The national government will finally undertake the extension of the South Luzon Expressway (SLEX) from Calamba to Batangas and the rehabilitation of the 1.25-kilometer Alabang viaduct instead of the National Development Company (NDC).
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The Development Bank of the Philippines has reduced the interest rates for shipping loans under the Road RORO Terminal System (RRTS) from 8.5 percent to 7.5 percent for missionary routes, and from 9.5 percent to 8.5 percent for commercial routes.
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The Bangko Sentral ng Pilipinas will review and possibly tighten its "fit and proper" rules to improve the quality of bank management and to weed out unqualified directors or officers in a financial institution.
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With pump prices still trailing uphill climbs and industry players already feeling the pinch of not fully reflecting their actual costs, the Department of Energy (DoE) is being asked to already abandon its policy of constantly prodding the oil companies to extend subsidies to public transport groups.
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The much-debated tax issue between the Bureau of Internal Revenue and local and foreign banks’ Foreign Currency Deposit Units may come to an end soon, and tax officials are hoping to resolve the issue as early as next month.
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Investors buying into pre-need companies should be placed under thorough review by the Securities and Exchange Commission (SEC), an official from the corporate regulator said.
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The peso rate closed at P54.595 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P54.607.
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