Balisacan - updates

Rappler's latest stories on Balisacan

ARTICLE FINDER

New antitrust body under proposed constitution 'good for competition'

Jul 20, 2018 - 3:34 PM

Philippine Competition Commission Chairman Arsenio Balisacan says the Consultative Committee's proposed constitution creates a Federal Competition Commission, a constitutional body that has 'more teeth' than the PCC

SUPPORT. Philippine Competition Commission Chairman Arsenio Balisacan supports federalism. PCC Photo

PH Competition Commission doubles threshold for review of mergers

Mar 05, 2018 - 6:00 PM

With inflation going up, the country's antitrust body adjusts the threshold for reviewing merger and acquisition (M&A) transactions to P2 billion, from P1 billion

THRESHOLD REVIEW. Arsenio Balisacan says PCC will continue to conduct regular monitoring of the M&A notifications and will revisit the threshold level periodically to make sure it is responsive to changes in the markets and the economy. Photo by Chrisee Dela Paz/Rappler

PH Competition Commission eyes raising threshold for merger review

Feb 21, 2018 - 3:00 PM

The country's antitrust body is reviewing its existing P1-billion threshold, taking into account that inflation hit a 3-year high last January

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals with transaction values above P1 billion. Photo of Chairman Arsenio Balisacan from Philippine Competition Commission

Bank for OFWs could open in February 2018

Dec 22, 2017 - 8:00 PM

The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank

GO SIGNAL. BSP approves Landbank's acquisition of the Philippine Postal Savings Bank which will be turned into a bank for OFWs. Photo by Rappler

PH internet 'no good'? Telcos, PCC react to Jack Ma

Oct 26, 2017 - 8:55 PM

PLDT and Globe say they're working to improve services, while the Philippine Competition Commission describes Jack Ma's disappointing experience as a 'wake-up call' for the telcos

Competition policy enforcement in the digital age

Sep 30, 2017 - 11:26 AM

The decisions to be made by the Philippine Competition Commission in coming months, as it fully implements the Philippine Competition Act, will set the tone for competition regulation in Philippine markets

Probe on alleged resurgence of garlic cartel launched

Aug 09, 2017 - 12:23 PM

The Philippine Competition Commission will review the 2014 report by the Office for Competition of the Department of Justice on the alleged garlic cartel

PRELIMINARY INQUIRY. Senator Cynthia Villar approaches PCC on alleged resurgence of garlic cartel. Rappler file photo

How PH's top antitrust official is guarding market competition

Jun 15, 2017 - 10:00 AM

Arsenio Balisacan the first chairperson of the Philippine Competition Commission says he is not one to run away from challenges

ACADEMIC STAR. Arsenio Balisacan considers his role as the first chairman of Philippine Competition Commission one of the biggest challenges in his life. Photo by Chrisee Dela Paz/Rappler

#ThewRap: Things you need to know, April 20, 2017

Apr 20, 2017 - 11:30 AM

Hello Here are the stories you shouldn t miss this Thursday

PCC takes buyout battle with telcos to Supreme Court

Apr 19, 2017 - 3:55 PM

The Philippine Competition Commission wants to be allowed to review the transaction between San Miguel PLDT and Globe

GOES TO HIGH COURT. PCC Chairman Arsenio Balisacan (extreme left) announces the Office of the Solicitor General (OSG) filed on behalf of the PCC last Tuesday, April 18 a petition before SC to lift injunction on telco review. Photo by Chrisee Dela Paz/Rappler

PCC: P1B threshold stays for reviewing mergers, acquisitions

Feb 21, 2017 - 7:25 PM

The Philippine Competition Commission says the country s threshold is reasonable and similar to those in economies of comparable size

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals whose transaction values are above P1 billion before the transaction is consummated. Photo from Philippine Competition Commission

PCC's 2017 priorities: Int'l shipping, cement, power, agriculture

Dec 05, 2016 - 9:25 PM

The Philippine Competition Commission will review these 4 sectors next year to check for possible anti competitive measures

COLLABORATION. Sector regulators have signed a memorandum of understanding with PCC to work together on promoting fair market competition in the country. Photo from Philippine Competition Commission

PCC, telcos meet to discuss San Miguel telco buyout

Jul 10, 2016 - 6:30 PM

After the dialogue the PCC stands by its position that PLDT s and Globe s acquisition of SMC s telco business is not deemed approved

