News

Competition watchdog fines condo developer in first 'abuse of dominance' case

MANILA, Philippines — The Philippine Competition Commission has charged Urban Deca Homes Manila Condominium Corporation and its parent 8990 Holdings, Inc. for abuse of dominance, marking the end of a months-long case against the mass-housing leader and the country's first abuse of dominance case.   The case dates back to March 27 when the PCC filed a "statement of objec...

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SEC orders scent seller Scentko World to stop unlicensed investment scheme

The Securities and Exchange Commission has ordered Scentko World Corp. and its parent firm Brendahl Cruz Holdings Inc. to stop what the corporate regulator deemed as illegal solicitation of investments in the guise of marketing perfume and cosmetics. Under a “buy and earn” investment scheme, Scentkoworld entices the public to buy perfume and beauty products in exchange for &ldq...

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65 companies out of Philexport Cebu due to market uncertainties

THE export industry in Cebu has caught itself in a growing business uncertainty, as global trade remains lackluster and the cost of doing business rises. Philippine Exporters Confederation Inc. (Philexport)-Cebu executive director Fred Escalona asserted that if the downward trend continues, “it will be catastrophic” for the export sector not only of Central Visayas but of the countr...

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Proposed Medellin economic zone hopes to bring dev't to countryside

DEVELOPING the fourth district into an economic zone and improving health services are among the priorities of former congressman Benhur Salimbangon as consultant of the Provincial Government. This early, he is already wooing locators at the Mactan Economic Zone that will be affected by the construction of the second airport runway in the next 24 years. Benhur was tapped by Gov. Gwendolyn Ga...

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Iloilo ready for transport strike

ILOILO Governor Arthur Defensor Jr. assured the public Friday, September 27, that the province is ready for the transport strike set on Monday, September 30. Defensor called for an emergency meeting with different stakeholders and department heads Friday afternoon to find out who will be directly affected by the transport strike. During the meeting with 18 stakeholders, including the Capitol...

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Iloilo City wins 3 Western Visayas Best Population awards

THE Iloilo City Government won three top spots in the Regional Search for the 2019 Kaunlarang Pantao or the Rafael M. Salas Population Development Award. The awards are Most Outstanding City Population Office (CPO); Most Outstanding City Population Officer, Mary Ann A. Ramos; and Most Outstanding Barangay Population Volunteer, Luzviminda Francisco, besting contenders in Western Visayas. They...

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