Duterte fires head of the Pasig River Rehabilitation Commission
President Duterte on Tuesday fired the head of the Pasig River Rehabilitation Commission (PRRC) over allegations of graft and corruption.
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President Duterte on Tuesday fired the head of the Pasig River Rehabilitation Commission (PRRC) over allegations of graft and corruption.
THE media and nongovernment organizations (NGOs) took the largest hit from the rise of disinformation and fake news under the Duterte administration, as trust ratings in these two institutions dropped significant digits over the past two years, according to a survey.
The Anti-Red Tape Authority (Arta) has directed the Food and Drug Administration (FDA) to immediately release more than 3,100 applications for product renewal to reduce the backlog of documents pending before the agency.
European firms expect their trade and investment activities in Southeast Asia to grow over the next five years, but this may have to depend on how countries in the region secure their trade deals and hasten their economic integration.
NO compromise. The Philippine Economic Zone Authority (Peza) will push for an all-or-nothing exemption of its locators from the second tax reform package, reiterating its warning that the country will suffer from capital flight should the government insist on rationalizing fiscal incentives.
CONSUMERS from six markets across the Philippines could be left with fewer options when purchasing cement under San Miguel Corp.’s (SMC) acquisition of Holcim Philippines Inc., the country’s competition agency said over the weekend.
THE information-technology and business-process management (IT-BPM) industry will struggle to grow by 8 percent this year, as firms are having difficulty expanding their operations due to the ban on economic zone development in Metro Manila.
THE information-technology and business-process management (IT-BPM) industry is seen to benefit from the threat of higher labor cost in the United States, but the looming rationalization of fiscal incentives could neutralize that gain, a business leader said on Tuesday.
THE government has imposed a definitive safeguard duty of P10 per 40 kilogram bag on cement, nearly P2 higher than the previous rate imposed on imports.
The Departments of Trade and Industry (DTI) and Environment and Natural Resources (DENR) will jointly review existing environmental standards used in steel making to address industry concerns about the proliferation of induction furnaces in the Philippines.
Figures may be dissuading, but the country’s trade chief is banking on China to deliver huge sums of capital to the Philippines that should expand its manufacturing base.
Foreign firms on Tuesday backed the appeal made by the Philippine Economic Zone Authority (Peza) to exempt locators from the coverage of the government’s program to rationalize fiscal incentives as proposed in the second tax reform package.
The Anti-Red Tape Authority (Arta) will order the Food and Drug Administration (FDA) to fast-track the processing and approval of all pending applications for license renewal of food, pharmaceutical and cosmetic products as a first of many steps to resolve the agency’s backlog.
THE Bangko Sentral ng Pilipinas (BSP) has vowed to push for the legislation of measures and implementation of programs that will improve the access to credit of micro, small and medium enterprises (MSMEs).
THE government was able to catch up with its timeline for the “Build, Build, Build” (BBB) program due to a plan that expanded working hours in construction sites to 24 hours, from just 10 hours.
VEHICLE importers belonging to the Association of Vehicle Importers and Distributors Inc. (Avid) are having a difficult time recovering from their poor performance last year due largely to higher interest rates and tighter competition.
THE country’s trade chief has given assurances that the Philippines is shielded from any direct damage from the trade conflict between the United States and China, but admitted its protracted nature will take a toll on all economies.
THE Philippine Economic Zone Authority has asked lawmakers to amend the Peza charter to improve the operations of economic zones and update the menu of fiscal incentives for locators.
THE Philippines will only benefit from the tariff war between the world’s largest economies if the current menu of fiscal incentives is retained, as this will attract manufacturing firms fleeing China, industry leaders said on Tuesday.
The country’s trade chief has declared that bills seeking to enhance fiscal incentives granted to economic zone firms will be scrapped, saying these proposed measures contradict the objectives of the government’s Comprehensive Tax Reform Program.
EXPORTERS are shifting their focus to services trade, particularly in tourism, for the remainder of the year to make up for the sluggish performance of merchandise shipments.
THE local distributor of Hyundai models suffered from a sales decline of over 35 percent in July on double-digit slumps in the passenger car (PC) and light commercial vehicle (LCV) segments.
EFFORTS to cut red tape may run the risk of getting downgraded, as the Department of Budget and Management (DBM) approved just 15 percent of the funds requested by the Anti-Red Tape Authority (Arta) for next year.
Trade Secretary Ramon M. Lopez is hinting at imposing a safeguard duty of lower than P12 on a 40-kilogram bag of cement—the recommendation of the Tariff Commission—to pressure local manufacturers to improve their competitiveness.
The Intellectual Property Office of the Philippines (IPOPHL) is planning to implement a clustering and rewards system for its network of academic partners to push them to go beyond publishing and shift to creating new products.
INVESTMENTS approved by the Board of Investments (BOI) in January to July may have expanded by nearly one quarter, but the figure is not even one third of the agency’s target of P1 trillion for 2019.
TAKE that, Salceda. The Philippine Economic Zone Authority (Peza) on Tuesday said its grant of fiscal incentives are regulated by terms and conditions that require firms to perpetually expand their operations and markets, as well as modernize their products and services.
HONDA Motor Co. Ltd. has recalled for the second time over 14,000 Honda cars to replace their front-passenger air bag inflators that are prone to inflicting serious injuries to vehicle occupants.
IS Metro Manila the most conducive region to do business? Apparently not. Four cities and the lone municipality in the nation’s capital are lacking a business one-stop shop, making it challenging for investors to set up shop there.
TOYOTA Motor Philippines Corp. (TMP) on Monday introduced the Hiace Super Grandia to the domestic market with the objective of selling 400 units monthly on expected demand from rich households and hospitality service providers.
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