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Makati City
Thursday, April 27, 2017
By Jovee Marie N. dela Cruz  @joveemarie TO beef up the financial backbone of local government units (LGUs) in time for the looming shift to federalism, a vice chairman of the House Committee on Appropriations is pushing for a measure to increase the share and guarantee the automatic retention...
DAVAO CITY—A survey conducted by one of the country’s leading insurance firms showed that “only 23 percent of Filipinos were able to finish college due to financial constraints.” Jenny Santos, director of agencies of Philamlife for South Central Mindanao, on Wednesday revealed that the survey was conducted by their company...
Two party-list lawmakers on Thursday threw their support behind a proposal to increase the national minimum wage to P750 a day for employees in the private sector and P16,000 a month for state workers. ACT Teachers Reps. Antonio Tinio and France Castro, citing a recent survey, said pay increases are...
The mining and quarrying industry earned P213.8 billion in 2014, according to the Philippine Statistics Authority (PSA). The largest contributor for that year was the nickel-ore mining sector with over a third of the output of the industry. Nickel-ore mining led all industries, producing P72.1 billion, or 33.7 percent of the...
The business sector is now studying to formally propose for the gradual cut of the funds allocated for the Conditional Cash Transfer (CCT) Program “maybe in a span of 10 years,” and shift this as loans for small businesses, according to Presidential Consultant for Entrepreneurship Jose Concepcion. In a briefing...
The country will achieve growth rates surpassing the 7-percent mark by unleashing the huge potential of mining, and the revitalization of the steel industry, according to a ranking executive of the Department of Science and Technology (DOST). Dr. C.P. David, DOST executive director of the Philippine Council for Industry, Energy...
The Philippine Tobacco Growers Association (PTGA) reiterated on Wednesday the interest of tobacco farmers in the country will be best served if cigarette manufacturers that process their produce into finished products pay the right amount of duties and taxes. “The best way for the cigarette manufacturers to support the welfare...
The Department of Labor and Employment  said the “no work, no pay” principle will apply on Friday, which was declared a special nonworking holiday by President Duterte in connection with the country’s hosting of the 30th Asean leader’s summit this week. “If the employee did not work, the no work,...
While Environment Secretary Regina Paz L. Lopez has shown much enthusiasm in implementing her so-called area-development approach and biochar livelihood program, mining companies appear to be oblivious about it. Ronald Recidoro, vice president for policy and planning of the Chamber of Mines of the Philippines (COMP), which represents the mining...
The Board of Investments (BOI) on Tuesday reported a 31-percent growth in investment pledges from January to April, with the P48.5-billion Cavite-Laguna Expressway (Calax) registering as the biggest project approved within the period. BOI Managing Head and Trade Undersecretary for Industry Policy and Trade Development Ceferino S. Rodolfo announced that...
The Philippines is the Asian Development Bank’s (ADB) fourth-largest borrower in 2016, according to a report released by the Manila-based lender on Tuesday. Based on the ADB’s Annual Report, total sovereign loans extended to the country reached $5.935 billion in 2016, some 7.42 percent higher than the $5.525 billion in...
The Light Rail Transit Authority (LRTA) will provide certificates for commuters who may be affected by the frequent breakdown of trains in the Light Railway Transit (LRT) system. The LRTA said this is part of efforts of government to address the recent “technical glitches” of trains in the major railway...
While some environmental groups welcome Environment Secretary Regina Paz L. Lopez’s plan to enlist the help of the New People’s Army (NPA), the antimining group Alyansa Tigil Mina (ATM) said armed groups, including NPA rebels, are not welcome in mining-affected areas. ATM said it is opposed to the idea of...
The chairman of the House Committee on Ways and Means on Monday expressed confidence that there will be a new Comprehensive Tax Reform Program (CTRP) by June. PDP-Laban Rep. and Committee Chairman Dakila Carlo Cua of Quirino said members of his committee will tackle the bill until its passage at...
JUSTICE Secretary Vitaliano N. Aguirre II is urging the Department of Budget and Management (DBM) to comply with the order of the Regional Trial Court in Quezon City for the release of the P139-million retirement benefits of 40 public lawyers. In his letter to Budget Secretary Benjamin E. Diokno, Aguirre...
The Department of Energy (DOE) said it wants the share of renewable energy (RE) to increase by at least 20,000 megawatts (MW) by 2040. “It is vital in our vision toward attaining 20,000 megawatts of renewable-energy capacities by 2040,” Energy Secretary Alfonso G. Cusi said during the launch of the...
The Philippine Institute for Development Studies (PIDS) urged the country’s telecommunication giants to work with the Philippine Competition Commission (PCC) to ensure their acquisition of San Miguel  Corp. (SMC) telecommunication assets will benefit consumers. In a study, PIDS senior research fellow Erlinda M. Medalla said it was not too late...
A non-governmental organization  said the National Food Authority (NFA) lied when it said it was unable to buy paddy rice from local farmers because private traders bought their crop at a higher price. Arze G. Glipo, executive director of Integrated Rural Development Foundation (IRDF), said the NFA “deliberately rejected” the...
The National Grid Corp. of the Philippines (NGCP) has reenergized lines 1 and 2 of its Biñan-Muntinlupa 230 kilovolt (kV) transmission line, following a fire incident that damaged its transmission tower in Alabang last week. “We were able to re-energize Biñan-Muntinlupa 230 kV lines 1 and 2 just a few...
The President’s economic team will be meeting with credit-rating agencies in Washington this week, according to National Economic and Development Authority (Neda). Socioeconomic Planning Secretary Ernesto M. Pernia recently told reporters these meetings will be done at the sidelines of the World Bank-International Monetary Fund Spring Meetings in the United...
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