Business articles
Duterte eyes expropriation of water concession
President Rodrigo Duterte may consider expropriating the operation of water facilities if he is not satisfied with the explanation of water concessionaires and government lawyers on the supposed onerous water concession agreements. Duterte said if water concessionaire owners and government lawyers ...
MWSS cancels extension of water concession
State-run Metropolitan Waterworks and Sewerage System (MWSS) said it revoked a resolution extending the concession agreement with Maynilad Water Services Inc. and Manila Water Co. MWSS Deputy Administrator for Engineering Leonor Cleofas confirmed the cancellation during the joint hearing of the Hou...
Manila Water, Maynilad drop arbitration claims
Concessionaires Manila Water and Maynilad Water are dropping their claims for billions of pesos in uncollected water rate hikes which were earlier awarded to them by international arbitration courts. The two firms said they would no longer ask the government to pay them more than P10-billion they g...
Hino supplies modern PUVs to Mandaluyong transport group
Hino Motors Philippines (HMP), one of the pioneer participants of the PUV program, turned over 30 modern jeepney units to the Mandaluyong Transport Service Cooperative in a ceremony held at the Philippine Red Cross Function Hall in Mandaluyong City. A one-stop shop for trucks and buses, Hino now ma...
Gov't eyes more funds for MSMEs
Trade Secretary Ramon Lopez said that the Department of Trade and Industry (DTI) is awaiting the Senate's approval of additional budget to send more micro, small, and medium enterprises (MSMEs) to local and international trade fairs. In his welcome remarks at the Kalakal CALABARZON Trade Fair a...
Cyberdyne robots go to Manila
Mayor Francisco "Isko Moreno" Domagoso and Vice Mayor Maria Sheilah "Honey" Lacuna-Pangan met with the representatives of Cyberdyne, a company specialized in utilizing robotics for patients with neurological disorders. Cyberdyne presented one of its products, "HAL"...
Producers oppose P10 tax on plastic bags
The Philippine Plastics Industry Association Inc. (PPIA) warned that the proposal imposing an excise tax on single-use plastic bags can have a negative economic impact. During the hearing of the House Committee on Ways and Means, PPIA president Willy Go said imposing a P10 per kilo levy on sin...
SMDC vows to help police in illegal drug campaign
The SM Development Corporation and law enforcement agencies forged a partnership to stop the use of high-end condominium units as drug dens by syndicates. SMDC, in a statement Monday, said one of the arrangements they made with the government’s law enforcement agencies is to coordinate for an...
QC bans single-use plastics in hotels, restaurants
Single-use plastics and disposable materials are set to be banned in Quezon City’s hotels and restaurants with the approval of City Ordinance No. 2876. The ordinance prohibits the distribution and/or use of single-use plastics/disposable materials, including cutlery for dine-in purposes ...
MMDA asks residents to conserve water
The Metro Manila Development Authority (MMDA) asked Metro Manila residents to save four liters of water daily with the launch of “Oplan Tubig Para sa Kinabukasan”. In a press launch of the water-saving campaign targeted to social media users, MMDA chairman Danilo Lim said there is a nec...
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