The Governance Commission for GOCCs (GCG) conducted an inspection of the Civil Aviation Authority of the Philippines (CAAP) facility on Monday, January 9, 2023, after the breakdown of the latter's Air Traffic Management (ATM) system. The breakdown affected 361 flights and stranded 65,000 passengers...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has asked the Civil Aviation Authority of the Philippines (CAAP) to submit its report over the severe system failure at the Ninoy Aquino International Airport (NAIA). In a statement released on Wednesday, Jan. 4, GCG...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) has set sight on a new vision and strategy that is aligned with President Marcos’ directive. Alex L. Quiroz, GCG chairperson said the commission is taking on the challenge to be an esteemed institution for corporate...
The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by half in the first semester, but bulk of it went to National Irrigation Administration (NIA). Data from the Bureau of the Treasury showed that financial support extended...
STA. CRUZ, Laguna--Big corporations and influential individuals who have been occupying Laguna Lake with their huge fish pens will have to go while small fishermen will be assured of wider fishing grounds if and when presidential candidate Senator Manny Pacquiao wins the Palace seat. SILVER...
The Securities and Exchange Commission (SEC) has approved five corporations that will acquire the bad loans and non-performing assets (NPAs) of financial institutions affected by the pandemic-induced crisis, the Department of Finance (DOF) said. In a statement, the DOF said that five Financial...
Pedro Bravo, president; and his wife Ma. Cecilia The Intele Builders and Development Corporation celebrated its 35th year with the theme "Years of Quality Service in the Telecommunications Industry." Celebrating the company's anniversary were Pedro Bravo, president; his wife Ma. Cecilia Bravo, vice...
The Philippine Pharma Procurement Inc. (PPPI), central procurement arm for all government agencies in the importation of drugs and medicines, has been absorbing huge losses in the past 14 years and was apparently untapped in the multi-billion importation of vaccines and vital pharmaceuticals needed...
The online Asian Family Enterprise Excellence Conference (AFEEC) 2021 being held this week (June 25-26, 2021) expects to draw some 1,500 attendees. png-AFEEC-e1623055650974 The virtual gathering, which features 45 international experts, researchers and corporate leaders, focuses on how Asian family...
The local economy’s external exposure as net external liability position was better in the last quarter of 2019 at P1.7 trillion or 24 percent lower than P2.2 trillion in 2018, the Bangko Sentral ng Pilipinas (BSP) said in its first Philippine Balance Sheet Approach (BSA) report. The BSP said the...
