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 aerospace and electric vehicle industries aim to grow their revenues and sales in the long-term under their respective roadmaps. According to the Department of Trade and Industry (DTI), the Aerospace Industries Association of the Philippines (AIAP) and the Electric Vehicle Association of the Philippines (EVAP) are set to present their respective industry roadmaps on Thursday. Under the aerospace manufacturing industry roadmap, the AIAP is proposing a long-term of goal of “establishing the country as an aerospace manufacturing hub in ASEAN (Association of Southeast Asian Nations).” As the AIAP aims to make the country a manufacturing hub in the region, it is also targeting to increase its revenues to $1.429 billion by 2022 from the estimated $385 million in 2013. The AIAP also wants to increase its employment by generating 8,300 direct jobs by 2022 from the 2,200 jobs it offered last year. The industry plans to build international capability and expand markets with government support. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The local aerospace industry dates back to 1941, when flag carrier Philippine Airlines marked its first flight, making the country one of the pioneers in the aviation industry in Asia. The industry has then expanded into aerospace parts manufacturing. At present there are three key players in aerospace manufacturing present in the country they are: MOOG Controls Corp., B/E Aerospace and Jamco Aerospace Inc. Meanwhile, the EVAP intends to promote the use of EVs for eco-friendly and efficient transport in the country. Read More …