THE COLLARO COLLECTIONGERMAN ceramics manufacturer Villeroy & Boch launched its new showroom at their distributor Focus Global, Inc.’s headquarters at the Twenty-four Seven McKinley Building in Bonifacio Global City (BGC) on March 21. The showroom shares space with Dornbracht, a German manufacturer of bathroom fittings

XB100-FREEPIKIn a meeting among economists in a foreign embassy, former Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla expressed his concern that the Philippines lacks a growth driver that it had in the past years with the business process outsourcing (BPO) industry. BPO revenues went

PHILIPPINE STAR/EDD GUMBANTHE PHILIPPINE Exporters Confederation, Inc. (Philexport) said that it is hoping that the Philippine Salt Industry Development Act will unlock the overseas market potential of Philippine salt.In a statement, Philexport President Sergio R. Ortiz-Luis, Jr. said Republic Act (RA) No. 11985 “will help

THE Department of Transportation (DoTr) said repurposing ports for offshore wind development will cost around $80 million.“Right now, we are doing the freight flow analysis that will eventually lead to a roadmap of ports development all over the Philippines,” Elmer Francisco U. Sarmiento, Transportation undersecretary

THE corporate life of state-run Power Sector Assets and Liabilities Management Corp. (PSALM) should be extended as it still has debts and assets, Finance Secretary Ralph G. Recto said. “I think it should be extended. Marami pa ring debts ang PSALM, marami pang dapat ibentang assets (PSALM still

REUTERSTHE Department of Trade and Industry (DTI) said that it is looking for international technical partners for its plan to build a lab-sized wafer fabrication hub to upgrade the Philippines’ capacity for prototyping chips.On the sidelines of the Induction Ceremonies and Oath-taking of the Council

BW FILE PHOTOBUSINESS GROUPS at the weekend asked Congress to revisit the domestic-supplier preference rules in the proposed New Government Procurement Act, saying the practice could weaken competition and discourage participation in government bidding.In a joint statement on Friday, the business groups said the provision

PHILSTAR FILE PHOTOTHE Supreme Court (SC) has ruled that dam water no longer fits the definition of natural resources and cannot be subject to the tax on national wealth.In a 28-page decision, the SC sitting en banc reversed a decision of the Court of Appeals

THE Governance Commission for GOCCs (GCG) said its proposal to revise its charter is still being worked on and should be submitted to Congress within this year.“We are working on the proposal,” GCG chairman Marius P. Corpus told BusinessWorld on the sidelines of the GCG Gender and

PHILIPPINE STAR/EDD GUMBANENHANCEMENTS to infrastructure and governance are key to attracting foreign investors, not just opening up the economic provisions of the 1987 Constitution, analysts said.“Attracting FDI (foreign direct investment) is not just about economic provisions (of the Constitution), it’s also about maintaining a good