HIGHER INVESTOR yields are attracting Japanese property developers into the Philippine real estate market, paving the way for more international firms to follow and allowing the country to benefit from their technological expertise.
OFFICIALS OF the Land Transportation Franchising and Regulatory Board (LTFRB) in central Visayas have been directed to resolve the 815 pending applications for Uber and GrabCar in Cebu. LTFRB Chairman Martin B. Delgra III, in a press conference in Cebu on Tuesday, said the regional office should start processing the applications so drivers of these ride-hailing mobile applications could already acquire a provisional authority (PA). Mr. Delgra stressed that the applicants should first comply with all the requirements. Of the 815 pending applications, 693 are from Uber and 122 are from GrabCar. LTFRB Assistant Regional Director Rey Elnar, meanwhile, said 21 of the 103 transport network vehicle services (TNVS) operators and drivers, who were given a PA to operate for 45 days and renewable for another 45 days, have renewed their PAs. — The Freeman
By Michael Angelo S. Murillo
Reporter
JUNE 3, 2018 is a red-letter day for the multi-sport community in the country as it will mark the first time that the Philippines is hosting its first full IronMan.
THE GOVERNMENT is looking to tap the revenue from the offshore Malampaya natural gas project to fund a program that will provide electricity access to far-flung areas.
THE Philippine Stock Exchange, Inc. reported its net income declined by 9% in the second quarter, despite higher operating revenues.
THE PHILIPPINE Reclamation Authority has identified 20 illegal reclamation projects in the town of Consolacion in northern Cebu, have of which have already been given a cease and desist order Jamilo E. Rubiato, PRA general manager and chief executive officer, said the other 10 sites are still being evaluated. “These are illegal reclamation projects because they do not have a prior approval from PRA, among others,” said Mr. Rubiato. The projects range from one to five hectares, some of which are being sold as residential lots. Mr. Rubiato said the reclamation projects undertaken without the required approval of the PRA shall be considered illegal and will be forfeited to the State. “Filing of cases against violators is a tedious process. It will just be forfeited in favor of State,” he said. The PRA head also said he has already asked Consolacion Mayor Teresa P. Alegado to help them identify the owners of these alleged illegal reclamation projects. Ms. Alegado said these reclamation projects were implemented during the time of her predecessor. — The Freeman
THE SHELL National Youth Active Chess Championships (SNYACC) swings to Mindanao this month with a huge turnout expected in the northern Mindanao qualifying leg at SM City in Cagayan de Oro.
WASHINGTON — US President Donald J. Trump is close to a decision on how to respond to what he considers China’s unfair trade practices, a senior Trump administration official said on Tuesday.
FACEBOOK, Inc. is working on a video chat device for the home — the first major hardware product from its experimental Building 8 lab.
DAVAO CITY — The city council has endorsed Megaworld Corp.’s application for its information technology (IT) park to be accredited by the Philippine Economic Zone Authority (PEZA), subject to the company’s submission of a master drainage plan.
A UNIVERSITY of the Philippines geologist said the government should consider separating the Environmental Management Bureau (EMB) from the Department of Environment and Natural Resources (DENR) to boost its independence and its powers of enforcement.
NEW SHIPPING traffic separation schemes (TSS) in various parts of the country would be implemented starting this month by the Philippine Coast Guard following yesterday’s publication of four memorandum circulars dated June 6. The TSS, which applies to all sea vessels, designates traffic zones, routes, and direction as well penalties for non-compliance. The four areas are:
• Puerto Princesa, Palawan;
• Northern and southern parts of Iloilo Strait;
• Sarangani Bay in the SOCCSKSARGEN Region; and
• Balut Island (or Malulong Island), Davao Occidental
