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In the first quarter of 2018, both positive and negative outcomes have been observed. The economy saw an increase in tax revenues, government expenditure and an incremental growth in GDP. [8] On the other hand, unprecedented inflation rates that exceeded projected calculations, [9] has been the cause for much uproar and objections. There have ...
The annual increase in electricity demand was anemic while the company's net income dropped from Php 62.2M in 1969 to Php 10.3M in 1971. It was not only the financial crisis that challenged Meralco. At that time, the Philippines was also plunging deeper into a political crisis. While Philippine society was modernizing and becoming more diverse ...
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
The National Grid Corporation of the Philippines (NGCP) is the transmission system operator for three grids constituting the Philippine grid and as a franchise holder and transmission service provider, it is in charge of operating, maintaining, and developing the country's power grid, [27] controls the supply and demand of power by determining ...
Interest income from a depository bank under the expanded foreign currency deposit system is taxed at the rate of 15%. [3] Income from long-term deposits and investments, when pre-terminated in less than three years after making such deposit or investment, is taxed at the rate of 20%; less than four years, 12%; and, less than five years, 5%. [2]
The government of the Philippines has legislated a number of policies in order to increase the use of renewable energy by the country. The government has committed to raising to 50% the contribution of renewables of its total electricity generating capacity, [ 2 ] with 15.3 gigawatts (GW) by 2030. [ 3 ]
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In an electrical grid, contingency is an unexpected failure of a single principal component (e.g., an electrical generator or a power transmission line) [1] that causes the change of the system state large enough to endanger the grid security. [2]