With the Bayanihan to Recover as One Act (RA 11494) signed into law, a P10- billion fund has been allotted to The Small Business Corporation (SBCorp), the government’s micro financing arm. SBCorp announced it will start rolling out on Monday, October 26, the P10-billion fund to ensure...
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...
Several business establishments – from a mall, fast-food and drugstore chains, and supermarkets to a European fast-fashion retailer and a North American coffee shop franchisee – have been the subject of reports from citizens over mishandling and misuse of contact-tracing data, prompting the...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
The Philippine Competition Commission (PCC) has issued rules on review of mergers and acquisitions (M&As) under Bayanihan to Recover as One Act (Bayanihan 2). The new rules took effect yesterday. The new rules detail the exemptions from compulsory notification and motu proprio review,...
Getting helpless over the Senate version of the proposed Coco Levy Act, coconut farmers will attempt to seek for the intervention of Senator Bong Go, the longtime aide of President Rodrigo Duterte, about the “unfavorable” provisions of the proposed bill that sought to release the P100-billion...
The Duterte administration has requested for a fresh provisional advance from the Bangko Sentral ng Pilipinas (BSP) in the amount of P540 billion. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) “The NG has requested for fresh provisional advance of P540...
The threat of illegal, unreported, and unregulated (IUU) fishing in the Philippines is estimated at P5 trillion annually, but there is just no exact way to measure how much the country is really losing from this. Rollan Geronimo, IUU Fishing Specialist for the United States Agency for International...
Finance Secretary Carlos G. Dominguez III is throwing support behind the proposed measure seeking to digitalize all government agency services provided to the public. Finance Secretary Carlos G. Dominguez III (MANILA BULLETIN FILE PHOTO) Dominguez said that Senate Bill (SB) No. 1738 or the...
Electric vehicles (EVs) are projected to account for 21 percent of total vehicles on the road in the Philippines by 2030, ultimately becoming the third auto manufacturing hub in ASEAN and a global manufacturing hub for low cost transportation and commercial vehicles. This is part of the...
The Philippine Competition Commission (PCC) will no longer review mergers and acquisitions with transaction value of less than P50 billion following the suspension of the exercise of this function under the Bayanihan to Recover as One Act (Bayanihan 2). Instead, PCC said will issue the...
The Bangko Sentral ng Pilipinas (BSP) will accelerate its gold purchases and will be more opportunistic in its gold trading, according to its highest-ranking official. MB File “BSP will be opportunistic, sell when gold prices are high,” said BSP Governor Benjamin E. Diokno over the weekend. He...
