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Manila Water press statement on arbitral award

Manila Water would like to state certain facts in the interest of public discussion on the award recently issued by an arbitral tribunal in favor of Manila Water as administered by the Permanent Court of Arbitration (PCA). We wish to clarify that the PCA is an internationally recognized inter-governmental organization.

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Government and stakeholders gather to discuss the Philippines’ trade agenda

Government and stakeholders gather to discuss the Philippines’ trade agenda The Department of Trade and Industry will hold the One Country, One Voice (OCOV) Forum on International Trade, “Seizing Opportunities Amidst the Challenges of International Trade,” on 4 December 2019 at the New World Hotel, Makati City. The OCOV Forum will bring together thought leaders and practitioners from the government, …

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Malaysia, BARMM keen on pursuing business partnership

The Malaysian Chamber of Commerce and Industry (MCCI) has expressed interest in bringing in big manufacturing enterprises in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), tapping the region’s vast workforce to make processed Halal (Islamic) food and rubber products, among others.

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Philippines positive on meeting macroeconomic targets

Malacañang remains optimistic in meeting its macroeconomic targets amid the lower-below-expected Gross Domestic Product (GDP) in the second quarter of the year.

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BIR collecting an initial P356-M in tax liabilities from POGOs

The Bureau of Internal Revenue (BIR) has collected an initial P186 million in withholding taxes from Philippine Offshore Gaming Operators (POGOs) and is getting another P170 million this month in tax payments from these businesses employing foreign nationals.

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NEDA: Boost in local demand to perk up trade

With global growth likely to remain sluggish for the remainder of 2019, the government must exert all efforts in boosting domestic demand and exports’ competitiveness to improve the Philippines’ trade performance, the National Economic and Development Authority (NEDA) said.

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The independence of Iza; the interference of Bea and Julia

Not only is Iza Calzado the senior among the bunch of these young beauties in local tinsel town she’s also the most independent of them all.

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LTO to begin RFID fee refund August 15

The Land Transportation Office (LTO) announced on Friday that beginning Thursday next week (August 15), motorists who have paid the Radio Frequency Identification (RFID) fees from August 1, 2009, to January 15, 2010, will be given refunds from their local LTO offices.

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DoF: Low 2nd quarter growth not unexpected

Finance Secretary Carlos Dominguez III said the growth of 5.5 percent in the second quarter was not an unexpected result given the residual effects of the four-months-and-a-half delay in the passage of the 2019 national budget by the House of Representatives.

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NFA continues to surpass palay buying targets

Despite the onset of the lean months of July to September, a period when palay harvest is very scant as natural calamities traditionally hit various parts of the country, the National Food Authority (NFA) is still able to buy palay from farmers and even surpass procurement targets.

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