The Department of Trade and Industry (DTI) has decided not to impose provisional safeguard duty on imported petrochemical products amid inconclusive findings in its preliminary investigation. Instead, DTI Secretary Ramon M. Lopez has referred to the Tariff Commission for formal investigation the...
Despite difficulties in raising revenues amid the pandemic, the national government opted to increase the amount of subsidy it extended to state-owned corporations due to mounting health insurance claims. Data from the Bureau of the Treasury revealed that the financial support extended to...
PT&T Corp. announced on Friday, Sept. 24, the appointment of Roberto B. Ortiz as chairman of the board. As the PT&T expands its footprint nationwide and solidify its digital transformation services, Ortiz’s entry is "timely as we shift gear towards raising funds and start our investor...
San Miguel Corp. (SMC) on Friday, Sept.23, broke ground for its P95 billion Pasig River Expressway (PAREX), a 19.37-kilometer, green, hybrid expressway. PAREX Ground Breaking (218) 9-24-2021 The six-lane elevated expressway will run along the banks of the river, from Radial Road 10 in Manila to C-6...
Eagle Cement Corp., a publicly-listed firm controlled by the family of tycoon Ramon S. Ang, is acquiring 100 percent of the capital stock of sister company Solid North Mineral Corp. (SNMC) for P3.57 billion. In a disclosure to the Philippine Stock Exchange, the firm said on Friday, Sept. 24, that...
State-owned Philippine Crop Insurance Corp. (PCIC) needs to be run by “industry professionals” to stop the company’s money losing business, the government’s chief economic manager said. Finance Secretary Carlos G. Dominguez III, who officially took over the chairmanship of PCIC on Friday,...
The NLEX Connector is on track to finish construction by first-quarter next year as the toll road’s first five-kilometer section is now half complete, a unit of the Metro Pacific Tollways announced. NLEX-Connector_Board-Map-scaled J. Luigi L. Bautista, NLEX Corp. president and general manager...
Opposition Senator Leila de Lima has urged the Senate to pass the resolution calling on the Metropolitan Waterworks and Sewerage System (MWSS) to immediately suspend construction activities in the Kaliwa Dam project following reports of multiple irregularities and violations of procedural...
Edward S. Go (photo from ADMU facebook page) Edward S. Go, a director in several companies under the MVP Group, passed away at the age of 83. Go was one of Metro Pacific Investments Corp.’s independent directors. He also held several positions in other companies; chairman of the Board at Hyundai...
Magsasaka Partylist Rep. Argel Joseph Cabatbat on Friday, Sept. 17 decried as illegal government’s decision to transfer the Philippine Crop Insurance Corporation from the Department of Agriculture to the Department of Finance. Sugarcane farmers In a press statement, Cabatbat said various farmers...
Singer, songwriter James Patrick “Jimmy” Bondoc was appointed to the board of the Philippine Amusement and Gaming Corp. (Pagcor). James Patrick “Jimmy” Bondoc In a statement released by the gaming regulator on Thursday, Sept. 16, Pagcor said that Bondoc, 46, was officially appointed by...
RCBC RCBC Bankard Services Corporation, the credit card arm of the Rizal Commercial Banking Corp. (RCBC) has snatched the Mobile Banking and Payment Initiative of the Year at the Asian Banking and Finance’ (ABF) 2021 Wholesale Banking Awards and Retail Banking Awards. In giving the award, ABF,...
