Central Bank to order all banks to report tech glitches w/in 2 hrs

DAVAO CITY (OCTOBER 22)— The Bangko Sentral ng Pilipinas (BSP)  will order all  banks to submit report concerning  cybersecurity issues in their system within two hours of its discovery. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier said the Monetary Board,  the  central bank’s policy-making has approved  the stricter measure during their weekly meeting …

Cotabato among PH’s most business-friendly cities for 2018

COTABATO CITY – This city has been recognized by the Philippine Chamber of Commerce and Industry (PCCI) as among the Top 10 Most Business-Friendly Cities in the Philippines for 2018, and for being the only first-class city to receive a special citation this year. “The city was given a special citation for assuring business sector …

PAL’s nonstop Manila-New York flights begin Oct. 29

MANILA — Flag carrier Philippine Airlines (PAL) on Wednesday announced that its direct flights between Manila and New York will begin on October 29. “Tourists and balikbayans based in the New York, New Jersey, and Connecticut states will now find it easier and more convenient to visit the Philippines,” spokesperson Cielo Villaluna said on a …

Gov’t ‘open’ to suspending fuel excise tax: SAP Go

MANILA — Suspending excise tax on fuel is an option being considered by the government to tame inflation, Special Assistant to the President Christopher “Bong” Go said Sunday. In a statement released to the media, Go said while the Duterte administration is “open” to suspending the excise tax on fuel, lawmakers and other stakeholders should …

DTI-ARMM wraps up regional ‘Negosyo’ summit

COTABATO CITY – The Department of Trade and Industry in the Autonomous Region in Muslim Mindanao (DTI-ARMM) successfully wrapped up a three-day Trabaho Negosyo Kabuhayan Konsyumer (TNKK) summit here that gave emphasis to the smart and proper investment of money. Lawyer Anwar Malang, DTI-ARMM regional secretary, said the summit, which coincided with October’s celebration of …

EastMinCom sends troops to protest-hit banana plantation in Comval

DAVAO CITY – The military’s  Eastern Mindanao Command will send  soldiers to a tension-gripped  banana plantation in Compostela Valley as clash between militant labor groups and local growers broke off the other day. Major Ezra Balagtey,  EastMinCom spokesperson, said the military would be sending soldiers to the Sumifru plantation in Barangay San Miguel in Compostela …

DTI opens OTOP center in Zamboanga City

ZAMBOANGA CITY–Cielito “Honeylet” Avanceña on Monday encouraged the women sector to engage in business to empower themselves and have financial independence. Avanceña, President Rodrigo Duterte’s partner, led Monday’s opening of the One-Town, One-Product (OTOP) center at a shopping mall here. The OTOP center is a project of the Department of Trade and Industry (DTI). Avanceña …