Top News

By Riza Lozada The Court of Appeals (CA) has given the Philippine Competition Commission (PCC), the state anti-trust body, until Oct. 29 to reply to the urgent motion of Philippine Long Distance Telephone Co. Inc. (PLDT) for the issuance of a gag order in relation to the review of the P70-billion mega deal involving the acquisition by PLDT and Globe …

By Luis Leoncio The refusal of exclusive villages in Metro Manila to allow the installation of cell sites within their respective areas has hampered efforts to improve the coverage and internet experience of subscribers, according to telecommunications companies Smart Communications, Inc. and Globe Telecom Inc.

Fund manager Mark Mobius said investors should not be overly concerned with Presi­dent Duterte’s “firebrand” im­age, as his election is consistent with the global wave of chosen populist leaders who are effec­tively implementing law and order in their respective coun­tries, which is “a good thing” for their long-term prospects.

The highly positive results of re­cent surveys on President Duterte’s policies have affirmed that an over­whelming majority of Filipinos are oblivious to the negative political up­roar and are appreciative of his efforts in his first three months in office to make good on his promise to restore peace and order, sustain the growth momentum, and bring the benefits of our …

By Riza Lozada The Department of Energy (DOE) is pursuing the removal of the value-add­ed-tax (VAT) on the systems-loss charge and the universal charge on stranded debts to bring down electric­ity rates.

President Duterte will have the fi­nal say on the proposed two-year moratorium on the conversion of agricultural land for non-agricul­tural uses that has split some influ­ential members of his Cabinet.

By Riza Lozada A legislator has cred­ited Pilipinas Shell Petroleum Corp. (PSPC) for offering up to P184.25-million worth of common shares to its Fili­pino employees, alongside the oil refiner’s highly anticipated initial public offering (IPO) of up to P19.49-billion worth of shares from October 19 to 25. “We welcome Shell’s decision to enable its Fili­pino employees to become shareholders, and …

The Department of Trade and Industry (DTI) will push the development of the tourism industry to help small businesses, since tourism has a huge multiplier effect in terms of jobs generation, Trade and Industry (DTI) Secretary Ramon Lopez said.

By Luis Leoncio The ports sector in the Asia-Pacific sector will suffer the stron­gest impact from the headwinds of slowing econo­mies in the region, Standard and Poor’s Ratings Services (S&P) said in its latest report.

By Luis Leoncio Notwithstanding the supposed ill-effects of the incendiary “an­ti-American” rhetoric of President Duterte, which some quarters promptly blamed for the weakening of the stock market and the lo­cal currency, the World Bank (WB) said in a report that the Philippines has emerged as one of the most dynam­ic economies in East Asia in the first half.