House sets 2 more LEDAC priority bills for approval

The House of Representatives is set to approve two more Legislative-Executive Development Advisory Council (LEDAC) priority bills on final reading this week before the 19th Congress adjourns sine die its first regular session on June 2. The bills are the proposed Philippine Salt Industry Development Act and Bureau of Immigration Modernization Act that would bring to 33 the total…

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Makati Business Club joins call for EOPT passage, acknowledges Salceda effort in crafting tax measure

Theย Makati Business Club (MBC) hasย joined the call of various sectors for the passage ofย a law that will make paying taxes for Filipinos easy, boost tax payment compliance. The business group has also hailed the efforts of, among others, House Ways and Means Chairย Albay Rep. Joey Sarte Salcedaย in crafting such measures.

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S.ย Koreaโ€™sย Asiana resumesย Clark-Incheon routeย onย June 5

South Korea’s Asiana Airlines will resume its daily flights between Incheon and Clark beginning June 5. Clark Internation Airport’s (CRK) management announced Friday Flight OZ 708 will leave Incheon International Airport (ICN) at 2 p.m. and arrive at Clark International Airport at 7:05 p.m. From CRK, flight OZ 707 will leave at 9:55 p.m., arriving at ICN at 1:50 a.m. “We welcome the resumption…

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DOST to help group establish a silk cocoon production hub in Pangasinan

By Ma. Cristina Arayata  The Department of Science and Technology – Philippine Textile Research Institute (DOST-PTRI) is coordinating with the Lagpan Upland Farming Association, an upland farmers association in Mangatarem, Pangasinan, to help its members establish a silk cocoon production hub in the province. The Lagpan Upland Farming Association Inc. reached out to the PTRI through the help of one…

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PH, JICA ink MRT 3 rehab project loan deal

The Philippine government and the Japan International Cooperation Agency (JICA) have recently signed the JPY17.4-billion (US$130 million) Metro Rail Transit (MRT) Line 3 Rehabilitation Project (II) loan agreement. The aaccord was signed by Department of Finance (DOF) Secretary Benjamin Diokno and JICA chief representative in the Philippines Sakamoto Takema at the DOF office in Manila. The rehabilitation includes provisions for capacity expansion including rolling…

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BSP to Bank owners: Protect depositorsโ€™ money

MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has urged bank owners to protect their depositors’ money, a function that constitutes their primary responsibility. In his speech during the launch of the book “Banking Laws of the Philippines – Annotated” at the Central Bank’s main office in Manila recently. Medalla underscored the need to update banking laws to…

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