BOC, SBMA Sign MOA to Boost Subic Trade and Customs
The Bureau of Customs (BOC) and Subic Bay Metropolitan Authority (SBMA) signed a Memorandum of Agreement (MOA) on Thursday strengthening their partnership to streamline...
New NAIA terminals to ease congestion, Enhance Air Travel Experience
Air travelers using Ninoy Aquino International Airport (NAIA) can look forward to a smoother and less congested airport experience in the coming years as the New NAIA Infrastructure Corporation (NNIC) begins construction on two new passenger terminals.
SP Escudero nixes Sen. Marcos contempt order vs ambassador
Senate President Chiz Escudero on Friday urged Sen. Imee Marcos to avoid using the Senate for personal political aims, the Inquirer reported. Escudero said Marcos’ contempt and detention order against Special Envoy on Transnational Crimes Ambassador Markus Lacanilao—accused of lying during a committee hearing—was issued without his prior approval. Calling the move unauthorized, Escudero ordered Lacanilao’s release, citing both procedural grounds and compassion. “I directed his release, both as a matter of regularity and out of humanitarian consideration, as his grandfather is to be laid to rest today,” he said.
January FDI inflows drop 20%, signaling slower investor momentum
Foreign direct investment (FDI) inflows, the kind that stays invested in the country, dropped by 20 percent on net basis in January this year, totaling USD731 million, down from USD914 million a year ago, according to data released by the Bangko Sentral ng Pilipinas (BSP).
NOW to challenge NTC denial of provisional authority extension
NOW Corp. said Thursday it “vehemently disagrees” with the decision of the National Telecommunications Commission (NTC) to deny its application for an extension of its provisional authority to develop and operate a nationwide cellular mobile telephone system.
