Asean seeks higher intra-regional, China trades (Philippine Star)

NANNING, China Southeast Asian economies including the Philippines are expected to see an increase in intra-regional trade and investments as the 12th China-Asean Expo (Caexpo) opens today. Hu Suojin, deputy director-general at the general office of China’s Ministry of Commerce, said in a briefing yesterday trade missions and bilateral talks have been lined up on the…

Japanese ODAs face delays anew (Business Mirror (Philippines))

The implementation of projects funded by Japan’s official development assistance (ODA) is again at risk of being delayed, after the Bureau of Internal Revenue declared that Japanese contractors cannot pass on the full 12-percent value-added tax (VAT) to the Philippine government. Internal Revenue Commissioner Kim Jacinto-Henares made this pronouncement in Revenue Memorandum Circular (RMC) 45-2015, which…

CP Kelco Announces Plans to Invest in Specialty Biogums Capabilities and Capacity Expansion

ATLANTA, Sept. 16, 2015 (GLOBE NEWSWIRE) — In response to the strong global demand for specialty Biogums products, CP Kelco today announced plans to invest in building capabilities and expanding production capacity. As a leading global producer of hydrocolloid solutions used in a wide range of consumer products and industrial applications, CP Kelco is reinforcing […]

Mindanao grid gets additional 150 MW (Philippine Star)

DAVAO CITY, Philippines The power situation in Mindanao is expected to ease up with an additional 150 megawatts (MW) synchronized to its grid. The 105 MW will come from the operation starting tomorrow of Therma South Inc. (TSI), a coal-fired energy project in Barangay Binugao, Toril. Another 150-MW unit isscheduled for commercial operations early next year.…

President Aquino nominates Alicia Bala as new Civil Service Commission Chief (Philippines News Agency)

President Benigno S. Aquino III has nominated Alicia dela Rosa-Bala as Chairperson of the Civil Service Commission for a term that expires on February 2, 2022, replacing Francisco Duque III. The nomination has been forwarded to the Commission on Appointments, Communication Secretary Herminio Coloma, Jr. said in a statement issued on Tuesday. Bala recently completed her…