ARTA issues show-cause order to FDA drug center over inaction on drug applications
THE Anti-Red Tape Authority (ARTA) issued a show-cause order to the Food and Drug Administration’s (FDA) drug testing center for alleged inaction on more than 600 drug applications.
Mobile phones generate P2 billion in BoC collections year to date, up 27%
BUREAU OF CUSTOMS (BoC) collections generated by imports of mobile phones rose 27% year on year to P2 billion in the four months to April following the adoption of an improved valuation system.
Microfinance regulator eases compliance requirements for NGOs
THE Microfinance NGO Regulatory Council (MNRC) said it has eased the requirements for non-government organizations (NGOs) engaged in such lending in order to avert any failure to comply with the law governing the industry.
SEC signs on to framework enabling cross-border retail sales of funds
THE Securities and Exchange Commission (SEC Philippines) said Tuesday that it joined the ASEAN Collective Investment Schemes (CIS) Framework, which will allow institutions to offer investment funds to retail investors in other jurisdictions.
UNDP extends Philippine renewable energy program
THE United Nations Development Programme (UNDP) has extended the Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS) program to January 2023, the Department of Energy (DoE) said.
PHL COVID-19 response package lags region
FISCAL and monetary measures implemented by the Philippines last year in response to the pandemic lagged the packages rolled out elsewhere in the region, the Asian Development Bank (ADB) said in a report Monday.
Philippines expects to benefit from sustainable finance framework
THE international framework for sustainable finance could serve as a benchmark guiding the Philippines towards more appropriate goals in terms of climate change risk management, Finance Assistant Secretary Paola Sherina A. Alvarez said.
Industry seeking guidance on plans for reopening air travel
THE GOVERNMENT and private sector need to agree on a plan to open up international and domestic air travel once more, an industry official said Monday.
Transpacific Broadband targets 10,000 sites, towers for ‘third telco’
LISTED Transpacific Broadband Group International, Inc. (TBGI) said it has set a target to install 10,000 sites and towers for what it identified as the third player in the telecommunications industry.
WiFi contractor asked to return over $21 million
THE GOVERNMENT is asking the Hong Kong contractor hired to implement the P1.3-billion free WiFi project to return more than $21 million in unused funds, the Palace said Monday, with the Department of Information and Communications Technology (DICT) poised to take over the program.
DBM backs expanded repatriation budget due to longer quarantine period
THE DEPARTMENT of Budget and Management (DBM) recommended to President Rodrigo R. Duterte the provision of an additional P5.2 billion to fund the overseas worker repatriation program, the Labor department said Monday.
NEA electrifies 362 rural villages in first four months
THE National Electrification Administration (NEA) said that it has brought electricity to 362 rural villages under its Sitio Electrification Program (SEP) in the four months to April, the majority of which were in Mindanao.