Payments, martial law hampering Mindanao outsourcing growth
DAVAO CITY -- The growth of technology start-ups and the overall outsourcing industry in Davao is being hampered by payment system problems and the martial law in force in the Philippines’ southern islands.
PCA to seek implementation of 5% coconut content in diesel
AGRICULTURE Secretary Emmanuel F. Piñol said that the board of governors of the Philippine Coconut Authority (PCA) will recommend to President Rodrigo R. Duterte to fully implement a law increasing the coconut content of diesel to 5%.
PHL growth seen on track, but global, political risks hover
THE Philippines appears on track to sustain its growth path, although an uncertain global landscape coupled with domestic political risk could dampen prospects, an economist said.
Lloyds Energy declares interest in PNOC LNG tie-up
LLOYDS ENERGY GROUP LLC said it submitted a letter of interest to the Philippine National Oil Co. (PNOC) to join the selection process for PNOC’s joint venture partner to develop an liquefied natural gas (LNG) hub in Batangas Bay.
NFA rice auction attracts 13 potential international bidders
THIRTEEN international companies participated in the pre-bid conference of the National Food Authority (NFA) on Wednesday for an import order covering 500,000 metric tons (MT) of long-grain white rice of the 25% broken grade.
Fuel tax hike suspension stands, review possible next year — DoF
THE SUSPENSION of additional increases in fuel excise tax next year will continue even amid signs that international oil prices will not breach $80 per barrel in the last quarter of the year, Finance Assistant Secretary Antonio Joselito G. Lambino II said.
BoI-approved projects increase over 26% in 10 months to October
PROJECTS approved by the Board of Investments (BoI) in the 10 months to October rose just over 26% by value, with foreign-funded projects more than doubling.
Sotto casts doubt on tax reform passage by June
THE second tax reform package is not likely to pass before the 17th Congress ends on June 7, with Senate President Vicente C. Sotto III saying that the chamber has other priorities and signalled an unwillingness to compromise on its version of the legislation.
Japan commits to ODA deals on MRT-3, helicopter maintenance
THE PHILIPPINE and Japanese governments exchanged notes yesterday on the official development assistance (ODA) funding for the Metro Rail Transit Line 3 (MRT-3) rehabilitation program, and various items of defense equipment.
Dev’t finance law seen boosting US overseas investment
US INVESTMENTS in the Philippines are expected to increase with the passage of development finance legislation in the US, a US official said.
Board announces Nov. 22 effectivity of P25 NCR wage hike
THE NEW minimum wage for Metro Manila was announced at P500-P537 starting Nov. 22, reflecting a P25 increase, the National Wages and Productivity Commission (NWPC) said Wednesday.
GIR falls to 7-year low in Oct.
DOLLAR reserves slipped to a fresh seven-year low in October as the central bank defended the peso and as the government paid down maturing foreign debt.
