Oil price rollback set this week

MANILA — Oil companies have announced they will slash their prices this week. Shell, Seaoil, and Petro Gazz said Sunday they will cut prices of diesel by PHP0.20 per liter. Only Shell said it will roll back prices of kerosene by PHP0.30 per liter. There is no price adjustment expected for gasoline this week.  Kris Crismundo … Read More

LGUs urged to make it easier to put up, renew businesses

MANILA — Anti-Red Tape Authority (ARTA) Director General Jeremiah Belgica has called on local government units (LGUs) to ensure efficient and fast processing of business registrations and renewals. Belgica said some LGUs still ask for redundant requirements for business registrations and renewals despite the implementation of Ease of Doing Business (EODB) law. Business registration renewals are … Read More

Huawei focuses on digital transformation in PH

SHANGHAI – Information and communications technology infrastructure and smart devices maker, Huawei, is bringing in innovative technology to the Philippines to benefit from the application of digital transformation. Huawei Technologies Philippines, Inc. Vice President Daniel Guo said here that the company is now in partnership with the two telecommunication giants in the Philippines to rollout the … Read More

PH bags $12-B worth of biz deals in China

BEIJING – President Rodrigo Duterte bagged around USD12.16 billion worth of business deals in his fourth visit here. On Friday, 19 business agreements were signed between Filipino and Chinese companies. These deals include one contract agreement, two purchase framework agreements, three cooperation agreements, and 13 memoranda of understanding and agreement (MOU/MOA). Duterte said the Philippine government … Read More

Added duties on cement imports bad for gov’t infra projects

MANILA — Cement importers and contractors cautioned that the imposition of safeguard duties on imported cement may delay the administration’s Build, Build, Build program, as another trade barrier can only serve to exacerbate effects of the current cement shortage. On Wednesday, Philippine Constructors Association (PCA) Board Director Ferdinand Co said that imposing safeguard duties on imported … Read More