internal Revenue (BIR) on the 14,884,000 liters of fuel oil that it imported and subsequently sold and delivered to Pioneer Float Glass Manufacturing, Inc. (PFGMI), a Philippine Economic