THE Board of Investments (BoI) has partnered with the with Tourism department and a business group to craft a roadmap for the Meetings, Incentives, Conventions and Exhibitions (MICE) industry.
Nov 252016
BusinessWorld Online: Economy
Nov 252016
AIRPORT officials have prepared measures to accommodate an expected increase in the volume of passengers this Christmas season, the Transportation department said.
Nov 242016
PRESIDENT Rodrigo R. Duterte is considering opening up the Philippines to new players particularly in the telecommunications and power industries, saying that such measures will encourage competition and improve the lives of the poor.
Nov 242016
THE Bank of China, Ltd. (BoC), one of the big-four Chinese state banks, will pair Chinese firms with local small, and medium-sized enterprises (SMEs) next year through “matchmaking” events, with a participation target of 1,000 Filipino firms by September 2017.
Nov 242016
DAVAO CITY — The planned 35-kilometer coastal road here, which will cost P34 billion to complete with a reclamation component, has been allocated an initial P1.98 billion in the 2017 budget of the Department of Public Works and Highways (DPWH), a regional official said.
Nov 232016
THE Construction Industry Authority of the Philippines (CIAP) said it expects a doubling in the number of contractors accredited for infrastructure projects by year’s end.
Nov 232016
THE Department of Agriculture (DA) said it will seek to increase tariffs on offal imports in order to head off a commonly-used avenue to misdeclare imports of meat products.
Nov 232016
The earliest set of rules governing the establishment and operation of a financing company in the Philippines — Republic Act No. 5980, otherwise known as “The Financing Company Act” — dates back to the ’70s. Since then, the law, including its rules and regulations, went through several amendments in a span of almost five decades. The first instance occurred during the late ’70s through Presidential Decree (PD) No. 1454 and the second was during the early ’80s via PD No. 1793. The two decrees amended only a single provision, which is Section 5 of the law. PD No. 1454 replaced the Securities and Exchange Commission (SEC) with the Central Bank’s Monetary Board (CB-MB) as the government agency empowered to prescribe the maximum rate of purchase discounts, fees, service and other charges of a financing company, while PD No. 1793 expanded such power by authorizing the CB-MB to eliminate, grant exemptions from or suspend the effectivity of prevailing rates whenever warranted by economic or social conditions.
Nov 222016
THE Department of Agriculture (DA) has ordered the revocation of all import permits for agricultural products issued by the agency as an anti-smuggling measure.
Nov 222016
THE Department of Agriculture (DA) is projecting a 4% increase in agricultural output in the fourth quarter following a concerted effort to plant hybrid rice seed in typhoon-hit areas.