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The government also extended military support to Alfonso Lim, with one of his companies enlisting 150 soldiers and 50 security guards. The Philippine Military trained draftees, and Lim paid for their salaries and provided their weapons. [2] Herminio Disini, a Marcos crony known for his tobacco monopoly, also had dealings with agriculture and ...
The end of the petro-dollar glut led financing institutions to begin tightening credit, forcing the government to resort to short-term loans with higher interest rates to service debts and to import goods. [1] In the third quarter of 1981, the Philippine economy followed the course of the US economy into recession. [1]
The Philippine Competition Commission is an independent, quasi-judicial body created to enforce the act. It is attached to the Office of the President of the Philippines. [6] Five commissioners were appointed to the Philippine Competition Commission and sworn in on January 27, 2015: [7] Michael G. Aguinaldo (Chairperson) Marah Victoria S. Querol
On March 10, 1785, King Charles III of Spain confirmed the establishment of the Royal Philippine Company with a 25-year charter. The Basque-based company was granted a monopoly on the importation of Chinese and Indian goods into the Philippines, as well as the shipping of the goods directly to Spain via the Cape of Good Hope. [23]
The Philippine Competition Commission (PhCC) is an independent, quasi-judicial body formed to implement the Philippine Competition Act (Republic Act No. 10667). The PhCC aims to promote and maintain market competition within the Philippines by regulating anti-competition behavior.
Philippine National Oil Company: Oil & gas Exploration & production Taguig: 1973 State oil & gas S A Philippine Postal Corporation: Industrials Delivery services Manila: 1767 Postal service S A Philippines AirAsia: Consumer services Airlines Pasay: 2010 Airline P A Philippine Savings Bank: Financials Banks Makati: 1959 Savings bank, part of ...
Under the Marcos administration, he served as Ambassador to Japan and Chief of the Philippine National Bank, which was the largest state-owned bank at the time. He permitted huge loans for business of other cronies and associates. He used PNB to grant loans for his shipping company, Northern Lines, and his sugar business.
Delta Motor Corporation was a former automobile company established by Ricardo C. Silverio Sr. in the Philippines. [2] It operated under a technical tie-up with Toyota Motor Corporation of Japan, [3] but also produced its own range of small off-roaders called the "Delta Mini Cruiser".