GOCC subsidies decline 17.5% in Oct.

GOVERNMENT corporations took in less budgetary support in October compared to a year earlier, with the biggest allocations granted to the National Irrigation Administration (NIA), the National Housing Authority (NHA), and the Philippine Fisheries Development Authority (PFDA), according to the Bureau of the Treasury (BTr). Preliminary data from the BTr indicate that subsidies to government-owned […]

Executives bullish on Philippine REIT market

By Keren Concepcion G. Valmonte, Reporter   It is an “exciting time” for the Philippine real estate investment trust (REIT) market, with the pipeline of initial public offerings (IPO) expected to heat up in the near future, according to top company executives.   At a forum hosted by the Securities and Exchange Commission (SEC) on Friday, REIT executives said the Philippines has the potential to have one of […]

GOCC subsidies climb in August

SUBSIDIES extended to government-owned firms rose 747% year on year to P42.35 billion in August, led by the increased budgetary support provided to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury (BTr) reported. The BTr said government-owned and -controlled corporations (GOCCs) subsidies were also much higher compared with the P6.08 billion recorded […]

Exporters call for changes to PHL shipping rules

Exporters and logistics groups are proposing longer-term changes to Philippine shipping rules to allow domestic ships to carry out international trade.   Royal Cargo, Inc. subsidiary Iris Logistics, Inc. will soon transport containers carrying export products to the United States amid a global container shortage that has led exporters to flag logistics delays and higher freight […]

The business of banking

NOW that the National Capital Region and several provinces are once again placed under the enhanced community quarantine (ECQ) protocol in the next two weeks, everyone has more free time to indulge in leisurely activities while staying at home. Here are two newly released volumes that are recommended as reading fare during the ECQ. The […]

GOCC subsidies down by 80.1%

BUDGET SUPPORT extended to state-owned firms declined by 80.1% year on year to P8.34 billion in June, after government significantly lowered subsidies to major non-financial government corporations and supplied no funds to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury reported. Preliminary data from the Treasury also indicated that subsidies dropped 81.33% […]

Philippine Heart Center installs new imaging system

THE PHILIPPINE Heart Center (PHC) recently installed the Philips Azurion with FlexArm, a ceiling-mounted system that provides medical teams with expanded imaging flexibility. “The system enables us to dramatically optimize procedures around the patient, where we can now capture optimal views of the patient, without encumbering all the clinicians who are working around the table,” […]

DTI set to standardize recipes for adobo, sinigang and other Pinoy dishes

The Department of Trade and Industry (DTI) is developing national standards for Filipino dishes like adobo to establish a “common ground” among businesses.   A committee under the department has been tasked with developing Philippine National Standards (PNS) for popular dishes such as adobo, sinigang, lechon, and sisig, while considering the variation of cooking techniques across the country, the DTI said in a statement on Friday. The […]