REMAINS HANGING. The acquisition of San Miguel's telco assets by PLDT and Globe remains hanging. In the photo: Manuel V. Pangilinan (L) laughs with Ray Espinosa (R) on a comment on PLDT and Globe's marriage. Photo by Chrisee Dela Paz/Rappler

PLDT, Globe resubmit SMC telco buyout report to PCC

Jun 16, 2016 - 8:10 PM

But PLDT and Globe clarify they are not abandoning their stance that the deal is already deemed approved and may no longer be challenged by the PCC

STERN TEST. Philippine Competition Commission (PCC) Chairman Arsenio Balisacan (center) tells PLDT head Manuel V. Pangilinan (left) and Globe chief Ernest Cu (right) that they cannot proceed with the terms of the deal until the PCC approves their report.

PLDT, Globe shares down as PCC keeps an eye on SMC telco deal

Jun 13, 2016 - 5:30 PM

UPDATED The PCC warns PLDT and Globe of possible violations should they not comply with the watchdog s rules

FACES STERN TEST. PCC Chairman Balisacan (center) tells PLDT head Pangilinan (left) and Globe chief Cu (right) that they cannot proceed with the terms of the deal until the agency approves their report

PH gov't loses P250M yearly with embargo of 700MHz – Globe

Apr 11, 2016 - 6:30 PM

Existing operators and new entrants are drawn to the 700 MHz frequency band to unlock the growth potential in the Philippines relatively unsophisticated market

UNLOCKING POTENTIAL. The 700 MHz band is key for expanding mobile broadband into the outlying islands and rural provinces in the Philippines. Image from Shutterstock

Aquino appoints Esguerra as acting NEDA chief

Feb 01, 2016 - 1:41 PM

UPDATED His appointment comes as predecessor Arsenio Balisacan moves on to the Philippine Competition Commission

PH GDP growth, political TV ads, fake bombs in France | 6PM wRap

Jan 28, 2016 - 7:34 PM

Watch the 6PM edition of Rappler s newscast The wRap

Philippine GDP grows 6.3% in Q4 2015

Jan 28, 2016 - 10:13 AM

UPDATED For the entire year the country s GDP grew an average of 5 8 the Philippine Statistics Authority says

Balisacan's challenge: Can he fight vested interests?

Jan 27, 2016 - 8:30 AM

As chairman of the new Philippine Competition Commission Balisacan has to guard against predatory tactics by large companies and fend off entrenched special interests

Philippines tops Asian peers in imports in November 2015

Jan 26, 2016 - 4:39 PM

Although the Philippines’ overall imports increased its imports of mineral products and lubricants slid by 40 1

TOP DESTINATION. Raw materials and intermediate goods account for 41.4% of the Philippines’ total imports. Filipino workers on a construction site in Manila, Philippines, January 29, 2015. Photo by EPA/Ritchie B. Tongco

Mamasapano anniversary, ISIS’ new video, Twitter shakeup | 6PM wRap

Jan 25, 2016 - 6:33 PM

Watch the 6PM edition of Rappler s newscast The wRap

NEDA chief resigns, moves to new commission

Jan 25, 2016 - 1:42 PM

Arsenio Balisacan is the first chairperson of the new Philippine Competition Commission

PPP THRUST. "I'm proud to say that the Philippines has come a long way in terms of developing bankable PPP projects and ensuring that they are successfully tendered," Balisacan says. File photo by Rappler.

Affordable energy crucial to reach 7% PH GDP growth – NEDA chief

Jan 19, 2016 - 7:56 PM

Energy is so crucial to achieve 7 inclusive job creating economic growth in the next 5 years the Philippine socioeconomic planning chief says

BOOST FDI. The Philippines needs to deepen policy and institutional reforms to improve business climate, NEDA's Arsenio Balisacan says. Photo by Chrisee Dela Paz/Rappler

Abusive work conditions in PH hold back growth – UNDP report

Jan 19, 2016 - 3:36 PM

Work not just jobs contributes to human progress and enhances development

HUMAN DEVELOPMENT. Photo by Bea Orante/Rappler

PH manufacturing up 7.5% in November

Jan 12, 2016 - 7:29 PM

The sector is also expected to grow further due to robust domestic demand says NEDA

PH exports continue decline in November

Jan 12, 2016 - 4:09 PM

Given the performance of the export sector in the first 11 months of 2015 the full year target is unlikely to have been met NEDA s Arsenio Balisacan says

DECLINE. The Philippines records though the least export decline among the monitored economies in East and Southeast Asia for November 2015.

