Electronics industry expects to hit $50-B export level by 2030
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said its industry road map sets a 6% annual export growth target which will help it achieve its $50 billion target for export sales by 2030.
PSE’s terms for PDS sale keep changing, Finance dep’t complains
THE GOVERNMENT said the Philippine Stock Exchange (PSE) is imposing constantly changing conditions for signing the agreement to sell its 20% stake in the Philippine Dealing System (PDS), a fixed-income exchange, thereby slowing the deal’s completion.
No legal basis for foreign ownership cap in contracting industry, gov’t think tank says
THE LIMITS on foreign participation in the contracting industry have no legal basis, according to state think tank Philippine Institute for Development Studies (PIDS).
DICT orders NTC to review fees for mobile spectrum held by Globe, Smart
THE Department of Information and Communications Technology (DICT) has ordered the National Telecommunications Commission (NTC) to review spectrum user fees for specific frequency bands to determine whether the rights holders are making efficient use of them.
MRTC: Sumitomo made valid MRT-3 rehab proposal
THE Metro Rail Transit Corp. (MRTC) asserted that it has a valid proposal to rehabilitate the Metro Rail Transit Line 3 (MRT-3) from Sumitomo Corp., after the Transportation department cast doubt on the proposal.
NFA gives rice importers 1-week extension due to bad weather
THE National Food Authority (NFA) said it will give rice importers a one-week extension on the contracted arrival date of their shipments due to bad weather, but added that a substantial portion of the latest batch of imports has landed in various ports.
Gov’t universities sign on to terms of free tuition law
PRESIDENT Rodrigo R. Duterte on Wednesday witnessed the ceremonial signing of the memorandum of agreement (MoA) between the Commission on Higher Education (CHEd) and state and local universities and colleges, thereby launching the implementation of Republic Act 10931, which provides for free tuition at these schools.
Unregistered cigarette-making machinery seized in BIR raids
THE BUREAU of Internal Revenue (BIR) has seized unregistered cigarette-making machinery in various locations as part of a broader crackdown on tax evasion in the tobacco industry, the Department of Finance (DoF) said.
No Sumitomo rehab proposal for MRT-3 — Transport dep’t
THE Department of Transportation (DoTr) clarified on Wednesday that Sumitomo Corp. did not offer to take charge of the Metro Rail Transit Line 3 (MRT-3) rehabilitation, though the Japan International Cooperation Agency (JICA) remains the source of funding for the project.
DTI allows 90 days for ease of doing business IRR approval
THE Department of Trade and Industry (DTI) said it is fast-tracking the drafting of the implementing rules and regulations (IRR) for the newly signed Ease of Doing Business law and has a 90-day timeline for its approval.
GSIS signals intent to continue funding infrastructure
THE Government Service Insurance System (GSIS) said it will continue to invest in private infrastructure projects after its current vehicle devoted to the sector committed nearly all of its funds to various investments.
Package 2 is under way!
By Noelie Kristine M. Tagle
“Get the tracks ready. I’m on my way.” -- Package 2