Tag: oks
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CEB board OKs restructuring plan following Airbus commitment
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CEBU Air, Inc. (CEB), operator of budget carrier Cebu Pacific, announced on Wednesday its board’s approval of a restructuring plan to use the company’s paid-in capital of P20.66 billion to address its earnings deficit. This follows the company’s commitment to purchase up to 152 A321 new engine option (NEO) aircraft…
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NEDA Board OKs P16.1-B digital infrastructure project
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THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr. has approved a P16.1-billion digital infrastructure project that seeks to boost internet connectivity in poor areas and improve cybersecurity. The Philippine Digital Infrastructure Project (PDIP), which will be undertaken by the Department of Information and…
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NEDA board OKs low tariff regime amid rising prices
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THE BOARD of the National Economic and Development Authority (NEDA) has approved a medium-term plan to lower tariffs on agricultural and industrial products, as the Philippines struggles with rising prices and declining factory performance.
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House OK’s rice tariffication law amendments on 2nd reading
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THE HOUSE of Representatives on Tuesday approved on second reading a bill that seeks to allow the National Food Authority (NFA) to sell rice at subsidized prices during emergencies including shortages.