Trade and Industry Secretary Ramon M. Lopez preferred the passage of pending economic bills that will open certain domestic industries to majority foreign ownership rather than tinkering the Constitution or charter change (cha-cha). At the "Laging Handa" briefing, Lopez explained that as a matter...
Advocacy group Philippine Business for Education (PBEd) on Thursday unveiled its recommendations for a comprehensive set of reforms to address the learning crisis in the country. “With a learning crisis on our hands and the future of millions of Filipinos at stake, what we need now is a...
After connecting North and South of Metro Manila with its P70 billion Skyway 3, San Miguel Corporation (SMC)'s next move is to link East and West of the metropolis via the P95.40 Billion Pasig River Expressway (PAREX). "By providing seamless access between north and south, we unlock the true...
San Miguel Corporation (SMC) is set to fully open all seven lanes of the 18-kilometer Skyway Stage 3 elevated expressway from the South Luzon Expressway in Alabang to the North Luzon Expressway, after official ceremonies on January 14, Thursday afternoon. In preparation for the opening ceremony,...
Leading oil firm Petron Corporation rescued the country’s only petroleum refining facility from near-shutdown after securing approval on its application as registered enterprise of the Authority of the Freeport Area of Bataan (AFAB). The non-closure of its refinery business was confirmed by...
The reimposition of the 40 percent tariff on mechanically deboned meat (MDM) will bring in additional P5.5 billion revenues to the country, but will only mean minimal increase in prices for consumers, according to Samahang Industriya ng Agrikultura (SINAG). SINAG made this case as it formally...
PSC commissioner Ramon Fernandez The Philippine Sports Commission (PSC) has earmarked around P15 million for the upcoming training of the Tokyo Olympics hopefuls in boxing, taekwondo and karate under a bubble setup at the Inspire Sports Academy in Calamba, Laguna. "Well, I think a little over 15...
The Philippine Sports Commission (PSC) held an orientation Wednesday to Olympic aspirants in boxing, taekwondo and karate undergoing the training bubble at the Inspire Sports Academy in Calamba, Laguna this month. PSC Commissioner Ramon Fernandez said the orientation emphasizes the safety protocols...
Domestic automotive parts manufacturers and workers stood behind the Department of Trade and Industry’s (DTI) decision to impose provisional safeguard measure on imported completely built-up (CBU) cars and light commercial vehicles (LCVs) as a step that will arrest further decline in local auto...
Trade and Industry Secretary Ramon M. Lopez is not considering any price increase on basic necessities and prime commodities while big retailers also opposed price hikes as the economy is in recession. “We have not considered any price increase,” said Lopez as he clarified that although there...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top...
