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Louella Desiderio
Louella Desiderio
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PCC starts review of Udenna purchase of Malampaya stake
by Louella Desiderio - December 12, 2019 - 12:00am
The Philippine Competition Commission (PCC) is preparing its review of Udenna Corp.’s acquisition of Chevron Philippines Ltd.’s 45 percent stake in the Malampaya gas field after being notified of the...
Vehicle sales hit year-high in November
by Louella Desiderio - December 12, 2019 - 12:00am
Automotive assemblers in the country recorded their highest monthly sales for the year in November, rising 10 percent from the same month last year, due to strong demand for both passenger cars and commercial vehicles....
SteelAsia eyes IPO in 2 years
by Louella Desiderio - December 11, 2019 - 12:00am
The country’s biggest steel maker, SteelAsia Manufacturing Corp. is looking to go public within the next two years to raise funds for its expansion plans.
Toyota plans P4.5 billion Luzon logistics hub for imported vehicles
by Louella Desiderio - December 10, 2019 - 12:00am
Toyota Motor Philippines Corp. is spending P4.5 billion to build a logistics hub for imported vehicles in Luzon next year as it expects higher sales volume in the future.
Spotify changes way Pinoys listen to music
by Louella Desiderio - December 9, 2019 - 12:00am
Smartphone penetration and usage have changed the way Filipinos consume music.
Isuzu breaks ground for Bacoor dealership
by Louella Desiderio - December 9, 2019 - 12:00am
Isuzu Philippines Corp. is continuing the expansion of its network with the construction of a new dealership in Cavite.
Exports to grow 2 to 4% this year
by Louella Desiderio - December 9, 2019 - 12:00am
Total exports of the country would likely grow by two to four percent this year, with the increase to be driven mostly by the services sector, the Department of Trade and Industry said over the weekend.
Electronic firm to shutdown due to changes in incentives, tax
by Louella Desiderio - December 9, 2019 - 12:00am
A firm engaged in the electronics sector is set to halt operations by the end of this year, amid looming changes in the incentives and tax regime, while another one is preparing to exit the country in the next five...
Philippines aims to be among top 10 garments exporters by 2026
by Louella Desiderio - December 6, 2019 - 12:00am
The Philippines is aiming to be among the top 10 exporters of garments in the world by 2026 to 2029 under the newly rolled out industry roadmap to revive the textile and garment industry.
Reforms sought in Philippine education system
by Louella Desiderio - December 6, 2019 - 12:00am
With the country’s dismal performance in an international assessment of the performance of 15-year-old students of 79 countries, a business organization pushing for greater education is calling on all sectors...
Approved BOI projects breach P1 trillion mark
by Louella Desiderio - December 5, 2019 - 12:00am
The Board of Investments set a new record for approved investments as the amount breached the P1- trillion level as of end-October, boosted by a project of third telco player Dito Telecommunity Corp.
New CITIRA bill version to be filed in Senate
by Louella Desiderio - December 4, 2019 - 12:00am
A bill is set to be filed at the Senate for the second package of the government’s tax reform program or the Comprehensive Income Tax and Incentives Rationalization Act which the Department of Trade and Industry...
DTI eyes funding support for Class 1 PUVs
by Louella Desiderio - December 4, 2019 - 12:00am
The Department of Trade and Industry is coming up with a program to provide funding support to manufacturers of Class 1 vehicles which are priced below P1 million under the Public Utility Vehicle modernization program....
Foreign chambers nix additional taxes on mining
by Louella Desiderio - December 3, 2019 - 12:00am
Foreign businessmen in the country are against a plan to impose additional taxes on the mining industry, saying this would be counterproductive to government’s aim of increasing its revenue take from the sector....
National action plan for coconut oil sought
by Louella Desiderio - December 2, 2019 - 12:00am
The government is aiming to finalize by next year a national action plan to promote the growth of coconut oil production and exports.
Garments sector seeks government support, targets $10 billion contribution
by Louella Desiderio - December 2, 2019 - 12:00am
The garments and textile industry is seeking government support in the form of incentives for new employees to address high power costs and to reconsider the planned rationalization of tax perks to revive the s...
PEZA reasserts proposal on longer 15-year CITIRA transition period
by Louella Desiderio - December 1, 2019 - 12:00am
More than a month after the Philippine Economic Zone Authority board decided to support the Corporate Income Tax and Incentives Reform Act bill, the investment promotion agency is now proposing to implement the grandfather...
MAP wants gov’t to address Metro Manila traffic woes
by Louella Desiderio - November 29, 2019 - 12:00am
The Management Association of the Philippines wants government to immediately address the severe traffic problem in Metro Manila, which is estimated to cost P3.4 billion for 13.4 million person trips daily or P250...
ARTA orders state firms to submit list of pending contracts
by Louella Desiderio - November 29, 2019 - 12:00am
The Anti-Red Tape Authority (ARTA) is requiring all government agencies to submit a list of all their pending contracts to the body by Dec.9, in line with a directive from President Duterte.
Philippine, SoKor FTA seen by early next year
by Louella Desiderio - November 27, 2019 - 12:00am
The Philippines and South Korea have signed an early achievement package on talks for a free trade agreement and vowed to complete negotiations within the first half next year.
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