THE DEPARTMENT of Finance (DoF) said the National Power Corp. agreed to pay P3.44 billion in dividends, including those in arrears, with the proceeds to help fund infrastructure projects.
Jun 302017
BusinessWorld Online: Economy
Jun 292017
THE legal division of the Mines and Geosciences Bureau (MGB) said a review of open pit mining ban issued by former Secretary Regina Paz L. Lopez has concluded that her order has no legal basis.
Jun 292017
THE GOVERNMENT’S momentous pivot to China has upended diplomatic arrangements in the region and raised alarms about Beijing’s possible stranglehold on the Philippine economy, but a little-examined aspect of the shift has been the desirability of the economically-vibrant Philippines as a market and an investment destination, giving Manila more leverage than many realize, analysts said.
Jun 292017
DIVIDENDS remitted to the Treasury bureau by government-owned and -controlled corporations (GOCCs) grew by over 700% at the May 15 payment deadline, the treasury bureau said.
Jun 282017
THE GOVERNMENT is looking to issue bonds to overseas Filipino workers (OFWs) in Saudi Arabia and the United States with a $500 million initial target, the National Treasurer said last week.
Jun 282017
A MOBILE application that can hasten business registration should be ready by next year in time for the World Bank’s assessment of the country’s standing in global competitiveness, an official of the National Competitiveness Council (NCC) said on Wednesday.
Jun 282017
Section 123 of the Corporation Code allows foreign corporations to establish their presence in the Philippines provided that a license is secured from the Securities and Exchange Commission (SEC). A foreign corporation is defined as one which is formed, organized, or existing under the laws of a country other than those of the Philippines. One option that may be considered by a foreign corporation, which does not intend to operate and engage in profit-generating activities, is to establish a representative office (“RO”) in the Philippines.
Jun 272017
THE PHILIPPINES is expected to be the region’s fastest-growing car production hub in the next five years, BMI Research said, driven by robust consumer demand and the government’s support through policies aimed to grow the domestic automotive industry.
Jun 272017
TRADE SECRETARY Ramon M. Lopez on Tuesday said he expects the foreign direct investment (FDI) to be “positive” in the next data release of the Philippine Statistics Authority (PSA), even as he qualified that the data presented by the agency is “not the total investment picture.”
Jun 272017
THE Energy Regulatory Commission (ERC) is planning to ask the Supreme Court for guidance on how the power industry should move after rules governing retail competition and open access (RCOA) was put on hold and left electricity users and providers unsure about the legality of their transactions.