THE Philippine National Oil Co. (PNOC) is evaluating six proposals from six countries to build an integrated liquefied natural gas (LNG) facility estimated to cost $2 billion ahead of submitting these to the Department of Energy (DoE) by month’s end, an official of the company said.
THE DEPARTMENT of Finance (DoF) said that it accepted yesterday an initial payment from JT International (Philippines), Inc. of P3.44 billion on behalf of Mighty Corp. to cover the latter’s tax liabilities, but said the latter’s settlement offer remains under study.
PRESIDENT Rodrigo R. Duterte signed Executive Order (EO) No. 34 simplifying procurement process by allowing government agencies to proceed with some transactions without obtaining the approval of the Government Procurement Policy Board (GPPB).
AT LEAST P2 billion worth of state assets will be up for sale, including real property owned by the defunct Central Bank of the Philippines and the national government, as well as shares of stock, the Department of Finance (DoF) said.
While queuing for more than an hour just to catch a ride home, I noticed commuters in front of me giggling while staring at their smartphones with earphones on. I subtly leaned in to find out what was stirring their interest. On the screen, I saw the familiar faces of Korean actors of a prime time soap opera. I realized that the benefit of foreign telenovelas among Filipinos is that it helps to keep them calm and entertained, especially city commuters who endure hours of standing in line.
CAGAYAN DE ORO CITY — Socioeconomic Planning Secretary Ernesto M. Pernia said he expects Mindanao to go about its business normally even after the President sought the extension of martial law until the end of this year, as the government is simply ensuring that the conflict in Marawi is played out.
THE Philippines’ representative mission in Taiwan expects to launch a bilateral investment agreement with its host government by December, with the aim of encouraging more Taiwan agriculture and aquaculture businesses to set up shop in the Philippines.
THE Department of Agriculture is expecting cassava producers to be supported by the purchasing of Nestlé Philippines, Inc., which recently completed a protomalt processing plant in Lipa, Batangas.
THE BUDGET department said it aims to fully implement a restructuring in government by removing redundant functions by 2019.
THREE German companies are expanding their information technology and business process management (IT-BPM) operations in the Philippines in order to cater to the Asia-Pacific markets, the Trade secretary said.