THE Trade department said it sought to expand collaboration between other government agencies and its investments promotion units network (IPU Net), through the signing of a memorandum of agreement (MoA). In a statement Wednesday, the Department of Trade and Industry (DTI) said Secretary Ramon M. Lopez, who is also chairman of the Board of Investments (BoI), witnessed the signing of a MoA among Finance Secretary Carlos G. Dominguez III and officials of agencies under the…"DTI signs ease-of-doing-business partnership with DoF agencies"
PHILSTAR THE Bohol-Panglao International Airport can now start accommodating flights at night, according to the Department of Transportation (DoTr). In a statement yesterday, the department said the Bohol gateway began operating flights up to 10 p.m. on Sept. 1. This comes after the DoTr upgraded the airport’s navigational equipment to allow it to handle planes landing at night. The airport’s operating hours have been extended to 16 hours (6 a.m. to 10 p.m.) from 12…"Bohol-Panglao airport can now handle night flights"
PHILSTAR THE Department of Labor and Employment (DoLE) is set to submit its recommendations regarding the proposed Department of Overseas Workers within the month, after submitting an initial draft in July. Speaking to reporters, Labor Secretary Silvestre H. Bello III said when asked for a submission timeline: “Anytime this month but our focus is really the budget hearings,” he said, referring the ongoing budget hearings at the House. The proposed 2020 National Budget of P4.1…"DoLE version of OFW dep’t bill ready this month"
FIRST GEN Corp. is looking to expand the reach of its planned floating storage regasification unit (FSRU) for natural gas to the provinces, including those in the Visayas and Mindanao, a company official said on Wednesday. “We want to make sure that we can walk before we run. We’ve been focusing on first of all, working on the base case. Now we’re very focused on the early introduction of LNG (liquefied natural gas) and in…"First Gen looking to expand reach of FSRU to Visayas, Mindanao"
RIZAL Commercial Banking Corp. (RCBC) will issue dollar-denominated sustainability notes out of its medium-term note (MTN) program, with proceeds to support the bank’s lending business. In a disclosure to the local bourse on Wednesday, RCBC said it will issue on Sept. 11 five-year unsecured sustainability notes via a drawdown from its $2-billion MTN program. The bonds will carry a fixed-rate coupon payable semi-annually or every six months. The bank said its initial price guidance for…"RCBC to issue five-year sustainability notes"
PHILSTAR THE Department of Labor and Employment (DoLE) said it will seek more funding to hire labor inspectors in order to sustain the momentum of worker regularization, after more than 500,000 private-sector contractual employees achieved permanent status during this administration’s term. At a budget hearing, Labor Secretary Silvestre H. Bello III said it deployed 700 labor inspectors earlier in the year to inspect more than 41,000 firms employing 1.5 million workers but is “requesting additional…"DoLE pitches for funding to hire more labor inspectors"
By Arra B. Francia, Senior Reporter CEMEX Holdings Philippines, Inc. (CHP) looks to secure shareholder approval to increase its authorized capital stock next month, amid plans to raise up to $250 million through a stock rights offering. In a disclosure to the stock exchange Wednesday, the listed cement manufacturer said it will conduct a special stockholders’ meeting on Oct. 16 to obtain approval for the authorized capital stock increase. CHP seeks to raise its authorized…"CHP seeks shareholder approval for capital hike"
BANK OF THE Philippine Islands will issue $300 million in green bonds as part of its medium-term note program. — BW FILE PHOTO BANK OF THE Philippine Islands (BPI) will issue $300-million in ASEAN green bonds, which will be part of its medium-term note (MTN) program. The bank said in a disclosure on Wednesday that it priced the issue at 99.641 with a re-offer yield of 2.577% on Sept. 3. The senior unsecured fixed-rate bonds,…"BPI raises $300 million via ASEAN green bonds"
Google will pay a $170 fine as part of a settlement announced Wednesday with the Federal Trade Commission and the New York Attorney General. The settlement found that Google-owned YouTube violated the Children’s Online Privacy Protection Act (COPPA) by illegally collecting personal information from children without parents’ consent. The information included identifiers used to track viewers of child-directed channels across the Internet. Google then profited from the information in the form of targeted ads. The…"Google Hit With a Record $170 Million Fine by FTC for Violating Children’s Privacy on YouTube"
PHILSTAR/EDD GUMBAN LEGISLATORS are considering amendments to afford a measure of protection for rice farmers suffering from weak prices for palay, or unmilled rice. The Safeguard Measures Act, or Republic Act 8800, authorizes the Tariff Commission to impose temporary protection for domestic producers if they are found to have suffered “serious injury” due to unfair competition from imports. “It may actually be an amendment to the Safeguard (Measures) Act. Also, we may add it to…"House panel studying rice safeguard measures"