Finance Secretary Benjamin Diokno met with Australian Ambassador to the Philippines HK Yu and Australia’s Special Envoy for Southeast Asia Nicholas Moore to explore deepening Philippine-Australian cooperation on areas such as privatization of airports, development of the mining industry, and...
The proposed Public-Private Partnership (PPP) Act was approved on third and final reading on Monday, Dec. 12, by the House of Representatives. (Photo from DPWH) The measure, embodied in House Bill (HB) No. 6527, gained the chamber’s final approval with 254-3 votes from the House members. This was...
Less than two weeks after the creation of a technical working group (TWG) to thresh out the proposed amendments to the Right-of-Way (ROW) Act, a House panel on Tuesday, Nov. 29, approved the substitute bill that would improve the process of acquiring lands for ROW sites. Surigao del Sur Rep. Romeo...
The government, via the collaborative efforts between the Department of Energy (DOE) and Congress, will be exploring public-private partnership (PPP) or build-operate-transfer (BOT) arrangement for the deployment of nuclear power technologies in the country, be it for the installation of small...
President Marcos has approved the review of the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, the National Economic and Development Authority (NEDA) said. At the Economic Journalists Association of the Philippines (EJAP) forum on Wednesday, Aug. 17, Socioeconomic...
The Department of Finance (DOF) wants to amend the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law to lure private investments to Public-Private Partnerships (PPP). In a statement on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said the DOF is planning to...
Publicly-listed firm SPC Power Corporation and its affiliate-firm Intrepid Holdings Inc. (IHI) have acquired the 51 percent shareholdings of German firm STEAG GmbH in the 210-megawatt coal-fired power plant in Mindanao in a transaction valued at $52 million. In a disclosure to the Philippine Stock...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has trimmed its outstanding financial obligations to P355.2 billion as of end-December last year, lower by roughly P26 billion from P381.72 billion in the prior year. Of the firm’s remaining liabilities, P264.3 billion...
Power Sector Assets and Liabilities Management Corporation (PSALM) paid P517.707 million tax obligations in a compromise deal with the Bureau of Internal Revenue (BIR) ,ending their decades-long tax disputes. The government-run power firm said the tax remittance covered the years from 2006 to 2016,...
The Duterte administration will amend the the implementing rules and regulations (IRR) of the build-operate-transfer (BOT) law to remove the “onerous,” “excessive,” and “undue” terms, the National Economic and Development Authority (NEDA) said. In a statement, the NEDA said on Tuesday,...
Korean firm tapped as O&M contractor for Casecnan hydro plant By Myrna M. Velasco South Korean firm Soosan ENS will be engaged as the operation and maintenance (O&M) contractor for the 165-megawatt Casecnan hydropower plant in Nueva Ecija, according to state-run Power Sector Assets and...
PSALM At least seven firms to join the auction of the one-year operation and maintenance service contract (OMSC) for the 165-megawatt Casecnan hydropower facility in Nueva Ecija, the state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said. PSALM listed as prospective...
