Thursday, June 27

Tag: Top News

Labor groups to Duterte: Fulfill your promise

Business
A united labor front on Thursday threatened to stage bigger demonstrations on Labor Day if President Duterte will not sign the new executive order (EO) on contractualization next month. Labor coalition Nagkaisa and militant labor group Kilusang Mayo Uno (KMU), which represent 90 percent of the country’s organized workers, said they will no longer tolerate […]

Duterte’s vow to abbreviate term raises eyebrows

Business
Few elected world leaders have more constitutional power than President Duterte. From Malacañan Palace, Manila’s answer to the White House, the Philippine President controls 83 percent of all public expenditure and appoints 12,000 government officials. US President Donald J. Trump, by comparison, is responsible for around  4,000 political appointees and needs Congress to approve his […]

De Lima wants selection of third telco scrutinized

Business
Senator Leila de Lima on Thursday filed Resolution 603 calling for a scrutiny of the selection process for the third telecommunications operator, as she voiced  serious concern over President Duterte’s “apparent partiality to pick a telco firm from China.” In a statement, the detained senator asserted “a need for greater transparency in the selection process to ensure […]

Duterte turns gun-shy on contractualization

Business
Known for his independent foreign policy, President Duterte is apparently now giving premium to what foreign investors will say on the issue of labor contractualization. The firebrand President again decided to delay the issuance of the much-awaited executive order (EO) that will finally clarify his administration’s position on contractualization, reportedly due to the need to […]

Retailers to government: Let NFA import rice

Business
The Philippines must import rice soon to avert spikes in the price of the staple and prevent unscrupulous traders from taking advantage of the diminishing stockpile of the National Food Authority (NFA), local rice retailers said on Wednesday. Grains Retailers’ Confederation of the Philippines Inc. (Grecon) appealed to the NFA Council (NFAC) to immediately approve […]

San Miguel sets P700-billion five-year capex

Business
Conglomerate San Miguel Corp. is allotting some P700 billion in capital expenditures (capex) over the next five years to fund the expansion of its core and new businesses. In an interview on the sidelines of the investors’ briefing for the company’s P30-billion bond float, San Miguel Senior Vice President and Head of  Treasury Sergio Edeza […]

PHL seeks to expand trade ties with Turkey, Hungary

Business
The country’s trade chief was able to secure Turkey’s commitment to expand trade relations with the Philippines in line with the Duterte administration’s goal of improving ties with nontraditional partners. Trade Secretary Ramon M. Lopez headed a delegation that convened the first Philippine-Turkey Joint Committee on Economic and Technical Cooperation (JCETC). He also discussed with […]