MGB OIC-assistant director Marcial Mateo said metallic operations outside mineral reservations must pay three percent of the market value of their gross output as royalty to the government.
Furthermore, non-metallic operations outside mineral reservations should pay a percentage of their gross revenue as royalty to the government, Mateo added.
Mateo disclosed the position of the MGB regarding the rationalization of the country's mining fiscal regime during a recent hearing by the Senate committee on ways and means.
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Diese Geschichte stammt aus der March 23, 2024-Ausgabe von The Philippine Star.
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Gov’t readies 125 PPP projects worth Ps T
BAGUIO CITY - More than 100 projects amounting to over P3 trillion are in the pipeline for implementation through the public-private partnership (PPP) mode.
Analysts mixed on timing of BSP rate cut
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso.
Razon to expand Manila Water's reach
Ports and power tycoon Enrique Razon Jr. vowed to expand the operations of Manila Water Co. Inc., both locally and abroad, by capitalizing on the group's infrastructure expertise.
Onion prices may drop on bumper harvest
Onion prices are expected to remain stable or to even decline as the government forecasts another record harvest of bulbs in the second quarter, bringing nationwide supply to comfortable level.
BSP wants stricter policies vs erring bank personnel
The Bangko Sentral ng Pilipinas (BSP) is looking to require its supervised financial institutions to have a policy in determining the process and criteria on when to file legal cases against erring personnel, including dismissed directors, officers and employees.
Market seen moving with upward bias
The stock market could regain its momentum this week with investors searching for bargains and fresh leads.
Has ADB done enough to solve global problems?
Nearly six decades ago, about 100,000 civilians and military personnel perished as the Vietnam War escalated, the human spaceflight program Project Gemini was completed and the world witnessed the birth of the automated teller machine.
BOLTS WEATHER C-STAN STORM
For the second time in the PBA Season 48 Philippine Cup playoffs, a marquee player scored his career high against Meralco.
MAVERICKS RALLY TO DOWN THUNDER
DONCIC, WASHINGTON PROPEL DALLAS TO WEST FINALS
Israel's war minister vows to quit
If there’s no post-war plan for Gaza
