Thursday Oct, 06 2022 07:26:43 PM

Economic News

Officials: Liguasan gas can make BARMM boom

COTABATO CITY --- Officials want natural resources in the Bangsamoro region harnessed soon for its communities to bounce back from poverty caused by decades of armed conflicts.

The Bangsamoro Autonomous Region in Muslim Mindanao covers a number of towns along central Mindanao’s Liguasan Delta, said to have natural gas deposit that foreign and local experts said is largest in Asia.

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MTIT declares price freeze for basic goods in BARMM amidst calamity

COTABATO CITY—The prices of basic necessities (BN) in the Bangsamoro region are frozen, following the declaration of calamity due to massive flooding, the Ministry of Trade, Investments and Tourism (MTIT) announced Tuesday. 

This is in line with Republic Act (RA) 7581 also known as the Price Act of the Philippines, which suggests that “prices of basic necessities (BN) are automatically frozen at their prevailing prices for sixty (60) days once a state of calamity (SOC) is declared in an area.”

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Mindanao foreign-assisted business ventures takes off  

 

COTABATO CITY --- An aquamarine and agriculture production tie-up between two multinational groups and the government has taken off in just four months after forging tie-ups for the ventures.

The projects involve the Tokushima Auction Market of Tokushima City in Japan, the Asia Pacific Precision Agriculture Group, or ASPAC AG, and the state’s Southern Philippines Development Authority.

In a statement Monday, the SPDA said its separate ventures with the two firms have taken off.

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Cotabato Light asks consumers to use payment app, EbillTxt

Please be informed that effective July 18, 2022, our In-house Accredited Collection Center at Alnor is now using their own Collection System Acknowledgement Receipt as Third Party Agent (TPA). Posting of payments will be credited on the next calendar day.

When paying thru TPA, always bring your current bill either (Physical Bill, Mobile AP or EbillTxt) for tellers’ reference.

Kindly settle the monthly electricity bill on or before the due date to avoid disconnection and 2% surcharge which will be added on the next billing cycle.

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Dept. of Energy commended Cotabato Light's contribution during 2022 NLE

COTABATO CITY - The Department of Energy (DOE) has commended the Cotabato Light and Power Company (Cotabato Light), for the immense support and efforts as part of the Energy Task Force Election (ETFE).

See: Cotabato Light preparedness resulted to zero power interruption during election (https://www.ndbcnews.com.ph/news/cotabato-light-preparedness-resulted-ze...)

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DOE asks Senate to revisit oil deregulation law

MANILA – The Department of Energy (DOE) on Tuesday proposed that mechanisms of Republic Act (RA) 8479 or the Oil Deregulation Act be provided with a framework for the government to intervene and address sudden or prolonged oil price hikes, including unbundling the cost of petroleum retail products to determine their real and passed-on costs

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Senator appeals for removal of fuel taxes amid rising prices

MANILA – Senator Aquilino Pimentel III on Monday sent his appeal to the incoming Marcos administration to identify and remove taxes and other fees in fuel transactions that can minimize the effects of surging prices of petroleum products.

Pimentel said removing the excise tax and other fees on fuel is an Executive action but he will file a bill to formalize his request.

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BARMM's economy rises by 7.5% in 2021, sets record as 2nd fastest-growing region in PH

COTABATO CITY — Bangsamoro Autonomous Region in Muslim Mindanao's (BARMM) economic performance  increased by 7.5 percent in 2021 and recorded the second-fastest growth among all regions in the country, the Philippine Statistics Authority (PSA) announced in a news conference Thursday, April 28.
 

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BARMM holds Marawi Business Forum on Incentives Law 

COTABATO CITY - The Bangsamoro Board of Investments (RBOI-BARMM) in cooperation with the Bangon Marawi Chamber of Commerce and Industry (BMCCI) successfully conducted an “Investment Forum and Orientation on Corporate Recovery and Tax Incentives for Enterprises Act (CREATE)” as part of its efforts to promote Marawi City and the province of Lanao del Sur as an ideal investment destination in the BARMM on November 25, 2021 at Soti Gas Station commercial square in Marawi City. 

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Cotabato Light starts sending consumers' power bill via SMS, email

COTABATO CITY - The Cotabato Light and Power Company has started using eBillTxt to manage account bills with ease of its clients.

Consumers are advised to get Cotabato Light electric bills delivered straight to thier homes via SMS and email hassle-free. They are advised to just enroll to eBillTxt and manage your account bills with ease.

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