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Senate requires Smart to sell shares to public

By Luis Leoncio The Senate had spelled out conditions for the exten­sion of the franchise of Philippine Long Distance Telephone Co. (PLDT) mobile unit Smart Communications for anoth­er 25 years, including the public listing of the company’s shares.

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Government wants law to compel setting up of telco towers

By Riza Lozada The refusal of rich commu­nities to allow the installation of cell sites has been a major impediment to improving communications services, primarily internet speed, and the National Telecommuni­cations Commission (NTC) is urging Congress to enact a law to stop this.

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Aquino log ban a total flop, says PIDS study

The total log ban that former President Benigno S. Aquino III implemented under Execu­tive Order (EO) 23 was a “to­tal failure” and merely led to more corrupt practices in the logging industry, according to a study released by the Philip­pine Institute for Development Studies (PIDS).

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More power rate hikes feared after ERC order

The research group IBON warned the people that bigger power-rate increases loom during the dry season following the approval by the Energy Regulatory Commission of the staggered power-rate increase starting this month.

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Government auditing regulator not keen vs red tape?

The Board of Accountancy, the government’s auditing regulator, is being accused of impeding President Duterte’s efforts to curb red tape with its new requirements on financial reports submitted by taxpayers.

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EU warns Philippines may lose trade perks with death penalty return

A top official of the European Union (EU) warned the Philippines may lose billions of dollars in trade deals should the government pursue plans to resurrect the death penalty.

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ICCP hails start of WTO trade facilitation deal

The International Chamber of Com­merce, Philippines (ICCP) has wel­comed the entry into force of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA)—a landmark global trade agreement which could provide a boost to global trade flows of over US$1trillion.

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Reader’s Digest names trusted local brands

Global publication Reader’s Digest (RD) revealed the winners of the prestigious Readers Digest Trusted Brands 2017 Awards during a ceremony at the Marco Polo Hotel in Ortigas, Pasig recently.

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NGCP to ramp up expansion, upgrades

State grid operator National Grid Corp. of the Philippines (NGCP) plans to undertake several major facility improvement programs this year in its continuing pursuit of upgrading and strengthening the country’s power transmission network.

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Thrift banks confident of brisk 2017 business

By Riza Lozada Local thrift banks are optimistic on growth in lending busi­ness despite the impact of the proposed hike in automobile excise tax.

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