Friday , 29 March 2024

Economy

Gov’t commits opening infra to foreign firms

By Riza Lozada The government has agreed in principle to back the relaxation of the negative list for contractors to allow foreign-controlled firms to enter the booming construction activities in the country.

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Travel becomes Asia’s key business battleground

By Jerry Maglunog “The world is coming to Asia.” These were the words of London City lord mayor Alderman Alan Yarrow when he visited the Philippines in February this year.

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International deal signed to boost copyright protection

The International Trademark Association and the Intellectual Property Office of the Philippines (IPOPHL) recently signed a memorandum of understanding (MOU) during the 2015 INTA Annual Meeting in San Diego, California.

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NBI goes online for quick issuance of clearance papers

By Riza Lozada The National Bureau of Investigation (NBI) had started full implementation of its “Online Registration, Appointment and E-payment System” that significantly reduced the processing time of securing official documents, mainly NBI clearance.

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More kinks seen in sale of GFB

By Riza Lozada Pension fund Government Service Insurance System (GSIS) continues to be hounded by problems in selling its GSIS Family Bank (GFB) unit, as bidders wanted an assurance that the 20 branches of the bank would retain its privilege of being exempt from paying licensing fees.

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Philpost queried for featuring Pacquiao twice in stamps

By Riza Lozada The Philippine Postal Corp. (Philpost) is under criticism for featuring twice a living person—Manny Pacquiao—on its special stamp.

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UK, Phl group sign good governance pact

The British government and the civil-society organization Bantay Kita signed its third grant agreement last week, sealing their partnership in ensuring good governance in the extractive industry through the Extractive Industries Transparency Initiative (EITI).

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Truck rates still high, despite end of port woes

Exporters lamented the prevailing high trucking costs, which they said raises the cost of doing business, despite the rate reduction claimed by trucking companies following the resolution of the port congestion.

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Government claims drastic cut in poverty by 2016

By Riza Lozada The government unveiled a bold program which it claims will bring down the poverty level to 18 to 20 percent by next year from the current 24 percent of the population through a poverty alleviation scheme in nine select provinces with the poorest families.

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DBM speeds up release of climate-change funds

The Department of Budget and Management (DBM) is speeding up the release of funds for climate change by allowing the online submission of the budget. The Unified Accounts Code of Structure (UACS) that will expedite reportorial of expenditures was also introduced in government offices with an information campaign launched last week.

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