As the prices of palay sank to as low as P12 per kilogram (/kg) in some areas, Senator Risa Hontiveros agreed there is a need to amend the Rice Tariffication Law (RTL) and promised to convince the law's author and fellow senator, Cynthia Villar, about it....
It will be an abrupt change at petroleum pumps this coming week, as prices of gasoline products are anticipated to go up by P0.60 to P0.70 per liter, based on the initial calculations by industry players. MB file photo. (Mark Balmores) For diesel,...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is scheduling the sale of five more real estate assets via an auction on September 30 this year. The properties due for divestments are located in...
Still receiving backlash for its decision to fill world-known Manila Bay with tons of white sand made from dolomite rock, the Department of Environment and Natural Resources (DENR) is still determined to participate in this year’s International Coastal Cleanup (ICC), a global campaign to protect...
An animal disease laboratory in Tarlac City funded by the United States government is now operational, and should help the Philippine government provide an accurate diagnosis of major animal diseases, prevent its spread, and ultimately protect the livestock and poultry industries in Central...
The Procurement Service of the Department of Budget and Management (PS-DBM) denied the government lost P1 billion from the purchase of personal protective equipment (PPEs) from a number of foreign suppliers. In a statement, PS-DBM said yesterday that the government did not lose a single centavo...
By half P2.188 billion State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has trimmed by half the reserve price of the 650-megawatt Malaya thermal power facility to P2.188 billion, which will be applied in its scheduled privatization next week. In a bidding last...
New wave of power plant outages and the recent gas output restriction at the Malampaya field triggered new round of spikes in prices at the Wholesale Electricity Spot Market (WESM), which will be subsequently passed on as rate hike in the consumers’ electric bills for October. In a virtual...
Aboitiz Power Corporation is now ahead of the race, having cemented itself as the top power generator in the country with total national installed capacity of 4,973.435 megawatts, according to a report by the Department of Energy. The Aboitiz firm eclipsed SMC Global Power Corporation of the San...
Power utility giant Manila Electric Company (Meralco) has widened the options for its stockholders on how they would want their cash dividend payments settled. That as the company has announced that it will implement “enhanced dividend payments process” by having a paying agent so its...
The Department of Energy (DOE) is amplifying its bet on the market introduction of Nissan LEAF as a step that can help build up electric mobility (e-mobility) in the Philippines. Nissan LEAF’s market debut in the Philippines- Nissan Philippines Inc. President Atsushi Najima has presented to...
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While...
