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Last 50 tweets from @InquirerBiz
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
“There will be no significant shift in the share of the parties in the market and the number of players will remain unchanged post-transaction,” stated the decision cleared by PCC OIC Chairperson Johannes Bernabe & its commissioners. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
It added that other health plan companies offering the same services remain to pose substantial competitive constraints on the merged firms after the transaction. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The PCC said it found that the proposed takeover will not likely result in substantial lessening of competition in the markets for individual and group health or medical coverage. @InquirerBiz
 
Inquirer Business Retweeted ·  
The PHL Competition Commission announced today that it has approved the proposed acquisition by AIA Philippines Life and General Insurance Company Inc. of 100% of shares in MediCard Philippines Inc. @InquirerBiz
 
Here's the foreign exchange rate for the Philippine peso as of Jan. 6, 2023.

Visit business.inquirer.net for more business news and updates.
 
Philippine Stock Exchange says it signed an initial cooperation agreement with China's Shenzen Stock Exchange, adds there are no binding provisions until definitive deal is finalized. | @miguelrcamusINQ
 
LOOK: National Telecommunications Commission holds press briefing to give updates on SIM card registration today. As of Jan. 4, 8.31 percent of the subscribers have registered. | @TyronePiad
 
READ: Gokongwei-led Robinsons Retail to buy another 4.4% of Bank of the Philippine Islands.

Gokongwei Group will end up owning about 10.4% of BPI after completing share swap, merger between Robinsons Bank & BPI. | @miguelrcamusINQ
 
Here's the foreign exchange rate for the Philippine peso as of Jan. 5, 2023.

Visit business.inquirer.net for more business news and updates.
 
READ: The Bank of the Philippine Islands thanks customers for their understanding and pledges to improve systems and processes after accounts were affected by duplicate charges on Wednesday. | @miguelrcamusINQ /PDI
 
LOOK: The Department of Trade and Industry says it issued notices of violation to four retail firms in Bulacan selling fireworks, clamping down on the sale of unbranded and unlicensed goods being sold in local markets. | @AldenMonzonINQ /PDI pic.twitter.com/txYviaUVfz
Replying to @InquirerBiz @inquirerdotnet and 1 otherfalse
The DTI said it conducted the enforcement operation last Dec. 29, where they inspected 8 retail firm in the province which sell fireworks. | @AldenMonzonINQ /PDI
 
LOOK: The Department of Trade and Industry says it issued notices of violation to four retail firms in Bulacan selling fireworks, clamping down on the sale of unbranded and unlicensed goods being sold in local markets. | @AldenMonzonINQ /PDI
 
Inquirer Business Retweeted ·  
Christmas shopping for billionaires: PLDT director James Go bought 15,000 PLDT shares worth P19.7M last Dec. 28.
 
Inquirer Business Retweeted ·  
In reply to @RonWDomingoINQ
Inflation in December was the highest since November 2008, and was more than twice as high as the 3.1 percent recorded in December 2021
 
Inquirer Business Retweeted ·  
In reply to @RonWDomingoINQ
Other big contributors to faster inflation were restaurants and accommodation services as well as housing, water, electricity, gas and other fuels
 
Inquirer Business Retweeted ·  
In reply to @RonWDomingoINQ
The December readout was mainly driven by faster rate of increases in prices of vegetables especially cabbage, rice, and fruits like bananas
 
Inquirer Business Retweeted ·  
Inflation in the Philippines went up even higher at 8.1 percent in December 2022 from 8 percent in November, bringing the full-year average to 5.8 percent, according to the Philippine Statistics Authority.
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The agreement also opens doors for possible collaboration between PH & China in undertaking joint case studies & capacity building programs to enhance the knowledge & skills of MSMEs & maximize the potentials of e-commerce. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The PH official added that the MOU will also operationalize agenda 17 of the PH's e-commerce 2022 roadmap re: the enhancement of cross-border cooperation & market access through trade agreements & economic cooperation programs w/ major e-commerce trading partners. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
"We look forward to interventions that will promote consumer & merchant protection, intellectual property, data security, & privacy laws," Pascual said further, adding the MOU will be beneficial in building the capacity of PH businesses”, Pascual added. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
“This agreement will facilitate the sharing of experiences, best practices, critical information, & policies related to trade & e-commerce," PH trade secretary Alfred Pascual said. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
These include (1) promoting trade of high quality featured products & services (2) pursuing biz exchanges between MSMEs, e-commerce platforms, start-ups, & logistics service providers; (3) sharing of best practices, innovative experiences in utilizing e-commerce. @InquirerBiz
 
Inquirer Business Retweeted ·  
The Department of Trade & Industry says it signed a memorandum of understanding on electronic commerce cooperation w/ the Chinese Ministry of Commerce, focusing on three areas of cooperation. @InquirerBiz
 
Here's the foreign exchange rate for the Philippine peso as of Jan. 4, 2023.

Visit business.inquirer.net for more business news and updates.
 
The BPI says it resolved the problem over erroneous duplicate transactions that caused unwarranted reductions in clients’ bank accounts, online services remain inaccessible or intermittent. | @miguelrcamusINQ /PDI
 
Inquirer Business Retweeted ·  
In reply to @TalktoBPI
@TalktoBPI says it has successfully resolved duplicate transactions that affected clients’ BPI accounts.

