PHILSTAR THE Philippine Ports Authority (PPA) said Tuesday that it started enforcing a "No Permit, No Service" policy on Nov. 1 on all truckers using its terminals nationwide. "Apart from being barred to transact at the port terminals, they will be meted with an appropriate sanction," PPA General Manager Jay Daniel R. Santiago said in a statement. Truck operators, according ...

PASIG RIVER REHABILITATION COMMISSION By Russell Louis C. Ku THE environmental compliance certificate (ECC) is shaping up to be the next hurdle for the Pasig River Expressway (PAREX) project, according to a transport group, which said the proponents of the toll road have not adequately accounted for its impact on the river and its stakeholders. The Move as One Coalition ...

REUTERS THE Regional Comprehensive Economic Partnership (RCEP) trade agreement will improve gross domestic product (GDP) growth by 0.84 percentage points and the balance of trade by $51.7 million by the end of the decade, a US economist said. "RCEP is initially estimated to improve the country's trade balance by as much as $51.7-M, increasing overall welfare by $573.7-M, contributing to ...

A SENIOR LEGISLATOR has filed a bill in the House of Representatives to lower the excise tax on fuel products for six months, including zero tax for diesel, with the revenue to be foregone by the government estimated at more than P55 billion. Albay Rep. Jose Ma. Clemente S. Salceda, who chairs the House Committee on Ways and Means, said ...

EMPLOYEE TURNOVER in ASEAN companies is becoming a critical management priority as workers return to physical offices, with pay and benefits as well as limited opportunities to advance among the key sources of discontent, according to a study by professional services company Mercer. The study, conducted in three major ASEAN developing economies, (Indonesia, Malaysia, Thailand and the Philippines) said post-pandemic ...

ATLASMINING.COM.PH ATLAS Consolidated Mining and Development Corp. said high copper and gold prices helped it generate a net profit of P3.48 billion in the nine months to September, up 610%. It said in a disclosure to the exchange and the securities regulator that metal prices remained high in the third quarter, with the price of copper up 60% year on ...

JOB OPENINGS in the Philippines rose 13% from a quarter earlier in the three months to September, driven by opportunities in technology "at all levels," according to a corporate headhunter. The increase in job opportunities was fueled by the demand for technology professionals at all levels, Michael Page Philippines said in a statement, citing its own survey of job opportunities. ...

FACEBOOK.COM/OFFICIALACEN AC ENERGY Corp. said its planned joint venture to develop a solar power project in Lal-lo, Cagayan, will add around 100 MW to its generation portfolio. The company's management has given the green light for AC Energy enter into the joint venture with CleanTech Global Renewables, Inc. "The joint venture will potentially add around 100 MW of RE (renewable ...

MACROVECTOR-FREEPIK (Part 3) For the foreseeable future, as we saw in the last article, the service sector will account for a high percentage of both our GDP and employed force. For better or for worse, our economy already has the structure of highly developed countries in which the service sector usually accounts for 60 to 70% of both GDP and ...

BW FILE PHOTO This smells like Pharmally all over again -- only on a grander, longer-term scale. Sometime in September we were alarmed to note that the Malampaya gas field temporarily shut down its operations weeks before a scheduled preventive maintenance work. As a result, distribution utilities (DUs) had to switch to other sources and buy electricity from the Wholesale ...