THE DEPARTMENT of Environment and Natural Resources (DENR) has temporarily shut down four nickel mines in Santa Cruz, Zambales after finding their operators failing to comply with regulations.
Jul 242014
Jul 232014
BACOLOD CITY — The General Alliance of Workers Association (GAWA) has filed a petition seeking an P85 increase in the daily minimum wage.
Jul 232014
MORE COMPANIES in the extractive industry have submitted waivers to the government for participation in an international revenue transparency standard, allowing authorities to look at their tax payments and credits for reporting under the initiative.
Jul 232014
IN A MERGERS and acquisitions (M&A) transaction, a buyer may sometimes seem to overpay when it buys a target. However, when one looks at the details, there may be a solid case for acquiring the target at a premium. Often, only one unique buyer may be in a position to offer a significant premium to the target.
Jul 222014
LOCAL AND FOREIGN industry groups have called for tighter monitoring of tobacco trade — through commissioning of a third-party group — to address persistent tax evasion in that sector.
Jul 222014
CONTACT centers providing voice-based services remained a mainstay of the business process outsourcing (BPO) industry in 2012, comprising bulk and posting the fastest growth in the sector, according to a recent report of the Philippine Statistics Authority (PSA)-National Statistics Office.
Jul 222014
DAVAO CITY — More than a thousand local government leaders nationwide will gather here for an entrepreneurship development training dubbed 3rd Negosyo sa Barangay to be held at The Royal Mandaya Hotel starting today.
Jul 212014
THE P64.9-billion Light Rail Transit Line 1 (LRT-1) Cavite Extension public-prive partnership (PPP) project has moved closer to implementation, with the Transport department’s (DoTC) bids and awards committee (BAC) endorsing it for approval by the Metro Manila railway regulator before awarding to a consortium of Ayala Corp. and Metro Pacific Investments Corp. (MPIC), an official said in a text message yesterday.
Jul 212014
MUMBAI/BANGKOK — Thailand is set to reclaim its status as the world’s top rice exporter as weak monsoon rains curb India’s crop, helping the Southeast Asian country’s new military government off-load bulging stockpiles.
Jul 212014
MANILA, Philippines – The tandem of Ayala Corp. and Aboitiz Land Inc. has asked Malacanang to dismiss the appeal filed by San Miguel Corp. (SMC) regarding its disqualification in the bidding for the P35.4 billion Cavite-Laguna Expressway (CALAX) project held last month. Team Orion, a 50-50 joint venture between Ayala’s AC Infrastructure Holdings Corp. and Aboitiz Land, submitted to the Office of the President a comment on the Memorandum of Appeal filed by SMC last June 27 appealing the disqualification of Optimal Infrastructure Development Inc. Team Orion spokesperson Roman Azanza III said the group earlier filed a Motion to Intervene with Malacanang to inform the public about the ongoing dispute in the award of the infrastructure project. “We believe that nobody or no entity should ever be allowed to undermine the bidding process. There are rules and procedures that must be followed in a public bidding. If we do not follow it, and if we let errant participants act outside of the rules of a public bidding process, then the whole process will lose credibility,” Azanza said. He warned that the controversy puts in peril close to P900 billion worth of major infrastructure projects under the Aquino administration’s PPP scheme. “We stand more to lose as a nation if we do not respect our own bidding rules and procedures. We need to keep the hard-earned confidence of investors in the stability and integrity of our public bidding process,” he said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “Losing Read More …