2019

DAR lines up intensified CLOA distribution to CARP beneficiaries

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By Jonathan L. Mayuga, February 15 2019; Business Mirror https://businessmirror.com.ph/2019/02/15/dar-lines-up-intensified-cloa-distribution-to-carp-beneficiaries/ Image Credit to Business Mirror The Department of Agrarian Reform (DAR) has lined up a series of certificates of land ownership award (CLOA) distribution, as it steps up the processing of land-distribution under the Comprehensive Agrarian Reform Program (CARP). The DAR’s latest thrust is consistent with […]

2019

Insurance firms allowed to invest in infrastructure projects

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By Rea Cu, February 15 2019; Business Mirror https://businessmirror.com.ph/2019/02/15/insurance-firms-allowed-to-invest-in-infrastructure-projects/ Image Credit to Business Mirror INSURANCE companies in the country have been given the go-ahead by regulators to invest their funds in state-led infrastructure projects, in a bid to boost the growth of the Philippine economy and help these firms meet the higher net worth requirement imposed […]

2019

More funds needed to hike social outlay

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By Melissa Luz T. Lopez, February 14 2019; Business World https://www.bworldonline.com/more-funds-needed-to-hike-social-outlay/ Image Credit to Business World THE PHILIPPINES can afford to increase state spending on social protection to help attain better living conditions by 2030, but it will have to raise more revenues to do so, the Asian Development Bank (ADB) said in a report released […]

2019

DBM sees new budget by end-Q1

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By Bernadette D. Nicolas, February 14 2019; Business Mirror https://businessmirror.com.ph/2019/02/14/dbm-sees-new-budget-by-end-q1/ Image Credit to Business World THE country will have a new budget by the end of the first quarter should Congress stay true to its word to submit the P3.757-trillion proposed national budget by March 1, Budget Secretary Benjamin E. Diokno said on Wednesday. Diokno […]

2019

ADB ‘repackages’ $500-million Metro transport development plan

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By Cai Ordinario, February 12 2019; Business Mirror https://businessmirror.com.ph/2019/02/12/adb-repackages-500-million-metro-transport-development-plan/ Image Credit to Business Mirror The Asian Development Bank (ADB) said it is preparing new rail-based projects for Metro Manila, as well as bridges, among others, to address congestion in the megacity. In an e-mail to the BusinessMirror on Monday, ADB Southeast Asia Department Director for Transportation […]

2019

DOH reports 70 deaths due to measles

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By Claudeth Mocon-Ciriaco, February 12 2019; Business Mirror https://businessmirror.com.ph/2019/02/12/doh-reports-70-deaths-due-to-measles/ Image Credit to CNN Philippines Health Secretary Francisco T. Duque III on Monday appealed to the public to “rebuild your trust and confidence in vaccines” as the country reels from a deadly measles outbreak that had claimed the lives of at least 70 persons in the past […]

2019

Ease of doing business rules issuance delayed

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By Roy Stephen C. Canivel, February 11 2019; Philippine Daily Inquirer https://business.inquirer.net/264873/ease-of-doing-business-rules-issuance-delayed Image Credit to Department of Trade and Industry The draft rules to implement the ease of doing business law were resent to Malacañang last month for further revisions, a setback in the campaign to cut excessive bureaucratic red tape. This moves the release of […]

2019

Budget underspending still an issue

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By Ben O. de Vera, February 11 2019; Philippine Daily Inquirer https://business.inquirer.net/264875/budget-underspending-still-an-issue Image Credit to Business World Underspending of the national budget persisted on the first full year of the Duterte administration, as over one-fourth of the appropriations for 2017 equivalent to P828.75 billion was unspent. A Department of Budget and Management briefer in relation […]

2019

Displaced Hanjin workers find new jobs in Subic ‘build, build, build’ fair

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By Henry Empeño, February 11 2019; Business Mirror https://businessmirror.com.ph/2019/02/11/displaced-hanjin-workers-find-new-jobs-in-subic-build-build-build-fair/ Image Credit to Business Mirror SUBIC BAY FREEPORT—Close to a hundred workers recently laid off by Korean shipbuilder Hanjin Heavy Industries Co.-Philippines (HHIC-Phil) Inc. found new jobs here on Saturday during a job fair conducted by various government agencies under the “Build, Build, Build” program. Preliminary results […]

2019

DTI defers rule on Euro 4 compliance

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By Janina C. Lim, February 3 2019; Business World https://www.bworldonline.com/dti-defers-rule-on-euro-4-compliance/ Image Credit to Department of Industry The Department of Trade and Industry has put on hold the implementation of a rule banning the importation of engines and used motor vehicles that are not compliant with the Euro 4 emissions standard. Trade Secretary Ramon M. Lopez said […]