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Foreign nationals can be directors of local firms

The Securities and Exchange Commission said foreign nationals can be elected as directors of corporations in proportion to their shares, but cannot be elected as officers in top positions......»»

Category: financeSource: philstar philstarJul 20th, 2021

PH government seeks stricter work permit for foreign workers amid Chinese scandals

To ensure local jobs are protected and to prevent foreign workers from being victimized by fly-by-night employers, the Philippine government is pushing for stringent work permits issued to foreign nationals......»»

Category: newsSource:  thestandardRelated NewsSep 27th, 2020

SC decision levels playing field for contractors – PCC

The Philippine Competition Commission has lauded the decision of the Supreme Court to declare as unconstitutional the nationality requirement in licensing rules for contractors, saying this would level the playing field for local and foreign firms in construction projects......»»

Category: newsSource:  philstarRelated NewsSep 15th, 2020

House official wary of SC ruling

An official said Thursday he was concerned over a Supreme Court decision that would allow foreign construction firms to have a local licensee and be able to engage in any private or government project in the country......»»

Category: newsSource:  thestandardRelated NewsSep 3rd, 2020

Always About the People

“Solid!” That was the only reaction, or lack thereof, that I could muster after that first breakaway slam of Kiefer Ravena’s UAAP collegiate basketball career over the outstretched arms of UST’s foreign center, Karim Abdul. Moments before, you could see Kiefer was going to go hard, as it was a one-on-one breakaway and he had the speed advantage over Abdul, who was hot on his heels. Little did I know that he was going to go for that highlight that would announce his entry into college basketball. That reaction, that loss for words, can pretty much sum up my past 10 years of covering college basketball for ABS-CBN Sports.  They first asked me to write about my most memorable UAAP game coverage; but I must confess, I was never really good at remembering exact details of games, unlike some of my fellow sportscasters, or even coaches I know, who remember almost detail for detail, or play by play. My memories come in highlights, or sometimes even just flashes of good or memorable plays.  I remember a 6’8”, 18-year old Ben Mbala, whom we first saw a glimpse of while Anton Roxas and I were covering the CESAFI league in the hot and humid Cebu Coliseum, sometime around 2012. He was playing for the Southwestern University Cobras, wasn’t as built and polished as when he was with DLSU, but you could already see the raw talent and athleticism. Fast forward a few years, I remember well how he took the UAAP by storm, with his monster dunks, and how he piloted La Salle to a championship while winning league MVP in Season 79.  I remember the heralded rookie season of Kiefer Ravena in the men’s division, after a storied juniors career. Kiefer won Rookie of the Year honors and helped lead Ateneo to two more titles to round up their 5-peat, before it was Jeron Teng’s turn to lead the Green Archers to a championship over his elder brother Jeric and the UST Growling Tigers.  I remember Bobby Ray Parks Jr. and his back-to-back MVP seasons. He was arguably the most complete college player during that time. It was painful to see his team fall short especially during his second MVP year. The Bulldogs made history the year after though, with Alfred Aroga, Troy Rosario, and Gelo Alolino now at the helm, winning the school’s first ever championship after more than forty years. I would argue that the past decade saw some of the brightest UAAP college basketball stars, both local and foreign, take to the hard court. It would almost be unfair to start naming them because I’ll surely end up leaving some names worthy enough to be mentioned. But we all remember Greg Slaughter, Ryan Buenafe, RR Garcia, Terence Romeo, Mac Belo, RR Pogoy, Roi Sumang, Charles Mamie, Alex Nuyles, Jericho Cruz, Papi Sarr, Jeron Teng, Jason Perkins, Aljun Melecio, Kiefer and Thirdy, Bobby Ray, Alfred Aroga, Kevin Ferrer, Karim Abul, Jeric Teng, Ange Kuoame, Matt and Mike Nieto, Paul Desiderio, Juan GDL, and the list goes on and on… all of them making their mark in the UAAP the past ten years. Aside from the highlights, there were the more mundane, behind-the-scenes memories, especially covering out-of-town games when we used to do the CESAFI and the PCCL. That was basketball coverage at its purest. There was a time we traveled to Lanao Del Sur to cover the Mindanao regional selection of the PCCL. Lanao was about another two to three hour drive from Cagayan de Oro along a dark highway with trees and mountains all around; and where there was only one mall in the entire town. Or when we traveled by van to La Union to cover the north regional selection of the PCCL… or even staying a whole week at the Cebu Grand Hotel, for the VisMin regional selection. Coverages then were bare bones: no real-time stats or live graphics, and I would even sometimes have to tally the points and rebounds of each player in-game on my notebook just so that I’d have some semblance of stats to mention on the coverage. Still, those games were so much fun because the players, getting their first shot at national TV coverage, would leave everything out on the floor.  In a year or so, both the UAAP and the NCAA will announce their respective new homes, and new broadcast teams will have the privilege of covering the best collegiate basketball players in the country. That’s how the ball bounces. I’m a firm believer that in life there are seasons, and a perfect time for everything. I’m just thankful for the opportunities thrown my way. If you were to ask me why the coverage of the UAAP helped build the league into what it is today, my answer would be simple: it was always about the people. At the end of the day, what makes the UAAP and its coverage great are the stories of the people that play, coach, officiate, cover, and run the games. It’s not really about the championships or the awards, but rather the challenges, hardships, and journeys of each of the individuals that brought them there.  And it is also about the directors, producers, cameramen, reporters and make-up artists that make sure that the audience sees what is supposed to be seen – the winning basket, a fan’s priceless reaction, the agony in defeat, and the glory of victory. It’s what Boom Gonzalez or Mico Halili would always say, that our job as anchors and analysts is to tell the people watching at home the story of what is happening in the game in the best way possible.  I just want to tip my hat to all the people that allowed us to do our jobs the best way possible. From our directors, producers, cameramen, floor directors, fellow panelists, courtside reporters, league officials, statisticians, make-up artists, and all those people behind the scenes whom we worked with, know that we were able to give our best because of you; and the UAAP coverage will not be what it is if not for all of your hard work and dedication.  It was, is, and will always be about the people. Marco Benitez was the team captain for the Ateneo Blue Eagles when they won the UAAP Season 65 men's seniors basketball title in 2002. Marco eventually covered collegiate basketball as analyst for ABS-CBN Sports starting in 2010. He is presently the President of the Philippine Women's University (PWU)......»»

