Business

Policy change sought for shrinking rural bank industry

By Sarwell Meniano and Lizbeth Ann Abella/PNA DULAG, Leyte – The Rural Bankers Association of the Philippines (RBAP) is seeking amendments of the law regulating countryside banking, citing unfair policies that triggered...

Poultry growers call for 40% tariff on deboned meat

By Lilybeth Ison/PNA MANILA -- An alliance of poultry growers is urging the government to revert the 40 percent tariff on mechanically deboned meat (MDM) as mandated under the World Trade Organization...

Big-time oil price hike set Feb. 26

By Kris Crismundo/PNA MANILA – Oil companies announced that they will implement big-time increments on pump prices Tuesday, February 26. Oil firms will hike diesel and gasoline prices by PHP1.45 per liter and...

Espenilla’s passing loss for gov’t: economic managers

By Joann Villanueva/PNA MANILA -- Economic managers said the government lost a valuable pubIic servant after Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. succumbed to cancer Saturday. Budget and Management...

Expanded Maternity Leave to cost SSS P7.5-B more

By Joann Villanueva/PNA MANILA -- The Expanded Maternity Leave law, which was signed into law last February 20, is expected to cost the Social Security System (SSS) an additional PHP7.5 billion in...

PCC raises threshold for merger notifications

By Aerol John Pateña/PNA MANILA -- The Philippine Competition Commission (PCC) has raised the threshold for mandatory notifications of mergers and acquisitions (M&A) to ensure that transactions will not substantially lessen competition...
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