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Italy sells luxury state cars on eBay

luxury-cars1

Italy’s cash-strapped government has raised more than 370,000 euros by selling 52 luxury cars owned by the state through online auction site eBay, the prime minister’s office has said.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Gov’t subsidies to state firms fell in first 2 months

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Government subsidies to state-controlled corporations fell by more than half in the first two months of the year due to the improvement in governance of public firms.

Posted: April 17th, 2014 in Headlines | Read More »

NIA foils try to chop up P205-M project in Isabela

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Screengrab from www.nia.gov.ph

The National Irrigation Administration may have thwarted what seemed to be an attempt by officials at its Isabela regional office to break down an irrigation project into smaller contracts in order to sidestep a limit on the value of projects that local offices can award to contractors.

Posted: April 16th, 2014 in Headlines,Latest Business Stories | Read More »

Parts makers bewail auto roadmap delay

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Auto parts manufacturers have warned the government that a further delay in the release of the proposed automotive roadmap will deter the entry of new vehicle assembly and parts production investments into the country, amid a market where imports are increasingly slashing the share of locally manufactured units.

Posted: April 14th, 2014 in Headlines | Read More »

Citizens unite! Gov’t alone cannot lick corruption

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“CITIZEN’S Primer Against Corruption,”  by Concepcion C. Asis, Asis Publishing House, 2012

The recurring issue of corruption has enjoyed front page treatment for the last two weeks, highlighted by two events.

Posted: April 13th, 2014 in Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Privatization revenues forecast to drop sharply

State revenues from the privatization of real estate and mining assets are expected to slow down sharply in the second half of President Aquino’s term with legal and operational issues keeping the government from unloading larger properties.

Posted: April 9th, 2014 in Headlines | Read More »

Japan auto firms rue industry roadmap delay

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Toyota Innova assembly at Santa Rosa factory.  PHOTO BY TESSA SALAZAR

Japanese automotive firms may consider relocating their Philippine operations to neighboring countries if the government is unable to issue the much-awaited roadmap that will outline the strategic direction, policies and new incentives needed to make the automotive industry more competitive.

Posted: April 7th, 2014 in Headlines,Photos & Videos | Read More »

Gov’t budget deficit expanded by 75% in January

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Reconstruction efforts in areas affected by Super Typhoon Yolanda pushed the state’s budget shortfall up in January even as collections rose for the month, according to data released yesterday.

Posted: March 28th, 2014 in Headlines | Read More »

In Mindanao, agri groups heave sigh of peace

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Agriculture industry groups on Thursday heaved a collective sigh of relief during the signing of the comprehensive peace agreement between the Philippine government and the Moro Islamic Liberation Front (MILF), hoping that the pact would open up more “productive opportunities” in Mindanao.

Posted: March 28th, 2014 in Headlines | Read More »

Gov’t delays Cavite-Laguna Expressway bid submission deadline

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The Department of Public Works and Highways is pushing back the April 21 bid submission deadline for the 47-kilometer Cavite-Laguna Expressway (Calax) by a month as several bidders sought an extension.

Posted: March 27th, 2014 in Headlines | Read More »

Gov’t urged to amend Small Scale Mining Act

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A pro-business think tank involved in environmental issues on Tuesday called for revisions to the law governing small-scale mining, saying that better regulation would help the industry develop.

Posted: March 26th, 2014 in Headlines | Read More »

Professionals ordered to disclose rates

The government has blinked on rules aimed at improving the tax compliance of self-employed professionals, such as lawyers and doctors, amid controversies over their portrayal as tax cheats in state-funded shame campaigns.

Posted: March 22nd, 2014 in Headlines | Read More »

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