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ARTA to ensure green lane for vaccine manufacturers
The Anti-Red Tape Authority (ARTA) will meet with concerned agencies to discuss the establishment of green lane for faster processing of permit applications of local vaccine manufacturers following the directive of President Duterte.
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BSP vows to keep interest rates low if necessary
The faster recovery in more advanced economies and possible early start towards normalization will not necessarily translate to a similar monetary policy stance for the Philippines which intends to keep interest rates low in support of growth, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.
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DOF to sustain fiscal resources against pandemic
The Duterte administration’s chief economic manager has underscored the firm resolve of the Department of Finance (DOF) to keep the country’s strong fiscal position and ensure ample financial resources in the protracted battle against the coronavirus pandemic.
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SEC launches new e-registration system
The Securities and Exchange Commission (SEC) has launched the Electronic Simplified Processing of Application for Registration of Company (eSPARC) for faster and easier registration of corporations.
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SM Prime sticks to P80-B capex; Tetangco joins board
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is subjecting its P80-billion capital expenditure budget for 2021 to a quarterly review.
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Dominguez to take blame if pork imports fail
The Duterte administration’s chief economic manager has called on lawmakers to support temporary increased in pork imports at lower tariff rates to address the scarcity in the domestic supply of hog meat.
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Stocks up on bargain hunting
The local stock market posted some gains as investors started to pick up bargains late in the session.
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P/$ rate closes at P48.32/$1
The peso closed higher at P48.32 to the US dollar Tuesday, (April 20) from P48.35 the previous. The weighted average rate appreciated to P48.302 from P48.399. Total volume amounted to $684.6 million, according to the Bankers Association of the Philippines.
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HCPI brings back City Hatchback
Honda Cars Philippines Inc. (HCPI) is bringing back its popular City Hatchback model to maintain its dominance in the hatchback market after pulling out the Jazz model.
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Imported vehicle sales up 9% in Q1
Imported vehicle sales up 9 percent in the first quarter this year versus the same period in 2020 with commercial vehicles leading the growth, according to the Association of Vehicle Importers and Distributors, Inc. (AVID).
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NPC steps into alleged profiling of community pantry organizers
The National Privacy Commission (NPC) Tuesday, ( April 20 ) called the Philippine National Police (PNP) Data Protection Office to look into alleged profiling of Community Pantry organizers and take appropriate measures to prevent any doings of its personnel on the ground that could potentially harm citizens and violate rights.
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Shell scenarios: Reconciling climate goals in ‘energy hungry world’ post-COVID
With COVID-19 pandemic in the world’s kernel, societies have been petrified – first by the health crisis and next, the ensuing economic shocks.
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LRT-1 cancels April 24-25 service suspension
Light Rail Transit (LRT)-1 operations will no longer be suspended this weekend, April 24 – 25, 2021, because its operator completed the maintenance works ahead of schedule, the Light Rail Manila Corporation (LRMC) today (April 20) announced.