REUTERS THE Department of Trade and Industry (DTI) has notified the World Trade Organization (WTO) about its plan to look into possible safeguard measures against imports of resin products. The DTI launched its inquiry after receiving a claim from JG Summit Petrochemical Corp. that it has been harmed by unfair competition from imports. The WTO […]
PHILSTAR CONSTRUCTION INDUSTRY growth could outperform its regional counterparts over the next decade, despite the current slowdown caused by declining investment, with growth also losing momentum when compared with the 2006-2019 period, Oxford Economics said. In its Global Construction Outlook issued Monday, Oxford Economics said it forecasts a “robust” 5.5% average annual growth rate for […]
THE Anti-Red Tape Authority (ARTA) said it will work with local government units (LGUs) for a full nationwide rollout of online one-stop shops for their permits by next year, with the aim of improving the Philippines’ global innovation ranking. “Because of the sheer number of LGUs there will be a lot of work ahead of […]
WORKERS make reusable personal protective equipment (PPE) at Sasha Collection’s facility in Taytay, Rizal, Aug. 26. The government is urging the public to buy locally made PPE to support manufacturers. — PHILIPPINE STAR/MICHAEL VARCAS MANUFACTURERS are asking the government to review trade laws to protect local industries from the influx of “cheaper and substandard” imported […]
Bank lending growth continued to slow in July, the central bank said. — PHILIPPINE STAR/MICHAEL VARCAS BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno expects credit growth to pick up by yearend, as consumer and business confidence is restored with easing lockdown measures over the next few months. In an interview with ABS-CBN News […]
SPORTS VENUES around the country have been turned into quarantine facilities or coronavirus testing centers amid the pandemic. — REUTERS/ELOISA LOPEZ By Michael Angelo S. Murillo, Senior Reporter KIM REMOLINO, a silver medalist triathlete in the Southeast Asian (SEA) Games last year, has had to train on a home treadmill for months after Manila and […]
AVENGERS.SQUARE-ENIX-GAMES.COM By Jason Schreier, Bloomberg AT FIRST, the new Avengers video game from Square Enix Holdings, Co. is disconcerting, like watching a Tony Stark or Captain America impersonator at a children’s birthday party. After more than a decade of memorable performances from Robert Downey, Jr. and Chris Evans in Walt Disney Co.’s Marvel movies, the […]
By Adam J. Ang THE former electricity provider of Iloilo City filed on Monday an anti-competition complaint against the city’s present power utility. Embattled distribution utility Panay Electric Co., Inc. (PECO) said it filed with the Philippine Competition Commission (PCC) a complaint against Razon-led MORE Electric and Power Corp. (MORE Power) for allegedly prohibiting competition […]
MARIA AZUCENA “MARICHU” VERA-PEREZ MACEDA — WWW.FACEBOOK.COM/PROFILE.PHP?ID=100008366402386 FILM producer and Philippine film industry stalwart Maria Azucena “Marichu” Vera-Perez Maceda, affectionately known as Manay Ichu, passed at the age of 77 on Sept. 7 due to “an ongoing illness.” The announcement of her death was made via radio station DZBB where actress and DZBB anchor Ali […]
UNIVERSAL Robina Corp. (URC) is set to complete its acquisition of sugar milling assets from Roxas Holdings, Inc. after obtaining regulatory approval last week. The food and beverage manufacturer told the stock exchange on Monday it had received the go-ahead from the Philippine Competition Commission (PCC) to buy Roxas Holdings’ operations in Negros Occidental. Roxas […]