A modular hemodialysis facility will soon rise within the National Kidney and Transplant Institute (NKTI) in Quezon City to accommodate patients with kidney illness who need to undergo regular lifesaving treatment amid the surging cases of coronavirus disease (COVID-19). NKTI Hemo-Facility The...
Businessman Manuel V. Pangilinan has opened the MVP Group’s emergency quarantine facility with 240 individual air-conditioned quarantine tents and beds in Antipolo, Rizal for employees with asymptomatic to mild cases of COVID-19. This emergency quarantine facility will help decongest hospitals in...
Schools have a new purpose in this pandemic DLS-CSB Taft campus Dr. Poonam Khetrapal Singh, World Health Organization (WHO) regional director for Southeast Asia, said that to control and suppress the spread of the coronavirus disease “countries must continue to be bold, decisive, and mobilize the...
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) and its member group Philippine Maize Federation Inc. (PMFI) asked the Philippine Ports Authority (PPA) to approve the construction of the First Border Inspection Facility or Agricultural Commodity Examination Area (ACEA) in Manila Port....
Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks. The airline's lenders include the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP), along with Asia United Bank Corporation (AUB), Bank of the...
The Power Sector Assets and Liabilities Management Corporation ( PSALM ) has scaled down the reserve price for the 650-megawatt Malaya thermal power facility to P1.845 billion from P2.007 billion for the third round of negotiated sale. This followed after the company failed on its second...
Qualified banks included in the central bank's rediscounting facility only took out P26.90 billion of rediscounting loans as of end-2020, 77.98 percent lower compared to end-2019 of P122.17 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, there were less banks that availed of rediscounting...
The Board of Investments (BOI) has approved on a pioneer status the P2.3-billion state-of-the-art recycling facility for the plastic bottle packaging used by Coca-Cola Beverages Philippines Inc. (CCBPI). BOI Managing Head Ceferino S. Rodolfo said the project called PetValue is a joint venture...
The central bank will no longer limit its rediscounting facility through a budget and instead adopted an “open regime” principle as a monetary policy tool to infuse liquidity to a pandemic-hit market. The Bangko Sentral ng Pilipinas (BSP) used to have a specific budget for its Peso Rediscount...
To prop the country’s need for more flexible power capacity, the energy investment arm of San Miguel Corporation (SMC) will be building 2,550 megawatts of power facilities that will be utilizing imported liquefied natural gas (LNG) and...
American firm Excelerate Energy is racing ahead in bringing to commercial fruition the country’s first floating storage regasification unit (FSRU) for imported liquefied natural gas (LNG) by the second quarter of 2022. ( Photo credit: https://excelerateenergy.com/) In an announcement to the...
Leading oil industry player Petron Corporation has laid down the inevitable – that it will be compelled to close shop on its 180,000 barrels per stream day Limay refining facility in Bataan, if no legislative remedies or measures will be passed to level the playing field of taxation in the...
