PCC renews call to review foreign equity limit in public services
THE Philippine Competition Commission (PCC) is renewing its recommendation to amend the law that limits foreign equity in public services.
Unholy Mother, Our Lady of Limitless Lies
THE MUCH-AWARDED documentary The Kingmaker, by Lauren Greenfield, opens with the octogenarian Imelda Romualdez Marcos handing out crisp 20 peso bills to the clamorous rabble, through the purposely open window of her van. It was 2014, and Mrs. Marcos was in her latest political incarnation as the representative of Ilocos Norte-Congressional District 2. (When she turned 90 last year, her nephew Angel Barba, the son of President Ferdinand Marcos’ youngest sister Fortuna Marcos Barba, took over this seat.) But even then, the groundwork was being laid for the ascendancy of her only son, Ferdinand “Bongbong” Marcos, Jr.
Maynilad picks Consunji-led firm for 150-MLD water treatment plant
MAYNILAD Water Services, Inc. has chosen a consortium led by a unit of DMCI Holdings, Inc. to build a 150-million-liters-per-day (MLD) plant that will treat water from Laguna Lake, a company related to the water concessionaire said.
Workers without access to ‘decent’ jobs seen at 470M
ACCESS to decent work is deteriorating because employers keep offering inappropriate wages or demand long hours, the International Labor Organization (ILO) said.
Best films of the past 10 years
By Noel Vera
A GRIM DECADE, grimmer now in its passing. Not a lot of comedies on my list, and what laughter there is often dies strangled in the throat.
Lyft cuts 2% jobs on journey to profitability
LYFT INC. said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of profitability by the end of 2021.
Finance chief says another lease deal up for review
FINANCE Secretary Carlos G. Dominguez III flagged on Thursday another lease contract that will be up for review, adding to the list of agreements between the state and the private sector that the government found to be disadvantageous.
At least two lenders looking to set up PHL Islamic banking units
TWO TO THREE banks have expressed interest to set up an Islamic banking unit in the country, according to Bangko Sentral ng Pilipinas Managing Director Arifa A. Ala.
Petrobras workers call strike from Saturday; company says it is illegal
SAO PAULO -- Workers at Brazilian oil company Petrobras approved a plan to go on strike from Saturday, protesting a plan by the state-controlled firm to close a fertilizer plant and fire its 396 workers.
LANDBANK income grows 20% to P18.51 billion
LAND BANK of the Philippines (LANDBANK) saw its net profit grow by double digits last year, with assets breaching the two-trillion mark.
BPI books higher net earnings in 2019
BANK OF THE Philippine Islands (BPI) booked double-digit growth in its earnings in 2019 backed by bigger revenues.
June seen as crunch time for power industry demand
POWER DEMAND in 2020 is expected to peak in June at around 14,191 megawatts (MW), reflecting heavy usage towards the tail end of the dry season, the Independent Electricity Market Operator of the Philippines, Inc. (IEMOP) said.