PCC OKs CPGI’s acquisition of voting shares in subsidiary

August 14, 2020
According to the Mergers and Acquisitions Office, the proposed transaction is unlikely to give rise to competition concerns since it would not alter the current structure of the office leasing market, and there remain sufficient competitive constraints from other market participants in Makati and Bonifacio Global City post-transaction.

Face shield SRP should be below P50

August 14, 2020
Dimagiba, a former Trade and Industry undersecretary, said it would be hard to set the proper SRP for face shield at this time when there is already a government agency that requires wearing of face shield in public transportation.

Regaining consumer confidence key to  recovery

August 14, 2020
In a virtual briefing, First Metro Investment Corp. chairman Francisco Sebastian said whether the government spends P160 billion or P1.3 trillion for its stimulus program, “the difference will be the degree of pain that the people will have to bear over this time”.

$400-M ADB loan to help boost farm incomes

August 13, 2020
The Competitive and Inclusive Agriculture Development Program, Sub-program 1 would help the government expand economic opportunities in the farm sector by implementing trade policy and regulatory reforms, enhancing public services and finance to the sector, and expanding social protection to rural families.

Economic setback only temporary

August 11, 2020
“The contraction is temporary. The economy is robust, characterized by strong fundamentals: falling interest rates, appreciating peso making it the most appreciated currency in Asia; sound external sector with gross international reserves as high as $94 billion; low debt-to-GDP ratio which is the envy of many emerging economies; and robust banking industry with good capital adequacy ratio and low net performing loans ratio,” he said.

New battle plan eyed

August 09, 2020
In order to stave off an economy flatlining even before the country shakes off the pesky 2019 coronavirus disease pandemic, Recto said a “comprehensive health response”, especially testing, which in turn would rebuild confidence, is “the main ingredient of the cocktail of cures”.

PCA kicks off National Coconut Month celebration

August 09, 2020
Themed “Masaganang Niyugan tungo sa Kaginhawaan”, PCA Administrator Benjamin Madrigal Jr. said this year’s celebration aims to “heighten people’s awareness and appreciation for our industry’s promising contribution to our country’s economy and our people’s well-being.”