THE DEPARTMENT of Trade and Industry (DTI) reminded businesses in areas under a state of calamity to comply with the price freeze for basic necessities. A total of 86 towns and cities across five regions have declared a state of calamity this month due to flooding and landslides triggered by continuous rains since mid-December, based […]
Tag: freeze
SC denies KAPA-owned truck firm’s appeal to lift freeze order on assets
THE Supreme Court (SC) has affirmed a ruling by the Court of Appeals (CA), which denied Hawkson’s Truck and Parts Center Corp.’s motion to lift the freeze order on its bank accounts. The firm is owned by Joel A. Apolinario, the founder of Kabus Padatoon-Community Ministry International (KAPA), which the Securities and Exchange Commission (SEC) […]
DTI 7 reports 16 violations of price freeze order
THE Department of Trade and Industry (DTI) has served 16 notices of violation (NOV) and issued 84 letters of inquiry (LOI) to non-compliant establishments of the Price Freeze Order…
Gov’t orders price freeze on LPG, kerosene in areas under state of calamity
THE ENERGY department has imposed a price freeze on household liquified petroleum gas (LPG) and kerosene in areas that have declared a state of calamity after typhoon Odette, with international name Rai, left extensive damage in parts of the Philippines. As of Dec.18, five local government units have made the calamity declaration. These are: Jose Panganiban town in Camariñes Norte, Cebu province along with the independent city of Cebu, Bohol […]
AMLC’s September report to FATF to focus on rules for delisting and unfreezing of assets, funds
THE ANTI-MONEY Laundering Council (AMLC) is looking to craft rules that will specify the process for delisting and unfreezing funds or assets ahead of its first progress report to the Financial Action Task Force (FATF) in September after its inclusion in its “gray list.” “The Philippines will be reporting on the Immediate Outcome 11 Action […]