Elon Musk’s SpaceX preparing to enter Philippine market — DTI
REUTERS SPACE EXPLORATION Technologies Corp. (SpaceX) is preparing to enter the Philippine market, and is currently undertaking preparatory activities like site selection, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon M. Lopez said via Viber on Thursday that he
PHL aircraft maintenance market seen growing as travel industry recovers
DORNIER TECHNOLOGY By Arjay L. Balinbin, Senior Reporter DEMAND for aircraft maintenance in the Philippines is “growing strongly” as the airline industry sees a recovery in travel, according to Dornier Technology, an aircraft maintenance, repair and overhaul (MRO) company. “We see the recovery in the commercial airline industry
Spot power prices rise as quarantine eases
THE average spot market price on the wholesale electricity spot market rose 12.65% in late March, following to a pickup in demand to levels exceeding forecasts after the loosening of quarantine restrictions, which offset the return to operations of some
HCL Technologies seeking to expand IT-BPM operations in Bacolod City
REUTERS HCL TECHNOLOGIES Philippines, Inc., an Information Technology and Business Process Management (IT-BPM) company, is planning to expand its operations in Bacolod City, according to the Board of Investments (BoI). In a statement on Thursday, the BoI said it met with HCL
Legislator calls on gov’t to issue investment priorities plan soon
PHILSTAR THE continued delay in issuing the Strategic Investment Priorities Plan (SIPP) is not allowing Congress to exercise proper oversight over the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law, a senior House legislator said. Ways and Means
Incoming administration urged to broaden citizen participation in budgeting process
PHILIPPINE STAR/ MICHAEL VARCAS NONGOVERNMENT organizations pressing for more inclusive spending said the next government needs to encourage broader public participation in the budget process, noting the need to make the recovery effort more “equitable.” The People’s Budget Coalition (PBC) said in
PHL-Norway 2021 trade grows 120.90% amid greater use of FTA
DFA TWO-WAY TRADE between the Philippines and Norway grew 120.90% in 2021, mainly in the form of imports from Norway, as both sides made greater use of a free trade agreement (FTA), according to the Department of Trade and Industry (DTI). “Total
Pay P23-B estate tax now, Isko tells Marcos, Jr.
ISKO MORENO DOMAGOSO FB PAGE FERDINAND “BONGBONG” R. MARCOS, JR. — REUTERS MANILA Mayor and presidential candidate Francisco “Isko” M. Domagoso on Thursday challenged the son and namesake of the late dictator Ferdinand E. Marcos to pay billions of pesos of his
Love children may inherit from their grandparents — SC
PHILSTAR THE SUPREME COURT (SC) has allowed children to inherit from their grandparents and other direct ascendants regardless of their parents’ marital status. In a statement on Thursday, the tribunal said it has revisited the “Iron Curtain” rule under the Civil
Comelec may seek law vs candidates who skip debates
COMELEC FB PAGE THE COMMISSION on Elections (Comelec) may push for a law that will punish presidential candidates who refuse to participate in national debates, according to a commissioner. “After this election, maybe we can ask Congress to pass a law for