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11 manufacturing sectors under PCC watch

The Philippine Competition Commission (PCC) is keeping a close watch on various „priority“ industries in the local manufacturing sector for possible anti-competitive practices......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

City Savings Bank merges with PR Savings

The Bangko Sentral ng Pilipinas (BSP) has approved in principle the merger between Aboitiz-owned City Savings Bank and Isabela-based Philippine Resources Savings Bank......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

Best practices and remedies to avoid COA disallowances

With the intensified campaign of both the national government and the Commission on Audit (COA) in their thrust toward good governance, there has been a clamor for a program to address the issue of COA disallowances and solutions for those encountering such problems......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

Zamboanga industrial group backs coal use for power

An industrial association from Zamboanga is supporting the use of coal for power generation in the country as it aids canning industries in preventing the price of sardines from “spiking out of proportion.”.....»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

Banked Malampaya gas up for bidding

State-run Philippine National Oil Co. (PNOC) is selling its unused Malampaya gas called banked gas through a public bidding......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

GSIS asks members with overdue loans to pay before Sept 30

State-run Government Service Insurance System (GSIS) has urged its members to settle their past due loan accounts until Sept. 30 this year to avoid penalty and charges......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

PDIC sells P14 M foreclosed bank assets

State-run Philippine Deposit Insurance Corp. (PDIC) raised P14.2 million from the sale of assets of closed banks last month......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

Online recruitment seen to remain positive

Online recruitment activity in the Philippines is expected to remain positive for the rest of the year on the back of favorable economic conditions, employment website Monster.com said......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

NTC issuing new rules for frequency auction

The National Telecommunications Commission (NTC) is coming up with new terms of reference (TOR) for the auction of frequencies to be conducted for the selection a new major telco player......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

China steel firm investing $3 billion in Philippines

Chinese steel manufacturer Panhua Group Co. Ltd. plans to invest up to $3 billion to develop an integrated steel industry in the country, the Philippine Economic Zone Authority (PEZA) said......»»

Source: philstar philstarCategory: finance3 hr. 11 min. ago Related News

Duterte defends police order against loiterers

By Camille A. Aguinaldo President Rodrigo R. Duterte on Friday, June 22, said critics may challenge his recent crackdown order against “tambays” or loiterers before the Supreme Court. In his speech during the National Information and Communications Technology (ICT) Summit in Davao City, the President invoked the “parens patriae” doctrine to justify his directives to […] The post Duterte defends police order against loiterers appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance8 hr. 36 min. ago Related News

Where does the Philippines source most of its imported goods?

China, Japan and South Korea remained as the country’s top source of imports, accounting for 39% of the total from January to April this year, preliminary data from the Philippine Statistics Authority showed. The value of imports from China and South Korea posted double-digit annual growths of 14.7% and 37%, respectively. Meanwhile, imports from Japan […] The post Where does the Philippines source most of its imported goods? appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance8 hr. 36 min. ago Related News

Duterte: Choices for next Ombudsman are ‘unshakable men’

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte said on Wednesday, June 20, that he is currently reviewing the shortlist of aspirants for the next Ombudsman whom he described as “men” who are “unshakable.” Last month, Mr. Duterte said he will not choose politicians, especially “a woman,” to succeed Ombudsman Conchita Carpio-Morales who is […] The post Duterte: Choices for next Ombudsman are ‘unshakable men’ appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance8 hr. 36 min. ago Related News

Countries investing in the Philippines (Q1 2018)

By Lourdes O. Pilar, Researcher In the first quarter of 2018, foreign investors committed P14.21 billion for capital investments in the Philippines. Pledges by Japanese investors accounted for more than half of the total foreign investment commitments during that period, with P7.86 billion. The post Countries investing in the Philippines (Q1 2018) appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance8 hr. 36 min. ago Related News

4 mining firms fail MICC audit

Four mining sites out of the 27 earlier ordered closed or suspended by the Department of Environment and Natural Resources have failed the review conducted by the inter-agency Mining Industry Coordinating Council, the Department of Finance said yesterday......»»

Source: philstar philstarCategory: financeJun 22nd, 2018Related News

EU supports off-grid hybrid power projects

The European Union (EU) and the Department of Energy (DOE) are pushing for hybrid power projects in off-grid areas in the country......»»

Source: philstar philstarCategory: financeJun 22nd, 2018Related News

Boracay Water hikes budget amid rehab

Boracay Island Water Co. Inc. may adjust its five-year capital budget to allow it to accelerate the construction of the Yapak sewage treatment plant as part of the rehabilitation efforts in the island......»»

Source: philstar philstarCategory: financeJun 22nd, 2018Related News

Tax amnesty futile without bank waiver, says think tank

A planned tax amnesty program of the government would be pointless without the waiver of the bank secrecy law, according to fiscal policy think tank Action for Economic Reforms......»»

Source: philstar philstarCategory: financeJun 22nd, 2018Related News

IRC Properties reorganizes on diversification into infrastructure

IRC Properties Inc. is reorganizing its corporate structure as part of its diversification into the infrastructure sector as well as in the mass transport system industry......»»

Source: philstar philstarCategory: financeJun 22nd, 2018Related News

New export development plan up for Duterte approval

The Economic Development Cluster has submitted for President Duterte’s approval a new medium-term export development plan aimed at improving the global competitiveness of the country’s goods and services, the National Economic and Development Authority said yesterday......»»

Source: philstar philstarCategory: financeJun 22nd, 2018Related News