Category: sportsSource:  abscbnRelated NewsAug 23rd, 2020

Susukan, top Abu Sayyaf leader, arrested in Davao City

The Davao City Police Office (DCPO) confirmed the arrest of Abu Sayyaf leader Idang Susukan in Maa, Davao City at around 8 p.m. on Thursday, August 13.  (Photo from Davao City Police) An official of the DCPO confirmed to Manila Bulletin over the phone that combined elements of police and Task Force Davao served a total of 39 warrants of arrest against Susukan for various criminal charges.   Asked if he noticed MNLF founder Nur Misuari in the house where Susukan was arrested, the police official said: “I haven’t seen Misuari there.” Intelligence sources earlier disclosed  that Susukan arrived in Davao City along with Moro National Liberation Front (MNLF) founder Nur Misuari onboard a private plane from Jolo, Sulu on Sunday. Quoting intelligence sources, too, the Malaysia-based The Star reported that Misuari and Susukan are scheduled to meet with President Rodrigo Duterte anytime this week here in Davao City.  The exclusive report of The Star added that Misuari brought the Abu Sayyaf leader here to have him fitted with a prosthetic replacement for his left arm.  Susukan was badly injured and lost his left arm following a firefight with government forces in Jolo last year. Furthermore, earlier reports also disclosed that Susukan had surrendered to Misuari in April.  Susukan was charged with several kidnapping operations against foreign nationals since 2013 in Sabah.  Sources in the security sector admitted that they have been monitoring the movement of Susukan since he arrived in the city.   Susukan was also a cohort of Malaysian terrorists Zulkifli Abdihur a.k.a. Marwan and Amin Baco a.k.a. Yohan when they were still based in Sulu in 2012.  He added that Susukan became the sub-leader of Hatib Sawadjaan, who was said to be the replacement of Isnilon Hapilon as the local emir in Southern Philippines of the Islamic State of Iraq and the Levant (ISIL)......»»

