PCC Capacity Building Project gets green light

 

 

By Rose de la Cruz

 

The P1.322- billion capacity- building program of the Philippine Competition Commission was approved by the Investment Coordination Committee-Cabinet Committee (ICC-CabCom) last Thursday to institutionalize the government’s capacity to enforce the Philippine Competition law and promote free and fair competition in the economy.

 

The project, set to be implemented by the third quarter this year, will be funded by an Asian Development Bank loan dubbed as “Capacity Building to Foster Competition Project.”

 

The PCC project has a total project cost of P1.322 billion, of which P1.217 billion will be…

Read more: PCC Capacity Building Project gets green light

BSP warns against improper handling of Philippine money

 

 

By Rose de la Cruz

 

Any willful defacement, mutilation, tearing, burning or destruction of Philippine bank notes and coins are punishable by a fine of P20,000 and/or imprisonment of five years, under Presidential Decree No. 247.

 

Thus the Bangko Sentral ng Pilipinas that any improper handling of Philippine currency will be dealt with harshly.

 

The BSP said that Philippine “banknotes and coins are issued for circulation as medium of exchange and to utilize them for other purposes does not speak well of the due respect and dignity befitting our currency.” 

Among the prohibited acts…

Read more: BSP warns against improper handling of Philippine money

Draft substitute bill raises ERC board from 5 to 7

 

 

By Rose de la Cruz

 

A draft substitute bill in the House sees to reorganize the energy sector and increase the number of commissioners of the Energy Regulatory Commission from 5 to 7 to address the backlogs in cases pending before ERC.

 

Rep. Carlos Roman Uybarreta of 1st Consumers Alliance for Rural Energy Inc. partylist, said the draft substitute bill, by increasing the number of ERC commissioners to seven will improve ERC’s capacity to address the huge ERC workload and backlog of cases and pending petitions.

 

“Our TWG (technical working group) work is done. We are ready to…

Read more: Draft substitute bill raises ERC board from 5 to 7

    BSP, IMF HOLD THE 1st REGIONAL DIALOGUE ON FINANCIAL STABILITY

 


 

            The Bangko Sentral ng Pilipinas (BSP) and the International Monetary Fund (IMF) co-hosted the inaugural Regional Dialogue on Financial Stability (FS) for ASEAN Central Banks on January 21-22, 2019 at the Philippine International Convention Center, with the theme, “Ensuring Financial Stability in the Region: Some Policy and Practical Issues.”

 

Structured as a “regional dialogue,” the event brought together governors and other high-level officials from ASEAN member states. Also participating were experts from the IMF, the World Bank, the Bank for International Settlements, and the South East Asian Central Banks Research and Training Centre as well as…

Read more: BSP, IMF HOLD THE 1st REGIONAL DIALOGUE ON FINANCIAL STABILITY

Manufacturing kept growth for 11 months in 2018

 

 

By Rose de la Cruz

 

The manufacturing output sustained its growth in 11 consecutive months of 2018, rising by 1 percent in volume and 2.1 percent in value.

 

The National Economic and Development Authority said manufacturing output was supported by production increases in beverages, tobacco, petroleum, electrical machinery, textile, paper products, and miscellaneous manufactures.

 

“While the November outturn of sustained positive growth for manufacturing, indices showed a declining trend starting on the second half of 2018,” Socioeconomic Planning Secretary Ernesto M. Pernia said.

 

He also noted that factory output may be dampened by…

Read more: Manufacturing kept growth for 11 months in 2018

Page 1 of 51

Like us in Facebook

Features

Latest News

PCC Capacity Building Project gets green light

    By Rose de la Cruz   The P1.322- billion capacity- building program of the Philippine Competition Commission was approved by the Investment... Read More...
BSP warns against improper handling of Philippine money

    By Rose de la Cruz   Any willful defacement, mutilation, tearing, burning or destruction of Philippine bank notes and coins are punishable by... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Stupid Name Giver and Other Laughs

Stupid Name Giver Late one night, a burglar broke into a house. While he was sneaking around he heard a voice say, "Jesús is watching you."  He... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE A DELICATE BALANCE

Photo courtesy of Top Gear Philippines Officials of motorcycle-sharing service company Angkas must be grinning all the way to the bank. After a... Read More...
IMAGE TULOY ANG LABAN SA DENGVAXIA

MABUTI naman at tuluyan ng nagpasiya ang pamahalaan na sampahan ng karampatang kaso ang mga sangkot sa kontrobersyal na Dengvaxia anti-dengue... Read More...

Our Guests

Today510
Yesterday847
This week2149
This month17078
Total1176583

Visitor Info

  • Your IP: 18.206.175.155

Who Is Online

25
Online

Tuesday, 19 February 2019
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.