Tag: CeMAP

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Safeguard duty imposed to shield cement industry

Economy Context.ph Context.ph -
The government’s decision to slap safeguard duties on imported cement is expected to steady the domestic market and restore fair competition, following the release of Customs Memorandum Circular No. 42-2026.

DTI cement safeguards spark local revival

Economy Context.ph Context.ph -
The issuance of a Department of Trade and Industry administrative order imposing definitive general safeguard measures on imported cement is expected to lift capacity utilization in the domestic industry, preserve jobs, unlock fresh investments, and create positive multiplier effects across the economy.

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EastWest drops transfer fees as digital banking race heats

Banking & Insurance 0
EastWest Bank is joining a growing wave of Philippine lenders eliminating digital fund transfer fees, signaling how free online transactions are fast becoming a competitive necessity rather than an added customer benefit.

Gatchalian shifts focus to perks for wider EV adoption

Transport & Logistics 0
Senate President Sherwin Gatchalian is pushing a new approach to accelerate electric vehicle (EV) adoption, arguing that convenience and ease of ownership could be just as important as tax incentives in persuading more Filipinos to make the switch.

SJDM Bulacan declares PrimeWater persona non grata over water crisis

Corporate 0
The local government of San Jose del Monte (SJDM) City in Bulacan formally declared PrimeWater Infrastructure Corp. persona non grata under Resolution No. 2026-07-529 during its July 8, 2026 regular session.

Basic Energy budgets P1 billion second-half capital expense

Corporate 0
Basic Energy Corporation plans to spend as much as P1 billion in capital outlays for the remainder of 2026, marking a significant jump from the P100–P200 million recorded in 2025, when the firm only carried out pre-development work for its project pipeline. Chief executive officer Oscar de Venecia Jr. confirmed this during a recent event in Taguig City, noting that around P500 million has already been spent so far this year.

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