Automobile sales recover in June, first semester
CAR SALES recovered to post year-on-year increases both in June and last semester, according to data jointly released to media on Thursday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Departments, agencies consolidate rules governing foreign workers
FIVE DEPARTMENTS and four agencies have moved “to harmonize the regulations and policy guidelines governing the issuance of... documents to foreign nationals intending to work in the Philippines” that are currently provided under various laws.
Trade-in-goods gap narrows in May
THE COUNTRY’s trade-in-goods deficit narrowed in May as a slight export growth steadied while imports contracted, the Philippine Statistics Authority (PSA) reported on Wednesday.
FDI net inflows drop for second consecutive month in April — BSP
FOREIGN direct investment (FDI) inflows fell year-on-year on a net basis for the second straight month in April -- which nevertheless posted the biggest net inflow in nearly a year -- due to a significant cut in equity inflows that offset increases in reinvested earnings and intercompany lending, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
BoI OK’s 27% more investment pledges
THE BOARD of Investments (BoI) approved 27.4% more committed investments last semester from a year ago, fueled especially by power projects, the agency said in a press release on Wednesday.
Traffic crisis measure filed anew in the Senate
A MEASURE that will give President Rodrigo R. Duterte “emergency powers” to address worsening traffic and congestion in key cities for up to two years has been filed anew in the Senate.
Gov’t sets second round of mining audit
THE GOVERNMENT will start towards the end of this month the second round of its audit of the mining industry in order to ensure operations do not harm the environment and benefit host communities, the Finance department said on Monday, adding that it expects the review “to be completed by January next year.”
Senate chief seeks to hike state’s take from miners
A MEASURE increasing the government’s take from mining revenues, which forms part of the Duterte administration’s comprehensive tax reform program, has been filed anew in the Senate.
Corporate regulator issues rules for small business crowdfunding
START-UPS and micro, small and medium enterprises (MSMEs) may now raise up to P50 million through crowdfunding following the Securities and Exchange Commission (SEC)’s release of guidelines regulating this method of fund raising.
Analysts see IPO drought persisting
COMPANIES looking to raise funds via initial public offering can still be expected to stay on the sidelines for much of this year, as they await better market conditions amid easing inflation and improving global trade, analysts said in recent interviews when asked for their assessment.
Meralco bills down for 3rd month in July
HOUSEHOLDS in Metro Manila and surrounding areas can expect their electricity bills to go down for the third straight month in July, as Manila Electric Co. (Meralco) announced a P0.1068 per kilowatt-hour (/kWh) drop in overall rate as a slight increase in generation charge covering the June supply month was offset by a fall in other costs.
Gov’t infrastructure spending rebounds in May
STATE INFRASTRUCTURE spending recovered in May, according to a report the Department of Budget and Management (DBM) released to media on Monday, citing in part projects of the Transport and the Public Works departments.