PH 2015 inflation settles at 1.4%

Jan 05, 2016 - 4:06 PM

While expected it is still below the government s 2015 target of 2 4 but upward price movements push December inflation to 1 5

EXPECTED. Favorable supply-side factors such as relatively lower domestic retail prices of corn, oil, and rice, lower international oil prices, and the contraction in the prices of housing and other utilities contribute to full-year 2015 inflation of 1.4%.

Yolanda rehab: Only 30% complete as 2016 begins

Dec 31, 2015 - 2:24 PM

The Philippines targets to complete most of the ongoing projects by 2016 or 3 years after Yolanda hit the country

MORE TO DO. The Philippine government still has a ton to accomplish, two years after Typhoon Yolanda struck the country in 2013. File photo by Rappler

Despite US Fed decision, BSP keeps interest rates unchanged

Dec 17, 2015 - 6:58 PM

Gov t officials say there s no need to worry about the US Fed interest rate hike as the Philippines has sound macroeconomic fundamentals

UNCHANGED. The central bank’s Monetary Board has decided to keep interest rates steady amid the firm domestic demand conditions and benign inflation environment. File photo from BSP

NEDA chief: PH economy can hit 8% growth in next 6 years

Dec 17, 2015 - 4:08 PM

If it would be business as usual potential growth of the economy cannot be higher than 6 says NEDA chief Arsenio Balisacan

HIGH GROWTH. 'We are confident that we shall see this high growth pattern continue and even improve throughout next year and the succeeding administrations,' Balisacan says. File photo by Rappler.

PH unemployment rate drops to record low 5.7%

Dec 10, 2015 - 6:21 PM

The latest Labor Force Survey shows the number of unemployed Filipinos decreased from 2 482 million in 2014 to 2 345 million this year

MORE JOBS. There is a lesser number of unemployed Filipinos in October 2015, says the latest Labor Force Survey. File photo by AFP

Roxas on MRT3, PH economy, Turkey-Russia relations | 6PM wRap

Nov 26, 2015 - 7:00 PM

Watch the 6PM edition of Rappler s newscast The wRap

6.9% Philippine GDP growth in Q4 unlikely – economists

Nov 26, 2015 - 6:27 PM

UPDATED Top economists give their take on the slower than expected Philippine economic growth

PH GDP grows 6% in Q3

Nov 26, 2015 - 11:05 AM

2ND UPDATE The country’s GDP growth in the previous quarter was the third fastest in the region after China’s 6 9 and Vietnam’s 6 8

APEC 2015: A sense of déjà vu

Nov 12, 2015 - 7:00 PM

The current and former NEDA chiefs compare the Philippine economy on the eve of the country s hosting of the APEC summit in 1996 and in 2015 Then and now the global community saw the country as poised to reach great economic heights

PH exports post biggest decline in September

Nov 10, 2015 - 5:22 PM

Nonetheless signs of a possible rebound of the country’s merchandise exports in the fourth quarter are likely owing to better prospects in Japan US and the Eurozone says NEDA chief Arsenio Balisacan

A factory worker makes parts at a joint venture Chinese and Japanese electronics firm manufacturing digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, in Yinchuan, 03 September 2004 in northwest China's Ningxia Hui Autonomous region. Foreign investors are being lured with offers of preferential tax and land use treatment in a bid to encourage more foreign investment into China's impoverished western regions. AFP PHOTO/Frederic J. BROWN

Super Typhoon Yolanda recovery halfway done – NEDA

Nov 05, 2015 - 6:57 PM

Gov’t says Yolanda recovery is entering its medium term phase and full recovery will only come in 2017

HALFWAY DONE. NEDA chief Arsenio M Balisacans says providing the full range of resettlement housing and large infrastructure projects such as municipal buildings in Yolanda-hit areas should be completed by 2017. File photo

Inflation steady at 0.4% in October

Nov 05, 2015 - 4:41 PM

The current low inflation environment is expected to continue throughout 2015 due to ample food supply and low oil prices says NEDA chief Arsenio Balisacan

WITHIN TARGET. “Our current runs show inflation is possibly bottoming out, and it will gradually move to within target range in 2016 and 2017,” BSP Governor Amando M. Tetangco Jr says in a text message.

