Stradcom Corp., the exclusive IT service provider for the Land Transportation Office (LTO) warns of a possible shutdown of the database and computer system it operates for the agency if the LTO continues to refuse remitting payments to the private firm. Stradcom provide and maintains LTO’s information technology facilities, including its database and licensing functions.
The [...]

Multinational firm Johnson & Johnson was fined by the United States authorities $70 million on for bribing doctors in Europe and paying kickbacks for contracts under a United Nations (UN) relief program in Iraq.
According to the US Department of Justice and Securities and Exchange Commission, the cosmetics and drug giant has paid doctors and hospitals [...]

The Department of Trade and Industry said that many among our exporters are not really aware of the trade opportunities under the country’s free trade agreements (FTA). That is why it is intensifying its information awareness campaign focusing on the government’s priority exports.
Gregory L. Domingo, DTI Secretary, said that the basic information awareness campaigns from [...]

Earth Hour 2011 will be celebrated again for the fifth straight year and the Philippines is one of the countries who has many participants for this annual exercise. For this year, the Earth Hour will be on March 26, 2011, from 8:30 p.m. to 9:30 p.m.
During Earth Hour, those who are participating in this advocacy [...]

The Department of Environment and Natural Resources (DENR) has ordered the closure of a sugar mill in Balayan, Batangas for its violations of Philippine environmental laws. A cease-and-desist order (CDO) has been issued by DENR Secretary Ramon Paje against Batangas Sugar Central Inc. for what he claimed were the company’s repeated violations of the Philippine [...]

In the latest report from the aftermath of the magnitude 9 earthquake and tsunami that hit Japan last March 11, the Department of Foreign Affairs (DFA) said that two Filipinos were confirmed dead. However, the names of the victims, a woman and her child, was not yet released by the DFA.
In its press conference in [...]

The Department of  Energy (DoE) said last week it is expecting gasoline to be lower this week as demand in the world market decreases when Japan was hit an earthquake and tsunami. “The downward trend began after Japan catastrophes. We saw prices going down due to the market reaction that global economy will slow down [...]

Executive Order 29 (EO 29) or the “open skies” policy was signed by President Benigno Aquino III on March 14, authorizing the Philippine air panels to offer third, fourth and fifth freedom rights to the country’s airport other than the Ninoy Aquino International Airport (NAIA) without restrictions as to frequency, capacity, type of aircraft and [...]

The Department of Foreign Affairs (DFA) said that as of yesterday, there were still no reported Filipinos who have been injured or killed in the earthquake that hit Japan last Friday, although the department said that there about 4,500 Filipinos who are believed to have been affected by the disaster.
The DFA in Manila said they [...]

A Philippine delegation, headed by the Department of Tourism (DoT), will be flying to India, particularly in New Delhi and Mumbai, to conduct a sales presentation in time for the production of tour packages for the April-June Indian travel season. The DoT is looking to capture a bigger market share of the 15 million outbound [...]

From the usual two days processing time, the amount of time spent in registering a business name has been cut to only 15 minutes because of the enhanced Electronic Business Name Registration System (eBNRS).
Trade Secretary Gregorio Domingo said, “The entire transaction will only take around 15 minutes. The actual processing takes only three minutes and [...]

The government especially Mr. President Benigno Aquino III is like answering the call of the business industry. It is good news for the business industry that the President will be also focusing on the business field. Well what can we all expect from a President that is a economist before?
The President have many plans of [...]

The government now is in a short of budget in infrastructure so they are looking for some help from the private sector specially from the banks. The Department
of finance also said that they will have a conversation with the Bankers Association of the Philippines (BAP).
They want to improve more and more infrastructure [...]

Six banks are being tapped by the Department of Finance (DOF) for its planned peso-denominated global bonds. Finance Secretary Cesar Purisima said they are planning to launch these global bonds within the month or immediately after the European and US summer holiday. The six banks being mandated for the plan will act as arrangers for [...]

The Department of Labor and Employment (DOLE) is intensifying their Japanese language training for those wishing to work in Japan. This is part of their initiative to provide more jobs for Filipino nurses there. According to labor secretary Rosalinda Baldoz, there are very few Filipino nurses who are being hired in Japan because of their [...]

Investment banker Philip Sevilla has been appointed by President Aquino as Finance undersecretary for Privatization and the Corporate Affairs Group, as confirmed by Finance Secretary Cesar Purisima recently. Sevilla will be taking over the portfolio which was previously handled by Crisanta Legaspi. He will be handling the difficult task of helping raise revenues for the [...]

I noticed that most restaurants and fastfood outlets has stainless steel sinks in their kitchen, but many residences usually have the painted ones. Perhaps these stainless steel sinks are easier to maintain and clean, and they could also be hygienic that the non-stainless. I don’t know, I just thought of that because restaurants and fastfood [...]

The senior citizens in the country will enjoy additional discounts starting on July 6, 2010. That is because the Department of Social Works and Development (DSWD) has signed the implementing rules on the law granting senior citizens exemption from the value-added tax (VAT).
The guideline signed by the DSWD is the implementing rules and regulations of [...]

To help educate the consumers, a program called Integrated Consumer Education Program will be launched by the Department of Trade and Industry on May 31. The program aims to increase public awareness on the need to be properly informed of their rights and for them to be involved as consumers.
The Integrated Consumer Education is a [...]

A new technology that will produce natural and eco-friendly dyes was developed by the Philippine Textile Research and Institute (PTR1) of the Department of Science and Technology (DOST).
The use of natural dyes was nearly forgotten when synthetic dyes were introduced in the market. Fortunately, many people are now becoming more and more conscious, and concern, [...]