Sen. Juan Miguel Zubiri (MANILA BULLETIN FILE PHOTO) Filipino martial arts officials have recently stood united to fight against the proposed bill in Congress seeking to ban combat sports for minors. The group was composed of 13 national sports associations that included Senator Migs Zubiri of...
Despite the expected Malacanang approval of the CREATE bill following Senate passage, the Management Association of the Philippines (MAP) said there is still so much to do to attract foreign direct investments. “We still have a lot of work moving forward. The restrictive provisions in our...
Foreign business groups target a more bullish $50 billion foreign direct investment inflows to Philippines and creation of 3 million jobs over the next ten years with new capital flows into IT-business process management, manufacturing, infrastructure, tourism and mining sectors, encouraged by the...
The Department of Finance (DOF) sees the light at the end of the tunnel as the Senate is seen to pass the corporate recovery and tax incentives for enterprises (CREATE) bill before the Congress takes its traditional Christmas break in December. In a statement, Finance Secretary Carlos G. Dominguez...
As the domestic economy continued to battle the impact of COVID-19 and the devastation from successive typhoons, Senator Imee Marcos urged the Duterte administration’s economic managers to be ‘bold, aggressive and quick’ economic stimulus response instead of the current “anemic” stimulus...
Foreign business chambers and the electronics industry have rallied behind the proposal of Senator Ralph Rector for a “grandfather” incentives system in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) Bill to ensure that existing investors will continue to invest in the...
Prospects for the electronics sector has brighten up with Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) now projecting a 7 percent growth in 2021 and an upgraded growth projection for 2020 from negative 15 percent to only 5 percent contraction. SEIPI President...
The central bank has fully awarded the P60-billion volume it offered for this week’s auction of 28-day Bangko Sentral ng Pilipinas (BSP) bills and it had a lower yield and bid ratio. The BSP’s securities offering is lower than P70 billion last week. Tenders amounted to P121.72 billion, higher...
...or as real as possible One of the things that made recently-crowned Miss Universe Philippines 2020 Rabiya Mateo of Iloilo stand out was her answer in the final Q&A portion of the pageant, when the top five contestants were asked: “If you could create a new paper currency with the image of...
Local contractors have joined hands to strongly oppose a bill that would fully open the construction business to foreigners, saying will spell the demise of the local construction industry which employs more than 4 million Filipinos. (MB file photo. Jansen Romero) House Bill (HB) 7337 seeks to...
State-run Land Bank of the Philippines (LandBank) is set to release P4.3 billion worth of loans to six local government units (LGUs) for the sole purpose of buying palay directly from farmers during this harvest season. In a statement, LandBank said yesterday that it recently made loan approvals...
The Philippine electronics industry suffered an estimated $4 billion loss as of August this year mainly due to the massive supply chain disruption during the pandemic, according to the Semiconductors and Electronics Industries in the Philippines Foundation Inc. (SEIPI). SEIPI President Dan Lachica...