Category: newsSource:  inquirerRelated NewsAug 13th, 2020

Razon, Consunji, Megawide eyeing PNR-Calamba rail job

Six Philippine companies led by Megawide Construction Corp., D.M. Consunji Inc., EEI Corp., First Balfour, Santa Clara International Corp. and Razon Group’s Prime Infra and 17 foreign firms submitted bids to build the P344.6-billion PNR-Calamba Project, the Department of Transportation said Thursday......»»

Category: financeSource:  thestandardRelated NewsJul 23rd, 2021

Immigration allows foreigners with expired visas to apply for renewal until Nov. 30 due to pandemic

Foreign nationals stranded in the country can renew their visas that expired during the pandemic until November 30, the Bureau of Immigration said Friday......»»

Category: newsSource:  philstarRelated NewsJul 9th, 2021

Immigration warns foreigners of fake immigration service

The Bureau of Immigration on Tuesday clarified that it does not collect “immigration assistance” fees from foreign nationals......»»

Category: newsSource:  philstarRelated NewsJul 6th, 2021

PSEi seen to sustain upward movement

Local stocks breached the psychological 7,000 resistance level last week and may sustain the upward momentum as a confluence of positive domestic and foreign catalysts unveil this week......»»

Category: financeSource:  philstarRelated NewsJul 4th, 2021

Truckers wary of entry of foreign competition

The Confederation of Truckers Association of the Philippines is opposing a proposed law that would open up the local trucking industry to foreigners......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2021

PNB to create digital bank

Lucio Tan-led Philippine National Bank is joining the race with foreign and local banks for a spot in the digital banking space in the country......»»

Category: financeSource:  philstarRelated NewsJun 28th, 2021

Hot money registered $417-million net inflow in May on positive local developments

Foreign portfolio investments or hot money rebounded in May with a net inflow of $417 million from the $1.1-billion net outflow registered a year ago, as fund managers reacted positively to the prevailing low-interest rate environment, stable inflation, and the country’s investment grade rating that was affirmed by a major credit rating agency, the Bangko Sentral ng Pilipinas said Friday......»»

Category: financeSource:  thestandardRelated NewsJun 25th, 2021

Local, foreign business groups back planned Freedom of Information Act

Philippine and foreign business groups are pushing for the passage of the proposed Freedom of Information Act, which seeks to require government agencies to disclose information on matters involving public interest, to strengthen the people’s right to information, and promote transparency......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2021

PLDT preparing for heightened competition

Integrated telecommunications company PLDT Inc. is gearing up for heightened competition with the expected entry of more foreign investors in the local telco space with the possible approval of a proposal seeking to amend the country’s Public Service Act......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2021

Stocks race past 6,900, post three-month high

With foreign funds aggressively buying local stocks, the main index raced past another threshold to finish yesterday’s trading at its highest level in over three months......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2021

Bucking regional slump, PSEi finishes near 7,000-level

Philippine equities bucked a regional downturn on Wednesday to close near the 7,000-level, as foreign investors bet anew on local stocks despite a slew of bad economic news in the previous day......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2021

China mulls new law to fight foreign sanctions

China is planning to introduce a new law that protects its firms from foreign sanctions, state media reported Monday, as it looks to build its defences against rising US pressure......»»

Category: newsSource:  inquirerRelated NewsJun 7th, 2021

FIBA open to change eligibility rules with careful study, says exec

According to Khajirian, these need to be looked into first before making any changes to rules that have long haunted the Gilas program — including the “passport rule” where Fil-Foreign players like Remy Martin, Jordan Clarkson, among others, would need to have a Philippine passport by age 16 to be considered a “local” for the national team......»»

Category: sportsSource:  philstarRelated NewsJun 6th, 2021

Businesses seek relief over water quality, effluent standards

Local and foreign business groups are urging Congress to include in the proposed Bayanihan 3 a moratorium on the lifting of the grace period to comply with water quality and general effluent standards as a form of support to companies given the ongoing pandemic......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2021

Local firms exempt from paying participation fees in travel fairs

The Department of Tourism has exempted local stakeholders from paying a participation fee in joining international travel fairs, road shows and similar events until the end of the year......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2021