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.
Sovereign investors shun Europe for Asia, emerging markets
LONDON -- Nearly three times as many sovereign investors plan to raise exposure to emerging markets rather than Europe this year as the continent’s attraction wanes due to slowing economic growth and rising political risk, a study by asset manager Invesco showed.
3rd major telco set to get permit today
THE MISLATEL CONSORTIUM is scheduled to complete its award as the new major telecommunications player today with the receipt of its permit to operate and radio frequencies from the government.
ERC to hear co-op plea to pass on realty tax
THE ENERGY REGULATORY COMMISSION (ERC) will hear this week a petition filed by electricity cooperatives to treat rural property tax (RPT) as a pass-on cost that can be collected from power users.
SEC to allow cross-border publication of ASEAN capital market reports
THE SECURITIES AND EXCHANGE COMMISSION (SEC) has drafted guidelines as part of a regionwide move to allow capital market professionals from Association of Southeast Asian Nations (ASEAN) members to issue research reports outside their home countries.
‘Imminent’ acceleration of infrastructure spending to fuel economic growth
AN ‘IMMINENT’ ACCELERATION of Philippine investment growth -- especially as the government speeds up infrastructure spending this semester after a four-month budget delay crimped expenditures in the first half -- should fuel faster economic growth next year, according to a July 5 HSBC Global Research ASEAN Perspectives report.