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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 »

Relaxation of rules on directed lending eyed


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 »

Flyers can get refunds–CAB


The Civil Aeronautics Board (CAB) reminded airline passengers whose flights were canceled during the recently scheduled airport radar maintenance in Manila that they could have their tickets refunded or rebooked, as provided for under the law.

Posted: October 25th, 2013 in Latest Business Stories | Read More »

Rules on tax breaks for foreign carriers OK’d


The Bureau of Internal Revenue has issued the implementing guidelines for the recently enacted law granting tax perks to foreign carriers.

Posted: September 26th, 2013 in Headlines | Read More »

Law restricting plastics use pushed

Consumernet-9, a consumer rights advocacy group in Zamboanga City, has urged local governments in the region to pass legislation that will regulate the use of plastic products.

Posted: September 6th, 2013 in Headlines | Read More »

Insurance Code amended; insurers’ capital raised


President Aquino III has signed into law the bill amending the country’s 38-year-old Insurance Code.

Posted: August 23rd, 2013 in Headlines | Read More »

DTI seeks repeal of special laws granting perks


The Department of Trade and Industry is seeking the repeal of over 50 special Philippine laws granting fiscal and non-fiscal incentives to various industries, as it moves to streamline the country’s incentive regime.

Posted: August 1st, 2013 in Headlines | Read More »

Review of Cabotage Law


In his state of the Nation Address last Monday, President Aquino asked Congress to, among others, amend the Cabotage Law to help maintain the growth momentum of the country’s economy.

Posted: July 26th, 2013 in Columnists,Inquirer Columns | Read More »

Change in mining law bucked


Changing regulations on mining will take a toll on all industries and will “harm the country’s credibility” as an investment destination, according to the Chamber of Mines of the Philippines (COMP).

Posted: July 17th, 2013 in Editor's Pick,Headlines | Read More »

The agriculture mechanization law


Last June 5, President Noynoy Aquino signed the Agriculture and Fisheries Mechanization Law. Two questions must be answered: (1) Is mechanization good for us, since it will surely cause job losses? (2) If it is favorable, what is needed to make it successful?

Posted: June 20th, 2013 in Columnists,Inquirer Columns | Read More »

New law seen to strengthen rural banks

The bill allowing foreigners to invest in rural banks in the country was recently enacted into law.

Posted: May 30th, 2013 in Headlines | Read More »

Bangko Sentral tightens rules on pawnshops


Bangko Sentral ng Pilipinas (BSP) has directed pawnshops to strictly implement identification requirements for customers to help ensure that items being pawned are not stolen goods or illicit covers for money laundering.

Posted: May 15th, 2013 in Latest Business Stories | Read More »



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