Home / 2020 / August

Monthly Archives: August 2020

Lawyers group says: Expropriation of telcos ‘baseless, unconstitutional’

President Rodrigo Duterte’s threat to “expropriate” the country’s telecom duopoly is baseless and unconstitutional. The government has no reason to take over Smart Communications Inc. and Globe Telecom Inc., says Tagapagtanggol ng Watatawat (Defenders of the Flag), a group of lawyers’ advocates. Under the Constitution, the government can “temporarily take …

Read More »

PEZA’s new approvals contracts 27% in 1st half

The Philippine Economic Zone Authority (PEZA) reported a 27 percent decline in new project approvals in the first semester this year although committed foreign equity contribution dramatically grew 26 percent. PEZA Director General Charito “Ching” Plaza reported that total project approvals in the first half of the year reached only …

Read More »

Stocks up on hopes of quarantine easing

The local stock market improved yesterday on expectations that quarantine measures will be eased again by next week. The Philippine Stock Exchange index (PSEi) gained 23.02 points, or 0.39 percent, to close at 5,953.54 with only the Financials and Industrials counters in the red. Volume inched up to 5.31 billion …

Read More »