Trade and Industry Secretary Ramon M. Lopez on Monday, (Feb. 22) urged the Bangko Sentral ng Pilipinas (BSP) to craft rules to encourage banks to lend more for auto loans stressing that banks have huge liquidity that they can use to help businesses recover. Trade and...
In preparation for the proposed transition of Metro Manila from General Community Quarantine (GCQ) to Modified General Community Quarantine (MGCQ), DTI Consumer Protection Group (CPG) Undersecretary Ruth Castelo and DTI Fair Trade Enforcement Bureau (FTEB) Director Ronnel Abrenica led a special...
The P63 billion MRT-7 is halfway complete, with civil works now 51.73 percent finished and electrical/mechanical (E&M) works 55.31 percent done. At last, almost two decades after the project's unsolicited proposal was submitted, the MRT-7 is opening next year. SMC president and COO Ramon...
Two subsidiary firms of diversifying conglomerate San Miguel Corporation (SMC) tendered the lowest bid for the competitive selection process (CSP) for the supply of 1,800 MW power capacity to Manila Electric Company (Meralco) over a 20-year year period. The winning SMC companies are...
The COVID-19 global pandemic is sorely testing our people's resolve to create a better life for themselves. SECRETARY RAMON LOPEZ Department of Trade and Industry (Photo by Mr Mark Ches Ang) This isn't surprising as the pandemic has shaken even the world’s strongest economies. That's why we at...
Business name registration for online retailing already reached 1,539 in January this year, almost hitting the 1,700 online retailers registered in the first quarter in 2020. This was revealed by Trade and Industry Secretary Ramon M. Lopez in his opening speech today, Feb. 18, at the Amazon...
Philippine National Volleyball Federation Inc. (PNVF) President Tats Suzara has appointed former national team players to comprise the association’s National Team Commission that would oversee the selection of future PH team members. Among those appointed were Fe Mejia-Moran, Grace Antigua,...
To speed up work on the Skyway Extension project, San Miguel Corporation (SMC) will close off the Alabang southbound exit toll plaza starting Saturday midnight, February 20, 2021. The Skyway Extension project is a key feature of the 38-kilometer elevated Skyway system, extending it from Skyway Main...
Life, at times, would bring existential twists. And once you are usurped by Divine prerogatives, you can either be knocked down or you can take that injunction of helping others – so they too may live on and thrive. That became the guiding light for billionaire and San Miguel Corporation...
Trade and Industry Secretary Ramon M. Lopez has warned of irreversible damages to the economy and future of next generation if the country’s high hunger and unemployment levels continue. Lopez said this as he meets today with Metro Manila mayors to explain the Cabinet economic cluster’s...
San Miguel Corporation (SMC) announced that it has distributed over 70,000 “nutribuns” to poor communities as part of its ongoing efforts to provide food aid for Filipinos struggling to cope with the impact of the pandemic. “It’s been almost a year since the pandemic started,...
Although cash lanes continue to operate, cashless electronic toll collection for motorists using both the Skyway and the South Luzon Expressway surged 85 per cent, San Miguel Corporation (SMC) today (February 16, 2021) reported. Better yet, Autosweep RFID toll collection improved traffic throughput...
