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News and Events

Will PH Really, Finally Have a 3rd Telco in 101 Days?

DICT releases final guidelines on selection of new major player in time for Duterte's Christmas deadline

The Department of Information and Communications Technology (DICT) released the final rules to govern the selection of the new major telecommunications player on September 21, after seven months of talks and deliberations with stakeholders.The 27-page Memorandum Circular (MC) No. 09-09-2018’s release comes ...

by Elyssa Christine Lopez  | September 21, 2018 06:00:00
News and Events

How the Return of Time-Based Charges Will Impact the Cost of Car-Hailing Rides on Grab and Hype

Grab PH cuts maximum price surge from 2x to 1.6x to ease burden on customers

Riders of ride-hailing companies Grab Philippines and Hype Transport Systems Inc. will have to pay the time-based charge again starting today, September 21, after the Land Transportation Franchising and Regulatory Board (LTFRB) lifted its suspension of the fare component on September 4.In ...

by Pauline Macaraeg  | September 21, 2018 03:00:00
News and Events

How Much Are Banks Charging for Electronic Fund Transfers To Other Financial Institutions?

Fees vary per bank, and some offer the service for free

In a memorandum issued on September 4, the Bangko Sentral ng Pilipinas (BSP) required all financial institutions offering online banking services to introduce options for interbank electronic fund transfers (EFTs) by November 30.This will allow depositors in any Philippine bank or non-banking ...

by Lorenzo Kyle Subido  | September 20, 2018 03:00:00
News and Events

Trying to Register Your Company with SEC Online? Please be Patient as Agency Encounters 'Challenges' While Initializing System

Corporate regulator issues advisory that pending applications uploaded up to Aug. 31 are subject to manual processing

The Securities and Exchange Commission (SEC) is facing some technical problems as it transitions its company registration system (CRS) towards full automation.The system was designed to work completely online – from verification of a proposed company name to assessment and payment of ...

by Pauline Macaraeg  | September 20, 2018 10:00:00
News and Events

Taking Public Transport Via Coastal Road or Cavitex to NCR? Soon, Your Commute Will Start and End at the New Parañaque Terminal

New LTFRB order requires PUVs using the two roads to drop and pick up passengers at the PITx

All kinds of public transportation passing through Coastal Road and Cavite Expressway (CAVITEX) on their way to and from Manila will be required to end and start their trips at the soon-to-open Parañaque Integrated Terminal Exchange (PITx), the country’s first intermodal transport ...

by Elyssa Christine Lopez  | September 19, 2018 10:00:00
News and Events

Will PUVs Soon Be Exempt from Number Coding Scheme in Metro Manila?

DOTr reveals policy shift provided private sector support carpooling and use of public transport

Government authorities in charge of transport and road traffic policies in Metro Manila are now open to the idea of conditionally exempting public utility vehicles (PUVs) from the Metro Manila Development Authority (MMDA)’s number coding scheme, the Department of Transportation said in ...

by Elyssa Christine Lopez  | September 17, 2018 05:00:00
News and Events

Great News for Online Banking Users: You Can Soon Move Funds Across All Banks Electronically

The BSP has required online banking providers to introduce the new services by end-November

The Bangko Sentral ng Pilipinas (BSP) has required all banks and non-banking financial institutions (NBFIs) that offer online banking services to make interbank electronic fund transfers (EFTs) available to regular depositors by end-November.The move greatly expands the power and usefulness of most ...

by Lorenzo Kyle Subido  | September 17, 2018 10:00:00
News and Events

This is How San Miguel Plans to Address PH's Rice Woes

Conglomerate plans to build giant climate-controlled grains terminals in eight locations to store rice

In his televised “tête-à-tête” with Presidential Chief Legal Counsel Salvador Panelo on September 11, President Rodrigo Duterte threatened he will move for the abolition of the National Food Authority (NFA) Council for its failure to prevent the soaring rice prices through timely ...

by Pauline Macaraeg  | September 13, 2018 05:00:00
News and Events

'Superconsortium' of PH Billionaires Moves Closer to Bagging Php102-B NAIA Upgrade Project

DOTr grants original proponent status to alliance of seven conglomerates

Members of the so-called “superconsortium” of the country’s leading business conglomerates revealed they have been granted original proponent status by the government to carry out the Php102-billion project to upgrade and expand the Ninoy Aquino International Airport (NAIA).The grant was made by ...

by Pauline Macaraeg  | September 13, 2018 01:00:00
News and Events

House OKs Bill That Lets Telco Users Keep Their Mobile Number After Changing Networks

Similar measure already passed by the Senate, raising chances it will become a law very soon

The House of Representatives has unanimously approved House Bill (HB) 7652, also known as the Mobile Number Portability Act, on third reading on Monday, September 10.The proposed law requires telecommunication companies to give users the option to retain their old mobile numbers ...

by Lorenzo Kyle Subido  | September 12, 2018 06:00:00
News and Events

House Approves Bill Cutting Corporate Income Taxes From 30% to 20% Over 11 Years

TRABAHO bill also aims to reduce and rationalize fiscal incentives

The House of Representatives has approved on third and final reading the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) bill, the second package of the government’s comprehensive tax reform program, according to news reports.Related story: Call it TRAIN 2 or ...

by Elyssa Christine Lopez  | September 10, 2018 07:00:00
News and Events

Brace for Higher-Priced Flights as PH Airlines Win Approval to Collect Fuel Surcharge

Civil Aeronautics Board move will help airlines offset rising aviation fuel prices

The Civil Aeronautics Board (CAB), the aviation regulatory body of the Department of Transportation (DOTr), has approved a fare matrix that includes fuel surcharges for local airlines, according to a news story by the Philippine Daily Inquirer.“We have to let airlines survive ...

by Lorenzo Kyle Subido  | September 10, 2018 03:00:00
News and Events

'Angkas is Back' says Suspended Motorcycle Taxi Service After Winning Preliminary Court Relief

But the company warns booking a ride may be hard as it ramps up operations

“Angkas is Back”, announced the Facebook page of the motorbike-hailing company on September 6 shortly after news came out that a court granted the firm’s petition for a preliminary injunction against a government regulator’s order suspending the service.Angkas’ motorcycle taxi operations were ...

by Elyssa Christine Lopez  | September 06, 2018 06:00:00
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