Plan to tap GOCCs for stimulus clears House panel
THE HOUSE Committee on Ways and Means has approved a proposal to tap government companies’ dividends more extensively to fund the third stimulus package.
ATI applies to raise cargo handling rates at Port of Batangas
LISTED PORT OPERATOR Asian Terminals, Inc. (ATI) and its unit ATI Batangas, Inc. (ATIBI) have filed applications with the Philippine Ports Authority (PPA) to increase cargo handling tariffs at the Phase I and Phase II terminals of the Port of Batangas.
Palace asks DICT to cancel free WiFi deal with SpeedCast
THE PALACE on Monday asked the Department of Information and Communications Technology (DICT) to cancel its contract with a Hong Kong-based satellite company tapped to implement the P1.3-billion free WiFi project, alleging the slow progress made in the rollout.
HMO industry 2020 profits surge as patients defer procedures
THE health maintenance organization (HMO) industry’s profits surged 465% to P7.12 billion in 2020, with patient deferment of medical procedures outweighing the added expense of treating coronavirus victims, the Insurance Commission said.
Investigation underway after corruption allegations against WiFi contractor
THE Department of Information and Communications Technology (DICT) said Monday that it is set to investigate corruption allegations against SpeedCast International Ltd, a Hong Kong-based firm tapped to implement the government’s free internet connectivity project.
Wholesale price growth picks up in February
WHOLESALE PRICE growth in general goods picked up on a year-on-year basis in February, according to the Philippine Statistics Authority.
March NCR retail price growth fastest in almost two years
RETAIL PRICE growth in Metro Manila grew at the most rapid pace in nearly two years in March, the Philippine Statistics Authority (PSA) reported Sunday.
Commission says 3 wage hike petitions pending
THE National Wages and Productivity Commission (NWPC) said there are three active regional wage hike petitions as of Monday.
Ban on imports of auto parts not compliant with Euro 4 deferred
THE RULE banning imported auto parts that are not compliant with Euro 4 emissions standards has once again been deferred, the Department of Trade and Industry (DTI) said.
Taxpayers are in for another bumpy ride
By Christian Derick D. Villafranca
This year has been one of the most challenging filing seasons ever, particularly for accountants.
House panel starts debating bills regulating shipping rates
THE HOUSE Transportation Committee started discussing on Friday two proposed measures seeking to regulate the charges imposed by international shipping lines.
NPC sets minigrid, RE construction target of 5 megawatts this year
NATIONAL POWER CORP. (NPC) said it hopes to build 5 megawatts (MW) worth of capacity in the form of minigrids and renewable energy (RE) systems this year, part of a broader goal of adding 45 MW in power capacity in remote islands and communities.