AMRO cuts PHL growth forecast anew
THE ASEAN+3 Macroeconomic Research Office (AMRO) has slashed its gross domestic product (GDP) growth forecast for the Philippines this year and 2020, due to “heightened uncertainties in the external environment.”
MWSS: Water firms cannot pass on SC penalties to consumers
WATER concessionaires Manila Water Co. and Maynilad Water Services, Inc. are not allowed to pass on the financial penalties imposed by the Supreme Court to its consumers, the regulator said on Friday.
DoJ to probe explosion in Bilibid
THE Department of Justice (DoJ) will be looking into security breaches in the New Bilibid Prison (NBP) after an IED exploded in the maximum security compound on Friday morning.
Panelo blames Congress for traffic mess
AS COMPLAINTS about the difficulties of commuting in Metro Manila multiply, Presidential Spokesperson Salvador S. Panelo blamed Congress, saying emergency powers should have been given to President Rodrigo R. Duterte three years ago to avoid the transport issues faced today.
JBC submits shortlist for SC Associate Justice
THE Judicial and Bar Coucil (JBC) on Friday submitted its list of qualified nominees to replace Supreme Court (SC) Associate Justice Antonio T. Carpio who is retiring later this month.
Economic managers to discuss imposition of safeguard duties on rice imports
AGRICULTURE Secretary William D. Dar has terminated the process of studying the imposition of safeguard duties on imported rice.
Urban farming bill filed
A LAWMAKER has refiled a bill which seeks to convert idle lands in the metropolitan area into agricultural spots to grow crops to ensure food security.
Bill eyes health warning for products with high sodium content
TWO LAWMAKERS have filed a bill requiring a health warning for food products with high sodium content.
SEC asks Google’s help in crackdown vs illegal lending apps
THE Securities and Exchange Commission (SEC) is seeking assistance from Google Philippines in its crackdown against illegal online lending applications.
PLDT to conduct consent solicitation exercise
PLDT, Inc. is seeking to amend the terms of its seven-year and ten-year fixed-rate bonds to help it gain flexibility in raising its budget for capital spending.
8990 pays P27-M fine imposed by PCC
8990 Holdings, Inc. has paid the P27.11 million fine imposed by the Philippine Competition Commission (PCC) after its subsidiary Urban Deca Homes Manila Condominium Corporation was charged with abuse of dominance.
PNB raises P4.6 billion via LTNCDs
PHILIPPINE National Bank (PNB) has raised P4.6 billion in long-term negotiable certificates of deposit (LTNCD), marking the second tranche of its P20-billion program approved by the central bank.