Lopez Holdings Corporation has withdrawn its petition for voluntary delisting, which was filed with the Philippine Stock Exchange (PSE) on December 14, 2020 after sister company First Philippine Holdings Corporation reduced its tender offer size. In a disclosure to the PSE, FPHC amended...
The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand. “The revised targets are lower than...
First Philippine Holdings Corporation (FPH) is reducing the shares of Lopez Holdings Corporation it intends to buy through a tender offer to ensure that the public float does not fall below the minimum required to remain listed. In a disclosure to the Philippine Stock...
Stars will come down for the inauguration of President-elect Joe Biden and Vice President-elect Kamala Harris between January 17-20. Check out the powerhouse performers for this historic event, according to parade.com: Performers at the pre-inauguration We the People concert...
Trade and Industry Secretary Ramon M. Lopez will formally ask the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to allow younger kids, 10 years old from the current 15-year-old cap, to go out of their homes to further boost economic activities as the local...
Trade and Industry Secretary Ramon M. Lopez said the $1.9 trillion “rescue plan” announced by President-elect Joe Biden bodes well not just for the quick recovery of the US economy, but the entire world as well. “On the surfaces, it should be pretty positive. Definitely, we need...
The Department of Trade and Industry is consolidating a list of micro small and medium enterprises (MSMEs) that may also want to order COVID-19 vaccines. DTI Secretary Ramon M. Lopez said National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. has...
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...
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...
In this file photo, Filipina jin Pauline Lopez banners the Philippine flag after defeating Cambodia’s Aliza Chhoueng to bag the gold medal in women's taekwondo featherweight finals at the Ninoy Aquino Stadium last December. (MB File Photo) National taekwondo jins and coaches are expected to work...
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...
