26 C
Makati City
Tuesday, August 22, 2017
Sen. Cynthia A. Villar was awarded the Most Distinguished Alumni Award by the University of the Philippines Alumni Association (UPAA) during the homecoming and awards ceremonies at the Bahay ng Alumni in UP Diliman, Quezon City. Villar, in receiving the award, said, “I am truly honored to be among the...
International credit watcher Standard & Poor’s (S&P) believes the Philippine economy remains strong and domestically driven, as most risks to its growth would likely emanate from external factors. In its most recent review on Asia-Pacific Economic Snapshots, S&P retained its growth forecast of the Philippines at 6.4 percent at year-end,...
The Department of Foreign Affairs (DFA) will allot, beginning next year, some P1 billion to assist distressed Filipinos abroad, according to Foreign Affairs Secretary Alan Peter S. Cayetano. Cayetano assured Filipino diplomats, especially in the Middle East, of additional resources, which they would need to allow them to more effectively...
A vice chairman of the House Committee on Appropriations is pushing for a measure directing the Department of Labor and Employment (DOLE) to establish a three-year pilot program for telecommuting, or work from home, arrangements in select local industries. In House Bill (HB) 5630, Rep. Luis Raymund Villafuerte of Camarines...
Restrictions on university professors could be removed from the Philippines’s negative list, according to the National Economic and Development Authority (Neda). Socioeconomic  Planning Secretary Ernesto M. Pernia said the updated Regular Foreign Investment Negative List (RFINL) will be up for approval by the Neda Board, which is chaired by the...
The Department of Energy (DOE) is expected to inform the Power Sector Assets and Liabilities Management (PSALM) Board of its preference on how best to privatize the 650-megawatt (MW) Malaya Thermal Power Plant Complex (MTPP). “We are waiting for final wording of the final transaction documents. Our arrangement within the...
The House Committee on Dangerous Drugs is now studying the possibility of filing criminal charges with a maximum penalty of life imprisonment against Customs Commissioner Nicanor E. Faeldon, after 604 kilograms of methamphetamine hydrochloride, or shabu, valued at P6.4 billion, allegedly breezed through undetected in the express lane of...
The Philippines could surpass Thailand’s motorcycle sales this year, despite the difficulties being encountered by the local motorcycle industry, according to the Motorcycle Development Program Participants Association (MDPPA). MDPPA President Armando B. Reyes said his group has a more sanguine outlook for the motorcycle industry this year, after sales in...
The chairman of the House Committee on Appropriations last Sunday said the lower chamber will pass a supplemental budget to finance Republic Act (RA) 10931, or Universal Access to Quality Tertiary Education Act. Rep. Karlo Alexei B. Nograles of Davao City, the panel chairman, said several government agencies have unused...
The value of goods and commodities that were traded within the country’s borders increased 35.6 percent in 2016, according to data released by the Philippine Statistics Authority (PSA). The value of domestic trade reached P871.67 billion in 2016, higher than the P642.64 billion posted in 2015. The amount covered 24.35 million...
The Department of Energy (DOE) on Thursday said it would ask President Duterte to endorse to Congress the passage of a measure allowing the use of Malampaya funds to finance several interconnections projects. During the 2018 budget deliberations of the DOE, Energy Undersecretary and Spokesman Felix William B. Fuentebella said...
Cement importers on Thursday threw their support behind the Department of Trade and Industry’s (DTI) campaign against the entry of substandard imported cement into the country. In a news statement, Col. Dani Enriquez (Ret.), also the executive director of the Philippine Cement Importers Association (PCIA), stated that cement importers are...
A lawmaker on Thursday pressed the Philippine Competition Commission (PCC) to speed up its review of the acquisition of Japan Tobacco International Inc. (JTI) of tobacco firm Mighty Corp. Rep. Luis Raymund F. Villafuerte Jr. of the Second District of Camarines Sur has appealed to the government’s antitrust regulator to...
A Senate panel on Thursday postponed the approval of the proposed budget of the Department of Justice (DOJ) amounting to P17.276 billion. This postponement came after Senate Minority Leader Franklin M. Drilon requested for a second hearing to further discuss the preliminary report of the National Bureau of Investigation (NBI)...
The market leader in powdered beverages and snacks giant Mondelēz Philippines is proposing a more equitable tax base for the Department of Finance’s controversial sugar-sweetened beverage (SSB) tax, suggesting lawmakers and finance officials to base it on sugar content instead of a per-volume basis. Mondelēz Philippines, maker of powdered-juice drink...
Projecting the national budget to grow by P1 trillion within two years, from P2.682 trillion in 2016 to P3.767 trillion in 2018, Senate President Pro Tempore Ralph G. Recto on Wednesday voiced concerns that government agencies do not have have “the capacity to spend their allocations”. Recto sought assurance from...
The Asian Development Bank Institute (ADBI) has proposed the use of “kicker bonds” to boost infrastructure revenues in developing countries, including the Philippines. In an Asian Development Blog (ADB) posted on Wednesday, ADBI Dean Naoyuki Yoshino and Legal Advisor Grant Stillman said the infrastructure needs of developing countries, like the...
The unsolicited proposal of Ayala Corp. and SM Investments Corp. for the construction of an expressway to decongest major thoroughfares in Metro Manila, including the heavily congested Edsa, is currently being reviewed by the public-works department. Public Works Secretary Mark A. Villar said the P23.7-billion C3 Expressway (C3EX) proposal of...
The Department of Foreign  Affairs (DFA) on Tuesday assured the public that any joint exploration agreement between the Philippines and China over the South China Sea (SCS) would be compliant with the 1987 Constitution. This, after Foreign Affair Secretary Alan Peter S. Cayetano admitted that Manila and Beijing are now...
The Department of Health (DOH) is banking on an improved collection of tobacco excise tax to finance its Universal Health Care (UHC) program. “Though the fund of the and UHC have increased, it is not enough. The Philippines needs more funds to truly realize the universal health care,” Health ...
Advertisement