Pursuant to the DOE’s dedication to keep and strengthen the predictability, actuality and consistency of investment rules of the usa, the DOE affirmed its position in its Motion for Reconsideration pending earlier than the Commission on Audit (COA) that the earnings tax of the Malampaya contractor shall form part of the 60 percentage authorities share.
Also, the energy department completed the Philippine Energy Plan 2016-2030 Update, to be able to roadmap the strategic direction for the quick, medium and lengthy-time period electricity sub-sectors such as renewable power, oil and gas exploration, oil downstream and upstream, and power efficiency. A Power Development Plan 2017-2030 based totally on monetary increase, forecast assumptions, and elasticity has been initiated.
forex team 