Business articles
Manila download speed 73% faster than in Cebu
Mobile broadband users in Metro Manila have much faster download speed compared to their counterparts in Cebu or Davao, according to analytics firm Opensignal. Opensignal said that in its analysis of download and upload speed experience in five of the Philippines largest cities, “we found tha...
NLEX opens Balagtas northbound lane
Travel time to North and Central Luzon will now be reduced by around 30 minutes as the Department of Public Works and Highways (DPWH), led by Secretary Mark Villar, formally opened on Tuesday the new 600-meter North Luzon Expressway (NLEX) Balagtas northbound lane entry in the province of ...
ARTA lauds LTO for fraud-free online collection
An anti-corruption body has recognized the efforts of the Land Transportation Office (LTO) to adopt an online system to boost fee collections. The Anti-Red Tape Authority (ARTA) commended the LTO for complying with Republic Act (RA) 11032, known as the Ease of Doing Business Act, which resulted in ...
Grab restores services in Navotas
Residents of Navotas City will now be able to book Grab rides and food delivery services again after the ride-hailing company restored its service in the city. Navotas City Mayor Tobias “Toby” Tiangco held a meeting with Grab officials on August 1, following several weeks of the city be...
BSP asked to identify banks planning to raise ATM fees
Makati City Representative Luis Campos Jr. asked the Bangko Sentral ng Pilipinas (BSP) to name the banks that are asking for higher charges on automated teller machine (ATM) transactions. Campos noted the BSP’s Consumer Financial Protection Department could release the names of banks that hav...
Quinta market operator pays P4.9 million to Manila
A company that administers Quinta Market in Manila has paid P4.9 million out of its’ P11.16-million obligation to the city that was accumulated over the last two years. Marketlife Management and Leasing Corporation gave the check, two days after Manila Mayor Isko Moreno on Tuesday said t...
Business leaders laud Makati for faster processing of permits
The Makati Business Club (MBC) on Thursday lauded Makati Mayor Abby Binay for making it easier to do business in the city. At a roundtable meeting hosted by the MBC at Ayala Tower One, Ayala Corporation President and COO Fernando Zobel de Ayala expressed his appreciation for the efforts of the mayo...
1,130 TNVS applications up for approval
The Land Transportation Franchising and Regulatory Board (LTFRB) is set to release 1,130 Certificates of Public Convenience (CPC) to transport network vehicle services (TNVS) applicants within the next two weeks, following an order from the Anti-Red Tape Authority (ARTA) for it to automatically appr...
Duterte signs service charge law
President Rodrigo Duterte has signed a law that requires hotels, restaurants, and other establishments to allocate 100 percent of service charges collected from customers to employees. Republic Act 11360, which the President signed on August 8, amends Article 96 of the Labor Code, where management ...
Market operator pays P14.38 million debt to Manila
One of the operators of public markets in Manila, XRC Mall Developers Inc., settled a P12.9 million portion of its P14.38-million debt, a day after Manila Mayor Isko Moreno gave them 72 hours to settle their unpaid obligations. “I hope this will not happen and I will not allow this ...