Biz group wants private sector in IATF

August 21, 2020
“We acknowledge the hard work the Inter-Agency Task Force is doing to prevent the spread of Covid-19. We understand the precarious situation of our medical workers and front-liners. But we also need to stress that the longer our economy stays in its current state where businesses cannot function 100 percent, nor even up to 75 percent, the more protracted the recession that will follow and the more people will be permanently out of jobs,” the PCCI chief said.

Insurers' exemption from payment leeway good for policyholders

August 19, 2020
Sison said “PLIA recognizes the difficulties policyholders may have in settling their due premiums in these trying times” thus, the additional period to pay the insurance policies leeway “offers a balanced consideration of the insuring public's interest as well as that of the insurance companies, who themselves need to ensure their continued ability to service all their commitments to their policyholders”.

5-yr. PROGRESO BONDS raise P516B

August 19, 2020
Following the strong reception of BTr’s offering of the RTB 23 in February, the second RTB offering for 2020 was met with overwhelming demand from the investing public, with the issuance being oversubscribed by more than 10 times the planned minimum issue size of P30 billion.

PCC OKs CPGI’s acquisition of voting shares in subsidiary

August 14, 2020
According to the Mergers and Acquisitions Office, the proposed transaction is unlikely to give rise to competition concerns since it would not alter the current structure of the office leasing market, and there remain sufficient competitive constraints from other market participants in Makati and Bonifacio Global City post-transaction.

Face shield SRP should be below P50

August 14, 2020
Dimagiba, a former Trade and Industry undersecretary, said it would be hard to set the proper SRP for face shield at this time when there is already a government agency that requires wearing of face shield in public transportation.

Regaining consumer confidence key to  recovery

August 14, 2020
In a virtual briefing, First Metro Investment Corp. chairman Francisco Sebastian said whether the government spends P160 billion or P1.3 trillion for its stimulus program, “the difference will be the degree of pain that the people will have to bear over this time”.