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Solon raises concerns over appointments of 3 SRA deputy administrators

By Madelaine B. Miraflor Senate Majority Leader Juan Miguel Zubiri has raised concerns over the recent appointments at Sugar Regulatory Administration (SRA), which were formalized in separate allegedly falsified documents containing Agriculture Secretary William Dar’s signature without his knowledge. Sen. Juan Miguel Zubiri (Senate of the Philippines / FILE PHOTO …

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DPWH asked to amend ROW rules for faster telecom deployment

Telecom regulators urged the Department of Public Works and Highways (DPWH) to amend right-of-way (ROW) rules so telcos can roll-out infrastructure faster and speed up Internet connections. Specifically, both the Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) want DPWH to amend Department Order (D.O.) …

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PH stocks surge anew

The local stock market surged on optimism over a US stimulus package as well as the steps being taken by the Philippine government to reopen the economy. The main index jumped 165.88 points or 2.71 percent to close at 6,278.59 as all sectors rose, led by the Financials counter. The …

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P/$ rate closes at P48.585/$1

The peso closed P48.585 to the US dollar yesterday, higher from P48.62 the previous day. The weighted average rate depreciated to P48.589 from P48.578. Total volume amounted to $710.7 million, according to the Bankers Association of the Philippines. SIGN UP TO DAILY NEWSLETTER CLICK HERE TO SIGN-UP Credit belongs to …

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SBC sells half of SB Finance to Thai bank

Security Bank Corporation (SBC) has sealed a strategic partnership with Thailand’s Bank of Ayudhya, commonly known as Krungsri, with the sale of half of consumer finance subsidiary SB Finance Company, Inc. In a disclosure to the Philippine Stock Exchange, PSBank said Krungsri has acquired a 50 percent stake in SB …

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Mandatory certification of plywood reinstated

The Department of Trade and Industry (DTI) will reimpose the mandatory certification of locally manufactured and imported plywood citing unfair competition from imported substandard plywood that threatens not only public safety, but also the local wood manufacturing industry. Trade and Industry Secretary Ramon A. Lopez issued Department Administrative Order (DAO) …

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