Essayer OR - Gratuit
Marcos cuts 2025 property taxes for power producers to avert fiscal, energy risks
Business World Philippines
|December 04, 2025
PHILIPPINE President Ferdinand R. Marcos, Jr. ordered a reduction of real property taxes on independent power producers (IPP) for 2025, warning that full assessments could trigger defaults, strain state finances and disrupt power supply.
Executive Order (EO) No. 106, issued on Nov. 28 and published on Wednesday, lowers this year’s property-tax liabilities of IPPs —including special education fund charges — operating under build-operate-transfer and similar contracts with government-owned firms.
Taxes will now be based on 15% of fair market value, depreciated 2% annually, minus any payments already made.
The directive also wipes out all interest and penalties on unpaid obligations, with excess payments credited to future liabilities.
Cette histoire est tirée de l'édition December 04, 2025 de Business World Philippines.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Business World Philippines
Business World Philippines
ACEN plans P16-B battery storage for its largest solar farm in PHL
RENEWABLE ENERGY developer ACEN Corp. plans to construct a 2,000-megawatt-hour battery energy storage system (BESS) to provide a stable power supply from its largest solar farm in the Philippines.
1 mins
March 06, 2026
Business World Philippines
Chet Holmgren, OKC Thunder hold off NY Knicks
CHET HOLMGREN poured in 28 points and Shai Gilgeous-Alexander scored 26 as the Oklahoma City (OKC) Thunder held off a late charge to beat the New York (NY) Knicks, 103100, on the road on Wednesday night.
1 mins
March 06, 2026
Business World Philippines
Shares recover on bargain hunting after sell-off
PHILIPPINE STOCKS rebounded on Thursday as investors took advantage of lower valuations following the market’s slide amid the ongoing conflict in the Middle East.
2 mins
March 06, 2026
Business World Philippines
Aluminum price jumps to highest in almost 4 years as Alba declares force majeure
Aluminum prices hit their highest in nearly four years on Wednesday after Aluminum Bahrain (Alba) stopped shipments, deepening worries about the impact of the Middle East conflict on supplies of the metal used in construction, transport and packaging.
1 mins
March 06, 2026
Business World Philippines
PHL plans diesel stockpile amid Middle East war
THE PHILIPPINE government plans to procure at least a million barrels of diesel to secure domestic fuel supply as tensions in the Middle East threaten global oil trade and China moves to curb refined fuel exports.
3 mins
March 06, 2026
Business World Philippines
Expanded remote work, flexible setup pushed amid looming oil price hikes
PHILIPPINE lawmakers urged the government and private sector to expand the use of work from home and other flexible work schemes amid an expected rise in fuel prices due to the escalating war in the Middle East.
3 mins
March 06, 2026
Business World Philippines
Inflation quickens to 13-month high
PHILIPPINE INFLATION accelerated to a 13-month high in February as rising costs for rice, fuel, electricity and other utilities added pressure on household budgets, the Philippine Statistics Authority said on Thursday.
5 mins
March 06, 2026
Business World Philippines
Rice inventory up 5.3% in February
THE national rice inventory rose 5.3% year on year to 2.11 million metric tons (MT) as of Feb. 1, the Philippine Statistics Authority (PSA) said, citing preliminary data.
1 min
March 06, 2026
Business World Philippines
S&P: Philippines to outpace most Asian peers in next 3 years
THE PHILIPPINES is expected to remain one of Southeast Asia's fastest-growing economies over the next three years despite a slowdown in 2025 triggered by a corruption scandal, according to S&P Global Market Intelligence.
2 mins
March 06, 2026
Business World Philippines
FINEX Sustainability Handbook
In a time when climate risks are no longer distant threats but daily realities, the FINEX Foundation Environment Committee chaired by Land Bank of the Philippines (LANDBANK) Director Gaudencio “Goody” Hernandez, Jr. launched the Sustainability Handbook, a timely and expanded version of the earlier publication called Primer on Climate Change and Natural Farming.
3 mins
March 06, 2026
Listen
Translate
Change font size