THE American Chamber of Commerce of the Philippines (AmCham) said it is pushing for the amendment of the Philippine Economic Zone Authority (PEZA) law to allow PEZA-registered business enterprises (RBEs) to adopt a more permanent work-from-home (WFH) arrangement. AmCham Executive Director Ebb Hinchliffe revealed to reporters at the sidelines of…
THE leadership of the House of Representatives on Monday proposed the creation of Maharlika Wealth Fund, a sovereign wealth fund (SWF), to maximize the profitability of investible government assets. House Bill 6398, principally authored by Speaker Martin Romualdez, seeks the establishment of the Fund, which would draw resources primarily from…
THE Department of Agriculture (DA) on Monday said it is closely monitoring the supply of red onions as the prices went up as much as P300 per kilo. Based on their monitoring, Agriculture Assistant Secretary Kristine Evangelista said red onions were sold at around P280 to P300 per kilogram. “In our…
THE Energy Regulatory Commission (ERC) “chose to look the other way” when it ruled against the petition for a temporary relief to recover part of the P15 billion in losses incurred by the units of SMC Global Power Holdings Corp. (SMCGP), the power arm of conglomerate San Miguel Corp. (SMC)…
THE IT and Business Process Association of the Philippines (IBPAP) said the IT and Business Process Management (IT-BPM) industry is expected to contribute nearly $32 billion worth of revenue to the Philippine economy in 2022, a sum that it said will surpass the industry’s 8-percent contribution to the country’s gross…