Author Archives: tmaepp

THE closure of Petron Corp.’s refinery in Bataan is imminent if all industry players will not be accorded a level playing field, its top executive said on Tuesday. “Kailangan maging level playing field. Kung hindi maging level playing field ang Petron refinery with the importers, magsasara na rin kami sigurado. Kailan iyon? Very soon (WeContinue reading “Petron: Bataan refinery to close ‘very soon’”

TOKYO: Asian markets fell Tuesday following a sharp sell-off in New York and Europe that was fuelled by fears a coronavirus resurgence will force fresh economically painful containment measures. Traders have also given up almost any hope for a new US stimulus package being passed before next Tuesday’s election, with Democrats and Republicans blaming eachContinue reading “Asian shares crash on Covid surge”

The Securities and Exchange Commission (SEC) has issued the guidelines on the conversion of corporations either to a one person corporation (OPC) or to an ordinary stock corporation (OSC) through SEC Memorandum Circular 27, Series of 2020 (SEC MC 27, s. of 2020). This is in line with Sections 131 and 132 of Republic ActContinue reading “SEC issues guidelines for conversion to one person corporation or ordinary stock corporation”

The operator of low-cost carrier Cebu Pacific is ending its deal with SIA Engineering Co. Ltd. (Siaec) involving joint venture companies. In a disclosure on Tuesday, Cebu Air Inc. (CEB) bared the plan to acquire 905,641 shares or 51 percent stake of Siaec, the aircraft maintenance, repair and overhaul (MRO) unit of Singapore Airlines, inContinue reading “Cebu Air ends deal with service firm”

Forty Philippine companies are set to showcase various healthy and natural food selections in the country’s third participation in the China International Import Expo (CIIE) at the National Exhibition and Convention Center, Shanghai, China on November 5 to 10, 2020. In a statement on Tuesday, the Department of Trade and Industry (DTI) said the PhilippineContinue reading “40 PH firms to showcase healthy, natural food exports in China expo”

Filipinos are demanding a more comprehensive plan from the Duterte administration to address transportation woes amid the coronavirus disease 2019 (Covid-19) pandemic, a study conducted by data analytics firm WR Numero showed. Quarantine controls have been eased since the past weeks as the government hopes to revive the Philippine economy, but workers continue to faceContinue reading “Filipinos want better public transportation amid pandemic”

“I am hopeful because in step with explanation of the financial managers, this weak spot is pushed by outside forces just like the strengthening of US economy and improve of its hobby prices,” he said. Dooc has conceded that the enterprise might not attain its P280 to P300 billion target variety in phrases of totalContinue reading “I am hopeful because”

The Insurance Commission (IC) is constructive that the increase of the industry will get better within the 1/3 sector of the yr despite the current weak spot in financial markets. “I am optimistic that inside the 0.33 zone, we are able to submit modest boom due to the fact the majority of the top rateContinue reading “The Insurance Commission (IC)”

The cases are many of the most urgent of some 8,000 weighing on Deutsche, and CEO Cryan has promised to remedy them by means of the stop of the yr. The lender’s woes come as European banks whinge of a harsh enterprise surroundings, confronting low interest fees reducing into their income margins, anemic economic growth,Continue reading “The cases are many of the most”

But Die Zeit is to file on Thursday on plans via Berlin “if the worst involves the worst” to promote off components of Deutsche to other monetary institutions, and possibly buy a 25-percentage stake. Some voices in the government choose related to the European Single Resolution Mechanism, set up within the wake of the economicContinue reading “But Die Zeit is to file on”