Australian investment firm St Baker Energy Innovation Fund is committing an initial $10 million to jumpstart a mega battery manufacturing plant within the 120-hectare Filinvest Innovation Park-New Clark City in Tarlac, a province in Central Luzon. The company said the factory will produce lithium-ion batteries meant for home energy storage applications, small electric vehicles and their charging stations. The plant will start commercial operations in the first quarter of 2024 with an initial output of 150 megawatts per hour. It will then rise t ...
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MANILA -The Philippine Council for Agriculture and Fisheries (PCAF) is keen on eliminating unreliable and noncompliant suppliers to improve the procurement of agri-fishery machinery and infrastructure. In a statement, PCAF said stakeholders agreed that blacklisting should not be automatically revoked upon completion of the ban period for the errant supplier or constructor. It also said suppliers whose certificates of accreditation had been suspended or revoked and those who had been blacklisted by the Government Procurement Policy Board should ...
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Housing and revenue authorities have agreed to simplify as well as fast-track issuance of tax perks for government-led socialized housing projects. Specifically, the Bureau of Internal Revenue signed a memorandum of agreement (MOA) with the Housing and Urban Development Coordinating Council and the National Housing Authority to “streamline, facilitate and prioritize the processing and issuance of the BIR’s certificate of tax exemption (CTE) for transfers to the NHA of raw land intended for socialized housing projects,” the BIR said in a s ...
The Securities and Exchange Commission (SEC) has agreed with the Bureau of Internal Revenue (BIR) to share data that would help improve corporate tax collection. Under the data sharing agreement signed by the two agencies on Wednesday, the SEC will provide supporting documents for tax assessments, while the BIR will provide the tax identification number verification for better identity validation. “The partnership will support the implementation of the government’s 2024 National Tax Campaign, which aims to generate funds through timely paym ...
HANOI, Vietnam — Vietnamese tech giant FPT plans to build a $200-million-dollar artificial intelligence factory using Nvidia technology, the company said Tuesday, as Vietnam aims to become a semiconductor and AI hub. Long a low-cost destination for making clothes, shoes, and furniture, Vietnam is now eyeing a rapid climb up the global supply chain and has put computer chips at the heart of its development plans. FPT said it has established a strategic partnership with Nvidia, which includes plans to build a $200-million AI factory using Nvidi ...
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