But “given high volume of inquiries on our online banking channels, you may experience intermittent access to our web and mobile app platforms,” it said. @InquirerBiz
 
READ: Aboitiz-led Union Bank of the Philippines sets rights offer price at P56.88/share which is a 35% discount from the current price. | @miguelrcamusINQ /PDI pic.twitter.com/BuKHlMCTe6
Investors can buy 1 rights share for every 10.15 Union Bank shares owned. Ex-rights date on Jan. 9, offer runs from Jan. 16-27, 2023. | @miguelrcamusINQ /PDI
 
READ: Aboitiz-led Union Bank of the Philippines sets rights offer price at P56.88/share which is a 35% discount from the current price. | @miguelrcamusINQ /PDI
 
Inquirer Business Retweeted ·  
In reply to @RonWDomingoINQ
The Bangko Sentral ng Pilipinas says “sustained growth in credit and domestic liquidity will continue to support economic activity and domestic demand”
 
Inquirer Business Retweeted ·  
Lending activities of PH largest banks to businesses and households grew by 14% in November 2022 compared with the same month of 2021
 
Inquirer Business Retweeted ·  
BPI UPDATE: Duplicate transactions to be corrected "within the day".

Online banking channels inaccessible or intermittently available due to "high volume of inquiries." BPI assures clients accounts are safe and secure. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
However, they may be allowed to examine a govt-issued ID within a reasonable time provided that there is prior sufficient explanation of the necessity of processing sensitive personal information for that purpose. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
Under this, private security agencies, authorized security guards shall not access, record, copy, or collect sensitive personal information (birth date, nos. & images of govt-issued IDs) nor shall they keep ID cards containing sensitive personal information. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The NPC also issued a new circular to serve as guidelines for private security agencies on the proper handling of customer, visitor information. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
In loan processing activities, section 3(D) of the amended circular says a lending/financing company, or persons acting as such prohibit from conducting unnecessary processing, incl. requiring unnecessary permissions w/c involve personal & sensitive information. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
As an example, the NPC said that if the loan transaction is being facilitated through a mobile application, the details of processing shall be readily accessible & easily located w/in the mobile application. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The commission said that when providing details of processing to data subjects, the lending company, financing company, or other persons acting as such must consider the accessibility of the information & convenience of the borrowers. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The just-in-time notice provides data subjects w/ information on how a particular piece of information they are asked to provide will be processed, said the NPC. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
Under Section 3(A)(5) of the amended circular, a lending company, financing company, & other persons acting as such should provide just-in-time notices before obtaining the consent of the data subjects in loan-related transactions. @InquirerBiz
 
Inquirer Business Retweeted ·  
The Nat'l Privacy Commission says it has amended certain provisions of a circular it issued in 2020, w/c provides guidelines on the processing of personal data for loan-related transactions. @InquirerBiz
 
Inquirer Business Retweeted ·  
Aboitiz-led Union Bank of the Philippines says P12B stock rights offer price range at P54.48-P58.38/share.

Final price to be set today while offer period will run from Jan. 16-27. Ex-rights date set on Jan. 9, 2023. @InquirerBiz
 
Here's the foreign exchange rate for the Philippine peso as of Jan. 3, 2023.

Visit business.inquirer.net for more business news and updates.
 
Inquirer Business Retweeted ·  
Veteran banker Felix Enrico R. Alfiler rejoined the board of Lucio Tan's Philippine National Bank as a non-independent director last Dec. 29. @InquirerBiz
 
Inquirer Business Retweeted ·  
Flying V says it will implement fuel price adjustments starting 6am tomorrow (Tuesday), increasing the costs of its gasoline by P2.90/L, kerosene by P3.05/L, & biodiesel by P2.10/L. @InquirerBiz
 
ADVISORY: Flights to and from Manila are on hold due to technical issues at the Air Navigation Facilities of the Civil Aviation Authority of the Philippines. | @TyronePiad /PDI
 
Inquirer Business Retweeted ·  
In reply to @TyronePiad
READ: AirAsia PH statement on flight delays following power outage at ATMC @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @daxINQ
At present, there are no flights operating within PH airspace, whether originating to and from PH airports, or overflights by other carriers transiting the area. @inquirerdotnet
 
Inquirer Business Retweeted ·  
Socmed posts indicating an earlier NAIA power, radar outage, affecting PH flights and airspace overflights.

Update from MIAA GM Cesar Chiong: “From CAAP - power supply issue fixed and restored to have ATC service to operate shortly after completing system tests.” @inquirerdotnet
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
The DTI said this was in response to the call of President Marcos Jr. & the DA Circular No. 12, which places an SRP of P250 per kilogram of red onion in public wet markets. @InquirerBiz
 
Inquirer Business Retweeted ·  
In reply to @AldenMonzonINQ
“DTI is calling on sellers to keep their prices within the suggested retail prices. We are exerting every effort to ensure that prices of basic necessities and prime commodities are within reach of Filipino consumers,” said Pascual. @InquirerBiz
 
 
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