News: DTI seeks halt to new port fees

Wednesday, July 26, 2023

DTI seeks halt to new port fees

July 27, 2023

DTI seeks halt to new port fees, charges

The Department of Trade and Industry (DTI) on Tuesday said it was pushing for a moratorium on new port fees and charges, as well as the regulation of international shipping charges.

By Alden M. Monzon and Tyrone Jasper C. Piad

Balai profits surge as network grows

Food kiosk king Lester Yu's Balai ni Fruitas Inc., which owns the Balai Pandesal bakeshop chain, maintained its earnings growth trajectory in the first semester of 2023 as it increased its branch network.

By Miguel R. Camus

Be kind and be firm

"But our employees in their 20s and 30s cannot accept feedback, even if given nicely. They cry, get mad, say bad things, quit. One was so 'bastos (rude)' that he complained about his supervisor on social media just for telling him to shape up."

By Queena N. Lee-Chua

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BIZ BUZZ

Foreign miners, local dummies?

The Department of Justice has filed criminal charges against members of the board of Mt. Labo Exploration and Development Corp. who served from 2011 to 2015, led by Justine Alexandria Magee, the CEO of associate company RTG Mining Inc., and director Matthew Gordon Syme for allegedly violating the Anti-Dummy Law, Biz Buzz learned.

By Daxim L. Lucas

INQUIRER PLUS-EXCLUSIVE

PXP net loss widens on lower crude prices

Manuel Pangilinan-led PXP Energy Corp. widened its net loss to P11.2 million in the first half of the year from P6.3 million in the same period in 2022 due to higher interest expenses and lower returns from Galoc oil field operations.

By Meg J. Adonis

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