arsenio balisacan - updates

Rappler's latest stories on arsenio balisacan


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.

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

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

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

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

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

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

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

Philippine electronics body abandons 2015 growth target

Sep 02, 2015 - 5:33 PM

SEIPI slashes its full year growth projection due to the downturn in major market China

SLOWER GROWTH. The Philippines saw electronics export earnings in 2014 to increase by 9.02% to $61.81 billion, much higher than SEIPI's slashed 2015 growth target

PH economic growth picking up despite slip in exports – Moody's

Aug 22, 2015 - 10:18 AM

Merchandise exports – which contribute 30 40 to GDP – however decline by 4 7 in the first semester the Philippine Statistics Authority says

PICKING UP STEAM. Moody’s says stronger government spending allowed the Philippine economy to recover from its dismal performance in the first quarter

NTC eyes new rules on minimum speed for mobile broadband

Aug 18, 2015 - 6:41 PM

The National Telecommunications Commission is targeting the promulgation of the new rules by November

UN-backed dev’t network launched in PH

Aug 04, 2015 - 8:01 PM

With 2015 as the millennium development goals deadline the UN sets a development agenda anew

In Sendai, Philippines shows lessons from Yolanda

Mar 20, 2015 - 7:40 PM

The Philippines signs a framework for disaster risk reduction during a recently concluded United Nations conference in Sendai Japan

BEST PRACTICES. Social Welfare Secretary Corazon Soliman heads the Philippine delegation to the 3rd United Nations World Conference on Disaster Risk Reduction. Photo from UNISDR

Steep prices, Yolanda hike PH poverty incidence in H1 2014

Mar 06, 2015 - 2:01 PM

The country s per capita income increased by 6 4 in the first half of 2014 over 2013 but this gain was eroded by very high food prices says NEDA

POOR AND HOMELESS. Makeshift tents for poor families that have lost everything due to Super Typhoon Yolanda. File photo by EPA

Imports up by 2.4% in 2014

Feb 24, 2015 - 4:49 PM

However the issue of port congestion is still a significant risk for both exports and imports says Economic Planning Secretary Arsenio Balisacan

'SIGNIFICANT RISK.' Port congestion remains an issue for Philippines' exports and imports. File photo from the ICTSI website

Imports decline to 10.8% in November 2014

Jan 27, 2015 - 2:00 PM

Declining global oil prices contribute to the lower payments for mineral fuels imports for the month NEDA says

Urban decay threatens hot Philippine economy

Oct 12, 2014 - 1:28 PM

Many infrastructure projects take up 3 administrations to finish and with Aquino s term in its last stretch an expert says a multi administration plan is needed to solve infrastructure woes

URBAN DECAY. Experts say infrastructure development in the Philippines must keep up with the growing economy to sustain growth. Photo by Francis Malasig/EPA

NEDA chief: Tourism, manufacturing to provide more jobs

Sep 30, 2014 - 8:06 PM

NEDA’s Arsenio Balisacan says job readiness in tourism and manufacturing is not a concern and that they can employ more Filipinos to sustain the country’s growth

Aquino Cabinet meets with supporters on day of anti-pork rally

Aug 25, 2014 - 6:07 PM

The Cabinet members say reforms will continue and key bills will be passed into law

AQUINO SUPPORT. Cabinet allies appear at launch of Kompre, which supports the reforms of Aquino's administration. Photo by Rappler

PH economy to grow 6.7% in 2014 – UN ESCAP

Aug 07, 2014 - 10:58 AM

The Philippines will end the year with private consumption and investment driven growth the UN ESCAP says

Abad, Cabinet in full force to defend DAP

Jul 24, 2014 - 8:00 AM

Abad invites Finance Secretary Cesar Purisima and Socio economic Planning Secretary Arsenio Balisacan to help him defend the DAP at the Senate

DAP IMPACT. In their DAP termination memo to President Aquino, the country's economic managers cite the 'impact' of the policy intervention on the economy, among others.

Economic managers cite DAP ‘impact’ in 2013 memo to Aquino

Jul 11, 2014 - 5:38 PM

All economic and fiscal indicators point to the conclusion that DAP has achieved its objective as a fiscal stimulus measure the economic managers say in the December 2013 memo to President Aquino

Exports sustain double-digit growth in March

May 09, 2014 - 2:34 PM

NEDA chief Arsenio Balisacan says the latest export figures show that the Philippines is riding the wave of a sustained expansion in global manufacturing activity

PH poverty incidence on downward trend – NEDA

Apr 29, 2014 - 4:04 PM

NEDA chief Arsenio Balisacan says reduced poverty incidence in the first half of 2013 indicates that current development strategies are leading to inclusive growth