Proceeds from the sale of National Power Corporation (NPC) assets have already reached P915 billion as of end-March this year but revenue collections only hit P612.41 billion, according to the Department of Energy. Collections of asset-seller Power...
Mindanao is planning to restrict the entry of imported agricultural products, including rice, as one of the strategies to restart the region’s economy during the pandemic. Mindanao Development Authority (MinDA) Chair Emmanuel Piñol (MARK...
The Philippines has the lowest gross external debt position among the major Southeast Asian economies, placing the country in a much stronger position to cushion the blow of the coronavirus-induced crisis, the Department of Finance (DOF) assured. Finance Undersecretary Gil S. Beltran In his latest...
Clark Freeport -- Home of the Brave (Photo courtesy of Quest Hotel) Assuming that the Inter-Agency Task Force poses no objection, a 350-man Philippine Basketball Association entourage — from members of the 12 ball clubs, league officials, technical staff and medical personnel to a TV crew and a...
Bilateral trade between Philippines and Germany substantially dropped in the first half of 2020 mainly due to the impact of the COVID-19 quarantines that disrupted global supply chains. Martin Henkelmann, executive director of the German Philippines Chamber of Commerce and Industry (GPCCI), who...
Gotianun-led FDC Misamis Power Corporation has remitted P9.5 million as financial benefit to the local government unit (LGU) host of its power facility in Misamis Oriental in Mindanao to help in its pandemic response. The turnover of the funds is in compliance with the mandate of the Department of...
Vivant Energy Corporation has deployed of a 3.0-megawatt generating set to Bantayan Island in Cebu, alleviating brownouts in the island. The company said its subsidiary Isla Norte Energy Corporation (INEC), in partnership with Gigawatt Power Inc., had brought in the generators to beef up...
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...
