Manila Business
Firm mulls cutting mining operations in Zambales
LISTED company DMCI Holdings Inc. is studying the possibility of reducing its mining operations in Zambales Province.
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Construction of MRT extension begins
EXTENSION of the Metro Rail Transit (MRT) from North Avenue in Quezon City to Monumento in Caloocan City is "a go now."
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OFW deployment to Korea slows down
DEPLOYMENT of overseas Filipino workers (OFWs) to Korea under the Employment Permit System (EPS) has dropped to 39.8 percent, records of the Philippine Overseas Employment Administration (POEA) showed
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Mindanao power plant synchronized
LOPEZ-owned Energy Development Corporation (EDC) announced on Monday that the 52 megawatt (MW) Mindanao I Power Plant has been synchronized back into the grid.
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Customs begins monitoring Christmas goods
WITH only two months before the Christmas season, the Bureau of Customs (BOC) has started monitoring eight types of goods that are expected to arrive during these months.
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Canada mulls putting up business in RP
THE Canadian government is re-evaluating the economic position of the Philippines for possible trade.
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PSE changes indices composition
THE Philippine Stock Exchange (PSE) has removed and replaced several companies as part of the index.
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Palace welcomes improvement in inflation
EXECUTIVE Secretary Eduardo Ermita welcomed the slight drop in the inflation rating to 11.9 percent last month from 12.5 percent in August.
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PNOC to sell Petron shares
THE state-run Philippine National Oil Company (PNOC) is selling its 40 percent stake in Petron Corporation for a price of P6.85 per share.
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LTO to render fast, efficient service
VEHICLE owners, including public utility drivers, can now expect a fast and reliable service from the Land Transportation Office (LTO).
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Residential consumers to get meter deposit refund first
RESIDENTIAL customers of the distribution utility Manila Electric Company (Meralco) will be the first to get the refund for their meter deposits starting next month.
This after Meralco has finally completed the computation of the meter deposit refund (MDR).
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Customs releases Unioil's diesel
THE Bureau of Customs (BOC) has released Unioil Petroleum Corporation's 46 million liters of diesel.
"Commissioner Napoleon Morales temporarily lifted the suspension of Unioil's import accreditation, allowing the oil company to file formal entries and pay duties and taxes for their shipment," said Fernandino Tuason, chief of the bureau's Customs Intelligence and Investigation Service.
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DOE: RP has unused renewable energy sources
THERE are still untapped renewable energy sources in the Philippines, the Department of Energy (DOE) said.
Energy Secretary Angelo Reyes said that for the geothermal alone, "we still have about 1,200 megawatt (MW) available capacity that could be explore while for the wind we still have about 7,400MW accessible capacities."
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Canadian employers to hold job fair for OFWs
EMPLOYERS from Canada are arriving in the country this week to conduct a one-day job fair for "highly-skilled" overseas Filipino workers (OFWs).
Labor Secretary Marianito Roque said the job fair slated on October 7 at the Occupational Safety and Health Center (OSHC) grounds in Quezon City will start as early as 8 a.m. and will end at 5 p.m.
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Roque said initially 200 workers will be hired immediately by the Canadian employers.
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Employers asked to provide incentives
TO RAISE the productivity of workers, employers in the region are encouraged to provide non-wage benefits to their laborers.
Regional Tripartite Wage and Productivity Board (RTWPB) head Teodoro Delson said providing non-wage incentives to employees would be a more practical strategy to enhance the efficiency of workers.
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