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DOMINATION of the Senate race by bets endorsed by or associated with President Rodrigo R. Duterte promises to revive the impetus for reforms in his last three years in office, analysts agreed on Tuesday, and Malacañang lost no time in listing prompt approval of the P4.1-trillion 2020 national budget and a shift to a federal form of government among its priorities for the 18th Congress that opens its first regular session on July 22.
AUTO SALES in April roughly steadied from a year ago, even as they dipped from the preceding month, according to latest data which the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association sent to reporters on Tuesday.
THE Philippine Competition Commission (PCC) has approved US-based Johnsonville International, LLC’s acquisition of a majority stake in local hotdog maker Frabelle Corp.
HYUNDAI Asia Resources Inc. (HARI) said it will decide by yearend whether or not it will push through with a P5-billion plant expansion.
THE Bases Conversion and Development Authority (BCDA) said the completion of Filinvest Land, Inc.’s (FLI) project in New Clark City (NCC) will generate up to a million jobs.
DIVERSIFIED conglomerate San Miguel Corp. (SMC) will have to conduct a tender offer to minority shareholders of Holcim Philippines, Inc. (HPI) in relation to its $2.15-billion acquisition of the listed cement manufacturer.
THE German government said Thursday that it has concerns about the Philippines’ compliance with the terms of its continued participation in a European Union (EU) preferential trade arrangement.
THE Department of Trade and Industry (DTI) said it remains confident of hitting its medium-term export target amid ongoing efforts to address bottlenecks hindering growth.
THE Filinvest Group is set to inject P20 billion worth of investment into all its projects in Clark City in Central Luzon over the next five years.
THE Philippine Retailers Association (PRA) has called on the Department of Trade and Industry (DTI) to look into whether foreign retailers are violating the rules on minimum investment levels to operate in the Philippines.
THE Philippine Competition Commission (PCC) said it will look further into GlaxoSmithKline (GSK) Consumer Healthcare Holdings, Ltd.’s proposed acquisition of Pfizer Inc.’s global consumer health care business to determine if the deal will reduce competition in certain pharmaceutical drug markets.
THE PROVINCE of Compostela Valley bagged P1.2 billion worth of investment pledges, surpassing its target to secure P500 million worth of business deals at the first De Oro Business and Investment Conference.
INVESTMENT projects registered with the Board of Investments (BoI) in the four months to April rose 46.5% year on year to P286.7 billion, led by the power industry.
THE PHILIPPINE STOCK EXCHANGE index (PSEi) failed to sustain strength seen for much of Friday, as profit-taking pulled the bourse back below the 8,000 line and capped a three-session rally.
ECONOMISTS expect production of agriculture -- which contributes a tenth to gross domestic product (GDP) and a fourth of jobs in the country -- to have contracted or registered flattish increment at best last quarter in the face of an El Niño-induced dry spell, according to separate interviews earlier this week.
PHILIPPINE exhibitors generated $42.08 million worth of sales and investment leads from over 300 foreign buyers at the Malaysia International Halal Showcase (MIHAS) last month, led by food products.
THE DIVISION of labor between the Philippine Competition Commission (PCC) and the Energy Regulatory Commission (ERC) will be clarified once the Supreme Court decides on a case which was elevated by the power regulator, according to a PCC official.
THE European Union has flagged at a World Trade Organization (WTO) meeting the Philippines’ practice of imposing sagefuard measures on float glass imports.
MAYNILAD WATER Services, Inc. said its customers in the cities of Muntinlupa, Las Piñas, Parañaque, Imus and Bacoor will experience low water pressure to no water supply until May 14 due to “reduced water production brought about by unusual algae proliferation” in Laguna Lake.
THE Philippine Competition Commission (PCC) asked the Court of Appeals to dismiss Grab Philippines’ (MyTaxi.PH, Inc.) and Uber Philippines’ joint petition questioning the agency’s authority to intervene in a consummated deal that falls below legal notification thresholds.
THE government said a free trade agreement (FTA) with South Korea could help the Philippines establish an electric vehicle industry because the country can support potential investment in a battery industry with its nickel and copper resources.
THE Contact Center Association of the Philippines (CCAP) said its members complied with safety standards, and added that the safety of employees was not endangered after several earthquakes struck the Philippines.
THE PHILIPPINES raised the need to review and eliminate trade-inhibiting non-tariff barriers (NTBs) at a recent meeting of Association of Southeast Asian Nation (ASEAN) ministers, the trade department said.
FOREIGN AND LOCAL delegates at the 2019 annual conference of the Boao Forum for Asia called for closer development coordination among peers, building on China’s Belt and Road initiative and the Regional Comprehensive Economic Partnership, in order to resist a wave of protectionism threatening the rules-based multilateral system.
THE Department of Trade and Industry (DTI) said the Philippines is expected to take in over $10 billion worth of investment and trade agreements to be generated by the Philippine delegation’s visit to Beijing on April 25 for the Belt and Road Initiative Forum.
THE PHILIPPINE Competition Commission (PCC) will check allegations of collusion among power plant operators amid recent outages “that may have contributed to price increases in the retail electricity market,” the watchdog said in a press release on Monday.
CLAIMS against Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) now total about $1.71 billion, according to a recent interview with the firm’s rehabilitation receiver who cited latest assessments and said she has yet to receive a “firm” business proposal.
THE Intellectual Property Office of the Philippines (IPOPHL) said it will seek to revive courts specializing in Intellectual Property Rights (IPR) cases, amid a surge in counterfeiting and with regular courts busy prosecuting illegal drug cases.
THE Department of Trade and Industry (DTI) said it will expedite the permit process for the construction of steel plants in the Philippines on orders from President Rodrigo R. Duterte.
THE Department of Trade and Industry (DTI) expects growth in the “low teens” for the construction sector this year, slower than the nearly 16% posted in 2018, due to the election ban on public infrastructure projects and the delayed 2019 budget.
THE PHILIPPINE Competition Commission (PCC) said it intends to form a task force that will look into previously-approved mergers and acquisitions to review how the deals developed amid fast-evolving regulations and industry structures.
AUTO SALES growth picked up in March from a nearly flat increment in February -- after 12 consecutive months of decline blamed on higher excise tax rates that took effect in January 2018 -- although this was not enough to pull the first quarter out of contraction, according to data released on Monday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association.
THE Philippine Competition Commission (PCC) said it approved AC Energy, Inc.’s purchase of a majority stake in Phinma Energy Corp.
TALKS for a free trade agreement (FTA) between the Philippines and the European Union (EU) have taken a back seat to monitoring of the country’s commitments under a preferential trade arrangement it bagged from the bloc in December 2014, according to a source from the European Commission (EC).
THE Philippine Economic Zone Authority (PEZA) said it will submit to the next Congress its proposed amendments to the current incentive regime, distinguishing more clearly between firms serving a mainly domestic market and exporters.
THE Intellectual Property Office of the Philippines (IPOPHL) seeks to strengthen the Intellectual Property (IP) Code with its recommended amendments now filed as a bill.