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Mine revenue scheme seen out by May

This photo taken on March 26, 2006 shows workers walking through a mine tunnel in Itogon north of Manila.  AFP FILE PHOTO

The proposed new revenue sharing scheme for the mining sector may finally be ready for submission to lawmakers when Congress resumes session in May, Trade Secretary Gregory L. Domingo said Tuesday.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

House tackles antitrust measures

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House of Representatives. AP FILE PHOTO

Pending bills seeking to curb monopolies and unfair competition in business got a boost from various government agencies and business groups, which said that such measures were long overdue and needed in the light of the impending economic integration of countries in Southeast Asia by 2015.

Posted: March 11th, 2014 in Latest Business Stories | Read More »

MRT 7 construction delayed anew due to House probe

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Construction of the Metro Rail Transit Line 7 (MRT 7) may be delayed anew as Congress seeks to scrutinize the financial terms involving a private sector proponent, a lawmaker said on Thursday.

Posted: March 7th, 2014 in Editor's Pick,Headlines | Read More »

Tigerair-Cebu Pacific transaction worries legislators

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Lawmakers are looking into the takeover of Tigerair Philippines by dominant budget carrier Cebu Pacific Air and its potential impact on fares, a member of the House committee on transportation said on Monday.

Posted: February 25th, 2014 in Headlines | Read More »

Amending Epira high on Congress agenda–Drilon

Senate President Franklin Drilon: Epira amendment high on agenda. INQUIRER FILE PHOTO

Amending the Electric Power Industry Reform Act (Epira) to address the high power rates is part of Congress’ legislative package in the 16th Congress, Senate President Franklin Drilon said on Sunday.

Posted: February 10th, 2014 in Latest Business Stories | Read More »

Risky foreign ownership change

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If Speaker Feliciano Belmonte Jr. makes good on his earlier promise, the amendment of restrictive economic provisions of the Constitution will be high on the agenda of the House of Representatives when it reconvenes on Jan. 20.   Shortly after his election as Speaker last year, he filed a resolution seeking to amend the charter [...]

Posted: January 10th, 2014 in Columnists,Inquirer Columns | Read More »

In good faint

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Fear grips a good part of the business sector, owing to a bill that the Bangko Sentral ng Pilipinas (BSP) is pushing for in Congress. The bill entails drastic changes in the BSP’s 20-year-old charter, ultimately giving it awesome powers.   Just take a look at a couple of provisions in the bill that can [...]

Posted: January 9th, 2014 in Columnists,Inquirer Columns | Read More »

Citing need for rehab, gov’t mulls over budget hike

The Department of Budget and Management (DBM) and Congress are now mulling over the proposal to augment the proposed national budget for 2014 to accommodate the cost of post-calamity rehabilitation and reconstruction.

Posted: November 16th, 2013 in Headlines | Read More »

Relaxation of rules on directed lending eyed

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FILE PHOTO

Congress may relax or even scrap regulatory requirements for bank lending to farmers and small businesses, which expose these financial institutions to excessive risks, and jeopardizing their primary objective of safeguarding depositors’ money.

Posted: November 13th, 2013 in Latest Business Stories | Read More »

Belmonte: Meeting needed on spurring the economy

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Speaker Feliciano Belmonte. INQUIRER FILE PHOTO

House Speaker Feliciano Belmonte said he would ask President Aquino to convene the Legislative-Executive Development Advisory Council (Ledac) in order to determine what bills are needed to be tackled by Congress to help spur economic growth.

Posted: November 8th, 2013 in Latest Business Stories | Read More »

Resolution to help women in maritime sector filed

WIMAPHIL president Carla S. Limcaoco (leftmost) speaks during the launching of the “She-to-Sea Campaign” on June 25, 2013.  PHOTO FROM WIMAPHIL.ORG

As part of its efforts to work for the interests of Filipino seafarers, Angkla party list formally filed a resolution in the House of Representatives, urging the Departments of Labor and Transportation to aid in advancing the global seafaring careers of undervalued Filipino women mariners.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

For PH, US debt deal offers little comfort

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House Democrats rally behind Minority Leader Nancy Pelosi, D-California, center, as they tell the Republican majority they want a vote on reopening the government without clamping any restrictions on President Barack Obama's health care law, at the Capitol in Washington, Wednesday, Oct. 2, 2013. Although the US Congress narrowly averted a disaster that would have sent the global economy on a downward spiral, the Philippines’ top economic managers said that the global economy was not out of the woods yet. AP PHOTO/J. SCOTT APPLEWHITE

The United States Congress narrowly averted a disaster that would have sent the global economy on a downward spiral when it concluded a short-term deal to pay for the resumption of public services, allowing the US to avoid a debt default.

Posted: October 18th, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

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