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Richmond S. Mercurio
Richmond S. Mercurio
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Employers turn hopeful on contractualization rules
by Richmond S. Mercurio - March 27, 2017 - 12:00am
Employers are keeping their fingers crossed that the new labor department order (DO) on contractualization will not worsen the current unemployment situation in the country as they try to live with more restrictive...
CIAP: No unfair practices in local construction sector
by Richmond S. Mercurio - March 22, 2017 - 12:00am
The Construction Industry Authority of the Philippines (CIAP), an attached agency of the Department of Trade and Industry, said it sees no need to change its current licensing regulations amid allegations of unfair...
SL Agritech gets BOI perks
by Richmond S. Mercurio - March 22, 2017 - 12:00am
The Board of Investments (BOI) has approved the grant of incentives to SL Agritech Corp. for its P450-million hybrid rice seed project in Davao del Sur.
ECOP seeks clarification on ‘endo’
by Richmond S. Mercurio - March 22, 2017 - 12:00am
The Employers’ Confederation of the Philippines (ECOP) is seeking the help of the Department of Labor and Employment (DOLE) in clarifying among its members the provisions of Department Order 174 signed by Labor...
Focus on Phl economy, not politics, says ECCP
by Richmond S. Mercurio - March 21, 2017 - 12:00am
The European Chamber of Commerce of the Philippines (ECCP) is urging new investors from Europe to focus on Philippine economic aspects rather than political developments as disagreement over human rights issues between...
Consumer group supports bill vs online fraud
by Richmond S. Mercurio - March 20, 2017 - 12:00am
A consumer group led by former trade undersecretary Victorio Dimagiba has expressed support to a House bill seeking to provide protection to consumers and merchants engaging in online commerce by penalizing off...
More manufacturers want to raise prices
by Richmond S. Mercurio - March 20, 2017 - 12:00am
More manufacturers are feeling the pinch of the recent weakening of the peso in their operations, and are expressing their intent to jack up prices of their products.
Exports seen rising 10% this year
by Richmond S. Mercurio - March 20, 2017 - 12:00am
Philippine exports of goods and services are expected to climb 10 percent this year on the emergence of China and renewed demand from the country’s major markets, the top official of an umbrella group of local...
SteelAsia offers to acquire Nat’l Steel
by Richmond S. Mercurio - March 20, 2017 - 12:00am
SteelAsia Manufacturing Corp., the country’s largest reinforced steel bar maker, is offering to acquire National Steel Corp. in Iligan City and convert it into a state-of-the-art steel manufacturing compl...
Top business groups urge speedy completion of common rail station
by Richmond S. Mercurio - March 19, 2017 - 12:00am
Leading business groups in the country have jointly called for the speedy execution of the common train station project that would link the Light Rail Transit Line 1 (LRT-1) and Metro Rail Transit (MRT) Lines 3...
PCC OKs SM buyout of dormitory builder
by Richmond S. Mercurio - March 19, 2017 - 12:00am
The Philippine Competition Commission (PCC) has given its go-signal to SM Investments Corp. (SMIC)’s acquisition of a majority stake in a dormitory builder.
HK mfg, fashion firms to scout Phl prospects
by Richmond S. Mercurio - March 19, 2017 - 12:00am
Hong Kong-based firms are arriving next month to explore business opportunities in the Philippines, the Philippine Chamber of Commerce and Industry (PCCI) said.
Mining issues cloud Phl competitiveness
by Richmond S. Mercurio - March 17, 2017 - 12:00am
The Philippines may soon feel the backlash of the ongoing issues surrounding the closure and suspension of mining companies in its global competitiveness rankings, the National Competitiveness Council (NCC) sai...
Phl, China sign $1.7-B agri deal
by Richmond S. Mercurio - March 16, 2017 - 12:00am
In response to President Duterte’s call to help local farmers and fishermen, China signed yesterday an agreement with the Philippines for the purchase of local products worth $1.7 billion.
PCC backs lifting of foreign equity cap
by Richmond S. Mercurio - March 16, 2017 - 12:00am
The Philippine Competition Commission (PCC) supports initiatives in Congress to lift the foreign equity cap on industries such as telecommunications and transportation, saying provisions in the Public Service Act...
AmCham backs Duterte on fight vs smuggling, tax evasion
by Richmond S. Mercurio - March 16, 2017 - 12:00am
After criticizing the Duterte administration’s war on drugs and tirades against former United States president Barack Obama, the American Chamber of Commerce in the Philippines (AmCham) has expressed its support...
China gives P4-B aid for infra, drug rehab
by Richmond S. Mercurio - March 16, 2017 - 12:00am
The Chinese government is providing the Philippines a grant worth 550 million yuan (about P4 billion) to fund an “iconic” infrastructure project and support the rehabilitation program for drug addicts,...
Auto groups seek lower excise taxes, expanded price brackets
by Richmond S. Mercurio - March 15, 2017 - 12:00am
The two largest automotive groups in the country are asking the government to lower the excise tax rates to be slapped on automobiles as well as expand the different price brackets on which the new rates would be...
Phl, India eye pharma zone
by Richmond S. Mercurio - March 15, 2017 - 12:00am
The Philippines and India are exploring the possibility of setting up a pharmaceutical zone in the country to encourage the entry of more Indian manufacturing firms.
Philippines , China to finalize $1.5-B agri exports
by Richmond S. Mercurio - March 14, 2017 - 12:00am
The Philippines and China are set to sign tomorrow an agreement for the purchase of local agricultural products now worth $500 million more than the earlier estimated value.
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