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Philippines rejects Go-Jek application

The Philippine Land Transportation Franchising and Regulatory Board (LTFRB) has rejected the request from Indonesian ride-hailing company Go-Jek to operate in the country because of a local regulation on corporate ownership. The LTFRB pre-accreditation committee’s Resolution No. 096, dated Dec. 20, 2018, rejects Go-Jek’s application through local transport network company (TNC) Velox Technology Philippines, kompas.com reported on recently. The board rejected the application on the […]

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Philippines: Spending on infrastructure continues to grow

MANILA, Philippines — Government spending on infrastructure continued to grow year-on-year last November, but at a slower pace compared to the spending growth recorded in the previous month, the Department of Budget and Management (DBM) reported yesterday. According to the latest disbursement report of the DBM, spending for infrastructure and other capital outlays in November last year rose by 43.6 percent […]

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Philippines: SEC issues guidelines on non-profit organizations

MANILA, Philippines — The Securities and Exchange Commission has issued new guidelines for non-profit organizations. Under the new guidelines issued by the SEC, non-profit organizations will be subject to heightened monitoring to protect them from money laundering and terrorist financing abuse. In particular, the SEC now undertakes the task of identifying non-profit organizations that are […]

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Philippines seeks balance trade with Indonesia

MANILA, Philippines — The Philippines may impose stricter trade measures against Indonesia after the ASEAN neighboring country decided not to ease up on its protocols and open their market access. Agriculture Secretary Emmanuel Piñol said the trade negotiations between the two countries did not yield positive results for the Philippines last month. “It was not […]

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