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PH govt set to keep open pit mining ban as Duterte rejects call to lift it

Environment minister Roy Cimatu said on Wednesday that a ban on new open pit mining in the country would remain in place, with President Rodrigo Duterte rejecting government panel recommendations to reverse it.

EASE OF DOING BUSINESS | SEC adopts online registration system for entities

The Securities and Exchange Commission has launched an online registration system to facilitate the application process for those setting up businesses.

Sweden business group cites Clark’s potentials in aviation

A group of businessmen from Sweden, mostly experts in developing airports and seaports, see Clark International Airport as having all the features for transforming into a major hub, citing its potentials in the aviation industry.

Telco ‘duopoly’ ending soon with Chinese entity: Palace spokesman Roque

The "duopoly" in the local telecommunications industry, long the target of critics of slow internet in the country, will soon face a challenge, Presidential Spokesperson Harry Roque Jr. announced on Monday.

US sues to block AT&T purchase of Time Warner

The US Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc, saying the deal could raise prices for rivals and pay-TV subscribers.

Maynilad Water: MWSS’s Kaliwa dam project badly needed as supply in south not enough

Maynilad Water Services, Inc. is asking the government to fast track negotiations for the construction of Kaliwa dam, as it noted that water supply would be insufficient to meet customer demand by 2025.
The Bureau of Customs mid-November collection performance showed strong revenue growth as it reached more than P3-billion revenue based on the preliminary collection data from the Financial Service.
A typical rush-hour scene on EDSA. This year;s quake drill will be done at 4pm, and include scenarios besides earthquakes, especially fire suppression. MMDA said it's also the first time the drill takes 4 days. INTERAKSYON FILE

Car sales up 17% in Oct. ‘17

Automotive vehicle sales for October 2017 increased by 17.3 percent year-on-year. The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), in a joint report released Thursday, said car sales reached 36,511 units in October 2017 from 31,132 units in 2016.

WATCH | DOF chief sees ‘more riveting growth narrative’ in wake of PH’s 6.9% Q3 GDP growth

(UPDATE 2 - 12:59 p.m.) Finance Secretary Carlos Dominguez III predicted a "more riveting growth narrative" in the fourth quarter and beyond as the Duterte administration ramps up spending on infrastructure projects.

ASEAN urged to prepare for a digital future

Leaders of the Association of Southeast Asian Nations (ASEAN) need to establish a platform that would boost multi-country regulatory experiments and cross-border innovation hubs to better prepare the region for digital futures.

Volatile coal price seen as risk for PH power sector

The Philippines' current account deficit could increase by $1.75 billion each year by 2021 because of the doubling in the price of world-traded thermal coal since the start of last year, the Institute for Energy Economics and Financial Analysis (IEEFA) said.

BIZ LEADERS SPEAK | Yes, MSMEs can derive wealth from digital space

Besides traditional businesses, small and medium entrepreneurs in Asia should also be able to derive wealth from the digital space, panelists at the business forums related to the 31st ASEAN Summit said Tuesday.

PLDT in outsourcing talks with Huawei, Amdocs – MVP

PLDT is discussing a possible outsourcing deal with information technology firms Huawei and Amdocs after it called off talks with IBM.