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23 March

Full foreign ownership of telcos, airline, media now allowed

President Rodrigo Duterte signed into law amendments to the 85-year-old Public Service Act that would allow foreigners full ownership of local airlines, telecommunications, mass media, railways and logistical or shipping operators. Republic Act 11659 removed the 40% equity cap on foreigners in public utility companies, while aiming to generate jobs and spur activity in the aftermath of the pandemic’s grave …

23 March

Philippines external debt ratios remain at prudent levels in Q4 2021

Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno reported that the Philippines’ outstanding external debt (EDT) remains at a prudent level as its ratio to Gross Domestic Product (GDP) recorded at 27.0% at end-December 2021. The ratio remains one of the lowest as compared to other ASEAN member countries. The country’s EDT expressed as a percentage of GDP is a …

23 March

All LGUs now serviced by LandBank

All local government units now maintain their deposit accounts with the Land Bank of the Philippines (LANDBANK). This enables LANDBANK to further expand its role as the biggest development partner of the LGU sector towards inclusive local development. LANDBANK President and CEO Cecilia C. Borromeo said, “LGUs are LANDBANK’s primary partners on the ground in promoting inclusive and sustainable growth. …

23 March

Metrobank Foundation wins Grand Anvil for its support to community pantries

The Metrobank Foundation, Inc. (MBFI) took home its 3rd Grand Anvil at the 57th Anvil Awards, specifically for its program that provided supplemental aid to 10 community pantries in Metro Manila. Organized by the Public Relations Society of the Philippines (PRSP), the Grand Anvil is given to a public relations program which stands out among the Gold Anvil winners. Considered …

23 March

Best performing LGUs recognized for Safety Seal compliance

Quezon City, Dasmariñas City, Cavite, and Bambang, Nueva Vizcaya topped the list of nine local government units (LGUs) that were recognized for their outstanding achievement in issuing Safety Seals to business establishments. The three LGUs were cited during the Recognition of Best Performing Local Government Units in the Safety Seal Certification Program, VaxCertPH Program, and National Vaccination Day held last …

23 March

PHirst Park Homes expands in Naic

PHirst Park Homes, Inc. (PPHI) – the first home buyer brand of Century Properties Group and Mitsubishi Corporation – kicked off its series of project launches in 2022 with the opening of PHirst Park Homes Naic, a 21.2-hectare development that offers 1,948 units with a total sales value of P3.5-B. Located along Governor’s Drive in Brgy. Halang, Sabang, and San …

23 March

Japanese Ambassador to invite investors to Philippines

The Japanese embassy is calling on more Japanese companies to invest in the Philippines following the recent signing of a law that amends the Public Service Act (PSA), allowing full foreign ownership in major business sectors. Japanese Ambassador to the Philippines Koshikawa Kazuhiko lauded the signing of the PSA by President Duterte, saying the new law, together with the Foreign …

23 March

What’s the best BNPL partner for side hustlers? Get to know from this episode of Kwentong HC

For the longest time, side hustles have always been an integral part of the Filipino working culture. Most commonly known to Filipinos as ‘raket’, these are sideline jobs undertaken for extra income. You see them everywhere – from your neighbor offering personal care products, a co-worker selling goodies and snacks at the office, or your former classmate with an online …

23 March

POC suspends tennis, athletics NSAs

The Philippine Olympic Committee (POC) executive board has suspended the national sports associations for athletics and tennis and will directly supervise the two federations’ national teams. Suspended for 90 days were the Philippine Athletics Track and Field Association (Patafa) and the Philippine Tennis Association (Philta). POC president Rep. Abraham “Bambol” Tolentino hopes the suspensions will ensure the participations of pole …

23 March

Patafa: No due process

The Philippine Athletics Track and Field Association (Patafa) cited the lack of due process in the Philippine Olympic Committee’s (POC) decision to suspend it for 90 days. Patafa said it was not given a chance to dispute the charges against it, especially the allegation that it refused to endorse its athlete, EJ Obiena, in the World Athletics Indoor Championship and …

TimeLine Layout

March, 2022