Saturday, November 01, 2014
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  • K-water takes over Angat plant

    K-water takes over Angat plant

    Korea Water Resources Corp. on Friday took over the operation of the 218-megawatt Angat hydroelectric power plant in Bulacan province after paying the government P19.662 billion. Power Sector Assets and Liabilities Management Corp., which manages the power plant on behalf of the National Power Corp., said...
  • Fed action to calm market — BSP

    Fed action to calm market —...

    The Bangko Sentral ng Pilipinas said Thursday it may keep interest rates steady, even after the US Federal Reserve announced it will end its stimulus program. Amando Tetangco Jr. “The Fed’s announcement of the end of taper was widely expected, and to the extent this confirms the underlying...
  • MetroPac waits for Calax rebid

    MetroPac waits for Calax rebid

    Metro Pacific Investments Corp., a losing bidder in the P35.4-billion Cavite-Laguna Expressway, said Wednesday it is waiting for the possible rebidding of the controversial project. “We just have to wait for the government’s decision. I know that the President announced that he is inclined to...
  • Calax rebid bad for PH image

    Calax rebid bad for PH image

    Eight business groups, including five foreign chambers, on Tuesday warned that holding another bidding for the controversial P35.4-billion Cavite-Laguna Expressway project will “have a negative impact on” the public-private partnership program. The Makati Business Club, Management Association of...
  • Govt asked to award Calax to SMC or Orion

    Govt asked to award Calax to SMC or...

    The team of Ayala Corp. and Aboitiz Land Inc. on Monday asked Malacañang to immediately resolve the impasse on the P35.4-billion Cavite-Laguna Expressway project by either accepting or dismissing the petition filed by San Miguel Corp. Team Orion, the joint venture between Ayala and Aboitiz, appealed...

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K-water takes over Angat plant

1 hours ago | 0 comment
K-water takes over Angat plantKorea Water Resources Corp. on Friday took over the operation of the 218-megawatt Angat hydroelectric power plant in Bulacan province after paying the government...

DoubleDragon’s bond sale raises P7.4b

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DoubleDragon’s bond sale raises P7.4bDoubleDragon Properties Corp. said Friday it raised P7.4 billion from the issuance of seven-year fixed-rate notes.

Finance, WB sign $300-m policy loan

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Finance, WB sign $300-m policy loanThe Finance Department said Friday it signed a $300-million policy loan with the World Bank to boost fiscal sustainability and governance transparency in the...

BSP readies measures against economic risks

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BSP readies measures against economic risksBangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said the bank will pursue more actions and reforms to prepare the economy against major economic risks...

PLDT delaying BayanTel rehabilitation — Globe

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PLDT delaying BayanTel rehabilitation — GlobeGlobe Telecom Inc.  said Friday rival Philippine Long Distance Telephone Co. is just delaying the corporate rehabilitation of Bayan Telecommunications by...

WESM price cap of P32/kWh stays

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WESM price cap of P32/kWh staysThe tripartite committee of the Wholesale Electricity Spot Market has extended the interim offering price cap of P32 per kilowatt-hour in the spot market to...

Trade monitors inferior steel bars

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Trade monitors inferior steel barsThe Trade Department is tightening its watch over the proliferation of substandard steel bars in anticipation of increased construction activities in 2015.

Calata sees revenue increasing by P200m

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Calata sees revenue increasing by P200mCalata Corp. said it expects revenue to grow at least P200 million a year after signing a joint venture agreement with Topigs Philippines Inc., a unit of Topigs...

Money supply expanded 16% to P7.2t in September due to rising credit — BSP

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Money supply expanded 16% to P7.2t in September due to rising credit — BSPDOMESTIC liquidity, or money supply in the financial system, grew 16.2 percent in September this year to P7.2 trillion from P6.2 trillion year-on-year due largely...

Yen plunges to near 7-year low vs. dollar

2 hours ago | 0 comment
Yen plunges to near 7-year low vs. dollarTOKYO—The yen plunged to a near seven-year low in Asia on Friday after the Bank of Japan said it would expand its already vast asset-purchasing program in a...

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