China demand for PHL nickel strong if Indonesia ban stays

DEMAND FOR Philippine nickel ore will remain high in China if Indonesia maintains its nickel export ban, industry officials said Monday. “As long as Indonesia keeps its nickel export ban, demand for Philippine nickel ore from China’s NPI (nickel pig iron) plants will remain strong,” Chamber of Mines of the Philippines (COMP) Vice-President for Communications […]

ICTSI says efforts to make transactions at Subic port ‘more seamless’ underway

LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Monday said its Subic unit had been endorsed by the Agriculture department as a discharge port for imported livestock and raw materials. Agriculture Undersecretary Ernesto S. Gonzales signed the endorsement, citing the Subic Bay International Terminal Corp.’s role in “ensuring unimpeded trade for the livestock […]

IC says facilitation fees not considered as admitted assets

THE Insurance Commission (IC) said prepaid facilitation fees from bancassurance arrangements will not be considered as admitted assets of insurers in their statements of financial condition. Insurance Commissioner Dennis B. Funa issued Circular Letter 2021-07 dated Jan. 28 to clarify that facilitation fees paid in advance by insurance companies to a bank in a bancassurance […]

Retail chain stores moving out of high street as shopping moves online

CHAIN STORES are moving out of the high street. Recent high-profile deals, such as online fashion retailer Asos’s purchase of high street brands including Topshop and Miss Selfridge from the Arcadia group, and the acquisition of Debenhams by another online business, Boohoo, have cemented the trend. Neither deal includes any physical shops, meaning that 118 […]

ePLDT, Microsoft partner for PWD hiring, closing PHL digital skills gap

INFORMATION technology service management company ePLDT, Inc. on Monday said it is now an “employer-partner” of Microsoft Corp. for a program that enables disability-inclusive hiring. “The ePLDT Human Resource and Strategic Partnerships and Alliances Team is in coordination with Virtualahan, a social organization in the Philippines that enables PWDs (persons with disabilities) to secure gainful […]

SEC strengthens measures against dirty money

By Revin Mikhael D. Ochave, Reporter THE Securities and Exchange Commission (SEC) has approved guidelines that will further promote transparency in the ownership of corporations, which could help prevent money laundering and terrorist financing in the Philippines. In a memorandum circular, the corporate regulator provided measures such as prohibiting the issuance of bearer shares, and […]


  1 of 4 PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO Rediscovering Tagaytay via the BMW X5 and X7 IT’S BEEN a long while since I last frolicked around Tagaytay. Last year’s volcanic unrest, and the subsequent imposition of the enhanced community quarantine (ECQ) have left […]

97% of funds for assistance for critically impacted shipping firms distributed, PPA says

By Arjay L. Balinbin, Senior Reporter THE Philippine Ports Authority (PPA) said it had released about 97% of the allocated budget for the financial assistance for the shipping companies or operators that had been critically impacted by the coronavirus pandemic. The amount of funds used as of Jan. 26 was P7,458,965.75, according to PPA data […]