More liberal foreign equity rule looms in Philippines

27 March, 2013
By Doris C. Dumlao | Source: ANN

The Philippines’ Securities and Exchange Commission (SEC) has drafted a new set of guidelines on foreign ownership in partly nationalised industries—a more liberal framework wherein the 40-per cent foreign equity limit is prescribed on

Philippines’ case vs China inches forward

26 March, 2013
By Tarra Quismundo | Source: ANN

The Philippines’ arbitration case against China has moved a step forward after the president of the International Tribunal for the Law of the Sea (Itlos) appointed the second member of the ad hoc tribunal

Philippines’ case vs China inches forward

26 March, 2013
By Tarra Quismundo | Source: ANN

The Philippines’ arbitration case against China has moved a step forward after the president of the International Tribunal for the Law of the Sea (Itlos) appointed the second member of the ad hoc tribunal

Philippine auto industry expects sales to rev up

25 March, 2013
By Riza T. Olchondra | Source: ANN

The Philippines is set to boost local vehicle manufacturing and grow a supply chain as the country undergoes rapid motorisation fuelled by a growing economy. The executive director of Philippine Automotive Competitiveness Council Inc.

Abu Sayyaf’s capability to raise terror a US concern

22 March, 2013
By ANN | Source: ANN

The capability of Abu Sayyaf Group to raise terror remains a concern of the United States even as it claimed that the situation in the southern Philippine region Mindanao has “progressed” over time. “Well

‘Red alerts’ for troubled Philippine public firms eyed

22 March, 2013
By Doris C. Dumlao | Source: ANN

The Philippine Stock Exchange (PSE) is proposing an overhaul of guidelines governing companies in financial distress or under corporate rehabilitation to include “red alerts” prior to actual bankruptcy, aiming to better protect minority investors who

Philippine sea patrols to check on China naval exercises

22 March, 2013
By Tarra Quismundo | Source: ANN

Philippine naval security forces are set to conduct “sovereignty patrols” in the West Philippines Sea (South China Sea) to check on possible intrusions by Chinese vessels conducting naval exercises within the country’s maritime boundaries,

Philippine gov’t extends legal aid to 8 charged in Sabah

22 March, 2013
By Allan Nawal, Michael Lim Ubac | Source: ANN

Malacanang will extend consular and legal assistance to the eight men charged with terrorism in Sabah despite doubts expressed by the sultanate of Sulu over their citizenship. Malaysia, which insists the eight are Filipino