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Page 7 - தேசிய பொருளாதார வளர்ச்சி அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Senate OKs bill easing entry of foreign retail enterprises in PH

Senate of the Philippines (Senate PRIB) Senators voted to pass on Wednesday, May 19, Senate Bill No. 1840, which proposes to amend the Retail Liberalization Act of 2000 (Republic Act No. 8762) and lower the required paid-up capital of foreign retail businesses. President Duterte earlier certified the bill as urgent, with government economic and finance managers saying it will encourage the entry of investors and further boost economic recovery following the COVID-19 pandemic. The bill sets a minimum paid-up capital of P50 million for foreign retailers who want to engage or invest in the retail trade business. The current law sets the required capital at US$2.5 million, or its equivalent in Philippine peso.

Philippines 2050

Philippines 2050
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Bicol Int l Airport eyes opening within the year – Manila Bulletin

Published May 14, 2021, 1:57 PM Another international airport in Luzon is expected to open within the year. SCENIC AIRPORT. The entire Bicol region is expected to benefit from the completion of the Bicol International Airport which transport executives say will open before the end of the year. (Photo courtesy of Department of Transportation/MANILA BULLETIN) Department of Transportation DOTr) secretary Arthur Tugade recently led a team that conducted an ocular visit to the Bicol International Airport (BIA) in Barangay Alobo, Daraga, Albay which is said to be almost 80% complete. A data released by the National Economic Development Authority (NEDA) in Bicol reveal that construction works for the airport is now 76.8% complete. The project actually started in 2008 but technical glitches and the damages caused by typhoons in the area hindered its development.

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