Manufacturing summit hoping to address growth decline
A MANUFACTURING-industry summit on Dec. 3 will seek to address slowing growth in the sector and anticipate challenges posed by technology and legislation, the Department of Trade and Industry (DTI) said.
SEC issues warning against unlicensed investment firm
THE Securities and Exchange Commission (SEC) has warned the public against Technovanti Neteligence, Inc., saying the company has no license to solicit investments or other securities.
Peso climbs versus dollar
THE PESO strengthened on Thursday amid risk-on sentiment following the passage of a US legislation supportive of Hong Kong’s autonomy.
Stocks drop as Trump signs bills supporting HK
PHILIPPINE SHARES failed to sustain its recovery on Thursday, reflecting the downward performance of Asian markets after the US decided to sign a bill supporting protesters in Hong Kong, which could negatively impact developments in the US-China trade war.
Duterte says there will be ‘no sacred cow’ in SEA Games ruckus
PRESIDENT Rodrigo R. Duterte will not spare organizers of the Southeast Asian (SEA) Games from punishment if allegations of corruption against officials including his ally Speaker Alan Peter S. Cayetano are proven.
NGCP says no instance of remote access to grid
THE National Grid Corp. of the Philippines (NGCP) said Wednesday that there was no cause for alarm over Chinese involvement in the power distribution system, noting that the grid’s controls have never been accessed remotely since the company’s founding.
BoC cites weak imports, fuel marking delay for missed targets
THE Bureau of Customs (BoC) told a Congressional panel that major ports failed to meet their revenue targets because of a slowdown in imports, adding that some targets have been set too high and do not account for delays in the fuel marking program.
PHL, S. Korea sign fisheries, aquaculture agreement
THE Department of Agriculture (DA) has signed a memorandum of understanding (MoU) with South Korea’s Ministry of Oceans and Fisheries (MOF) to collaborate in fisheries management and trade.
Gov’t union seeks uniform P16,000 starting salary for public sector
A GOVERNMENT workers’ union said it is pushing for a uniform P16,000 entry-level wage for public-sector workers.
Brownout-free power seen requiring diversified sources, latest coal tech
THE Philippines should diversify and modernize its sources of electricity to achieve the kind of uninterrupted power supply Taiwan has attained, according to officials of power generation companies from the Philippines and Taiwan.
CTA upholds South Luzon Tollway stamp tax ruling
THE Court of Tax Appeals (CTA) affirmed the cancellation of P50.5-million tax assessment against South Luzon Tollway Corp. over a Documentary Stamp Tax (DST) deficiency, among others.
Shares up on window dressing, trade deal hopes
THE PHILIPPINE Stock Exchange index (PSEi) rebounded on Wednesday as investors begin an anticipated Christmas rally, driven by optimism on positive developments in the Sino-US trade talks.