NEDA chief: Mega Manila flood masterplan subject to 'refinements'

Nov 04, 2015 - 5:35 PM

Notwithstanding the kind of rigor we exercise during program and project deliberations we acknowledge that there is always room for improvement NEDA chief Arsenio Balisacan assures the public and critics of the project

PROBLEM PERSISTS. Public Works and Highways Secretary Rogelio Singson admits in June 2015 that the worsening floods in Metro Manila will not be solved overnight. File photo by George P. Moya/Rappler

New NAIA to be operational in two decades

Oct 27, 2015 - 7:16 PM

The Philippine government is looking at two possible sites for the new NAIA: the reclamation area in Manila Bay and the naval station in Sangley Point in Cavite

NAIA COLLAPSES. The image shows collapsed ceiling of the Ninoy Aquino International Airport (NAIA) Terminal 3 last March 27, 2006. Photo from Agence France-Presse

PH exports decline anew in August

Oct 09, 2015 - 3:41 PM

This marks the 5th consecutive month of negative export growth in 2015

SHARE. Components / devices (semiconductors) has the biggest share of 33.5% among electronic products and grew by 8.6% to $1.72 billion in August 2015 from $1.58 billion in August 2014. File photo from Agence France-Presse

Inflation continues to drop, hits 0.4% in September

Oct 06, 2015 - 3:11 PM

The low inflation environment in the first 9 months of 2015 is seen to persist throughout the rest of the year the NEDA chief says

DROP. Headline inflation continues to hit below 1% for the third consecutive month, as September 2015 record falls to 0.4%, the National Economic and Development Authority (NEDA) reports Tuesday, October 5, 2015.

What will stimulate PH economy until 2050?

Oct 01, 2015 - 2:19 PM

The Philippine economy can post an average growth of over 7 in the next 10 years – with quality workforce and an attractive investment climate

URBAN DECAY. Economic officials say infrastructure development in the Philippines is important to post an average GDP growth of 7% for the next 10 years. File photo

PH growth seen to top most Asian countries in 2015

Sep 26, 2015 - 9:42 AM

While the Philippines is unlikely to hit its growth target this year increased government spending especially as the May 2016 elections draw near would help it surpass most Asian countries say FMIC and UA P

ELECTION SPENDING. The Philippine economy will pick up steam mainly due to early spending for the 2016 polls. Photo by Michael Buena/Rappler

NEDA pushes 3 agricultural policy reforms for ASEAN integration

Sep 18, 2015 - 8:11 PM

NEDA says the Philippines needs to improve production boost spending in research and development as well as shift to tariffication from the current QR agreement to prepare the agricultural sector

DECLINING AGRICULTURE. The key reforms are seen to address the country’s declining agricultural sector, which only contributes a meager 10% in overall economic growth as of end

NEDA forum to focus on climate change, agriculture policy

Sep 14, 2015 - 12:15 AM

We need careful empirical assessment on the effects of climate change on the agriculture sector so that we can recommend the appropriate and evidence based policies and reforms says Arsenio Balisacan of NEDA

NTC to start testing telcos' fixed broadband speed

Sep 12, 2015 - 4:35 PM

Starting next week the National Telecommunications Commission will monitor if Internet service providers are complying with new rules on minimum broadband speed

BROADBAND TESTING. By definition, ISPs will not be able to say they provide broadband unless they give consumers at least 256 kbps. Photo from Agence France-Presse

PH exports continue to fall in July

Sep 10, 2015 - 3:10 PM

Easing commodity prices worldwide could dampen export revenue prospects in the near-term, the NEDA chief says

SLOWDOWN. Exports of semiconductors are expected to slow down in the fourth quarter of the year owing to weak orders from the EU (European Union), China, and Japan, NEDA says. File photo by Agence France-Presse

APEC ministers unveil new plan for sustainable, inclusive growth

Sep 09, 2015 - 5:37 PM

We agreed that we need a much stronger focus on promoting economic growth through structural reform says NEDA chief Arsenio Balisacan