THE DEPARTMENT of Trade and Industry (DTI) expects to announce by mid-year the three car companies that qualified for the incentives offered by the government’s Comprehensive Automotive Resurgence Strategy (CARS) program.
Jan 142016
Jan 142016
THE PHILIPPINES remained the seventh most attractive country in the world for offshored jobs, as companies discover competitive labor supply in tier-3 cities, according to a report by consultancy A.T. Kearney.
Jan 142016
PRESIDENT Benigno S. C. Aquino III has signed a measure strengthening the legal staff of the National Labor Relations Commission (NLRC).
Jan 132016
THE HEAD of the Asian Development Bank (ADB) on Wednesday said its Board will soon green-light an additional $400 million for the Philippines’ conditional cash transfer (CCT) program.
Jan 132016
FIFTEEN YEARS ON, the deregulation of the power sector appears to have failed in its promise to bring down the cost of electricity in the country, speakers at a two-day energy conference said.
Jan 132016
It’s business permit renewal period once again. While some may assume that this annual process is a clear-cut routine devoid of uncertainties, still some Philippine Economic Zone Authority (PEZA)-registered firms could be uncertain whether they are required by law to secure a mayor’s permit from the local government unit (LGU) or to pay local business taxes (LBT).
Jan 122016
INDUSTRIAL PRODUCTION in November grew at its fastest pace in eight months, fueled by strong domestic demand, the government reported yesterday.
Jan 122016
GROWTH in the fourth quarter was likely the fastest in 2015, ING Bank said, due to “favorable” developments in government spending late in the year.
Jan 122016
ORGANIZATION of the Petroleum Exporting Countries (OPEC) will soon make efforts to convene before the next scheduled meeting in June as the slump in oil prices is hurting producers, including the world’s biggest exporter, Saudi Arabia, said Emmanuel Kachikwu, Nigeria’s minister of state for petroleum resources.
Jan 112016
A PROPERTY-DRIVEN banking bust remains far-fetched with Philippine institutions well-provisioned against loans turning sour, the Bangko Sentral ng Pilipinas (BSP) said, citing initial results of stress tests.