Indices Analysis

SC tells GMA to reinstate workers

BW FILE PHOTO By Vann Marlo M. Villegas, Reporter THE Supreme Court ordered GMA Network, Inc. to reinstate 30 cameramen and assistant cameramen who were illegally dismissed in 2013. In a statement, the SC’s public information office said the court’s third division on July 13 declared the petitioners as regular …

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BoC finds some undervalued rice shipments

PHILIPPINE STAR By Beatrice M. Laforga, Reporter SEVERAL TRADERS have undervalued rice shipments with provisional goods declaration, resulting in P1.4 billion in lost revenues, the Bureau of Customs (BoC) said. A Finance department statement quoted Customs Commissioner Rey Leonardo B. Guerrero as saying they found the valuation of rice shipments …

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DBCC flags banks’ concentration risk

REUTERS/ELOISA LOPEZ THE Development Budget Coordination Committee (DBCC) said there is a need to monitor concentration risks arising from banks’ investments in government securities as well as recent efforts to boost domestic liquidity amid the pandemic. In its Fiscal Risks Statement for 2021, the DBCC said banks hold P2.2 trillion …

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Nationwide round-up

PHILSTAR/MICHAEL VARCAS Duterte likely to approve cap on COVID-19 testing fee PRESIDENT RODRIGO R. Duterte will likely approve the health department’s recommendation of setting a price cap on RT-PCR testing for the coronavirus disease 2019 (COVID-19). “Ang Presidente po ay nag-issue ng (The President issued an) executive order imposing price …

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