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  • 2 groups say some cosmetic items lack warning label

    February 23, 2018 11:23 AM 3

    Laban Konsyumer Inc., a consumer protection group, and the EcoWaste Coalition cautioned that some cosmetic products lack the required warning label to protect young children from inhaling talc-based powder. The groups made the observation following the dissemination by the Food and Drug Administration of the Asean Advisory Statement on Talc, which among

  • Palace approves 25-year franchise extension of NOW Telecom

    February 23, 2018 7:47 AM 3

    MANILA - (UPDATE) Malacañang on Friday confirmed it has approved a 25-year extension of the franchise of NOW Telecom, one of the firms vying to be part of the third telco player in the Philippines. Malacañang announced that NOW Telecom's franchise would be extended up to the year 2043. Businessman Mel Velarde, CEO of NOW Corp, which partly owns NOW Telecom

  • Uber's Pampanga expansion gets regulator's nod

    February 23, 2018 6:34 AM 5

    MANILA – Uber can start operating in Pampanga in a month or two, Land Transportation and Franchising Regulatory Board (LTFRB) board member Aileen Lizada said on Friday. Lizada added that the LTFRB will allow Uber to operate 500 cars in Pampanga. Uber and the LTFRB have had “birthing pains” but are on the right track now, said Lizada, who was a guest

  • BIR tells workers to report firms not implementing new tax rates

    February 23, 2018 6:02 AM 3

    MANILA - The Bureau of Internal Revenue on Friday urged workers to report companies that are not implementing the new income tax rates, which took effect in January. Under the package 1 of the Tax Reform for Acceleration and Inclusion (TRAIN) law, those earning up to P250,000 annually should be exempt from paying income taxes. "Kailangan po i-report

  • Canada to accept bid from Boeing for new fighter jets

    February 23, 2018 1:18 AM 12

    OTTAWA - Canada said Thursday it was allowing Boeing to submit a bid to replace the country's aging F-18 fleet, after an earlier trade dispute between the American manufacturer and Ottawa. The announcement came a month after the US International Trade Commission rejected a complaint filed by Boeing against its Canadian rival Bombardier, demanding nearly

  • Foreign investment pledges down 51.8% in 2017

    February 22, 2018 2:06 PM 6

    MANILA, Philippines – Total foreign investment pledges for the Philippines fell by more than half in 2017, according to the Philippine Statistics Authority (PSA). Data released by the PSA on Thursday, February 22, showed that total foreign investment pledges approved by the 7 investment promotion agencies last year totaled P105.6 billion, lower by 51.8% from P219 billion

  • Chevrolet PH boss says he puts people first

    February 22, 2018 11:41 AM 7

    MANILA - He often finds himself surrounded by cars, but Chevrolet Philippines' boss says people always come first. "If you are a people person, you will be able to lead people. I think that's the most important thing we try to share in the company," said Atty. Alberto Arcilla, president and managing director of Chevrolet Philippines. The lawyer and car company

  • Cost of Metro Manila’s heavy traffic rises 45% to P3.5b

    February 22, 2018 11:20 AM 7

    The daily cost of heavy traffic to Metro Manila residents jumped 45.6 percent this year as vehicle congestion in the metropolis got worse, the Japan International Cooperation Agency said Thursday. Susumo Ito, chief representative of Jica Philippines Office said during the 36th Joint Meeting of the Economic Cooperation Committees of the Philippines and Japan

  • MB member, banker Valentin Araneta dies

    February 22, 2018 11:08 AM 3

    Seasoned banker Valentin Araneta, one of the members of the policy-making Monetary Board of the Bangko Sentral ng Pilipinas, passed away on Wednesday at the age of 69. Prior to becoming a member of the Monetary Board, Araneta held various positions both in the public and private sectors. Araneta has been the chief executive of state-run Philippine Deposit

  • Prefab home builder clinches $115-m deal

    February 22, 2018 10:55 AM 11

    Revolution Precrafted, a company led by Robbie Antonio that constructs and supplies prefabricated homes, said it signed a deal with Central Country Estate Inc. for the construction and delivery of precrafted homes and retail stores in a 70-hectare prime development in Lakeshore, Pampanga. Revolution Precrafted said in a statement the project would involve