Shares rebound as investors hunt for bargains
LOCAL SHARES recovered on Wednesday as investors hunted for bargains despite continued negative sentiment due to the Hong Kong protests.
Iloilo City council to review franchises granted to 3 water distributors
THE ILOILO City council passed a resolution on Tuesday seeking a review of the legality of the franchises granted by the previous council to three water distributors.
First tax reform bill hurdles House panel
THE House Committee on Ways and Means on Tuesday approved a bill increasing taxes on alcoholic beverages, making it the first tax reform measure to gain such approval in the 18th Congress.
Government relocation touted as traffic solution
A SENATE committee heard proposals Tuesday to relocate the national government out of Metro Manila and a street parking crackdown as possible long-term solutions to road congestion.
QC sets up task force to ease impact of 5 major projects
THE Quezon City government said it has established a task force to minimize road congestion during the construction of five national infrastructure projects in the city.
DoT to require firms to train staff in identifying exploited women, kids
THE DEPARTMENT of Tourism (DoT) said tourism establishments need to train their front-line personnel to detect the abuse of women and children as a precondition for DoT accreditation.
DA seeking to tap $840M in World Bank funding
THE Department of Agriculture (DA) is discussing $840 million worth of assistance with the World Bank to supplement funding for various programs, including one focused on providing agriculture extension services.
BoC to deploy 6 new X-ray machines to major container ports
THE BUREAU of Customs (BoC) is set to deploy six new X-ray machines in major ports over the remainder of the year, and is considering budget proposals for more such equipment.
Duterte signs measure reducing power bill
PRESIDENT Rodrigo R. Duterte signed a bill promising to lower power bills by tapping surpluses generated by the Malampaya gas project to cover some electric bill items, legislators said.
Peso weakens further
THE PESO weakened on Tuesday as protests in Hong Kong dented sentiment, causing markets to flock to safe havens.
PHL stocks decline as HK protests dent sentiment
LOCAL SHARES fell on Tuesday as heightened protests in Hong Kong dragged already negative sentiment due to the US-China trade war.
Nation’s chief diplomat retracts Chinese ship ban
FOREIGN AFFAIRS Secretary Teodoro L. Locsin Jr. retracted his earlier threat to ban Chinese survey ships from waters covered by the country’s exclusive economic zone, saying an international treaty bars the Philippines from doing so.