A Chinese firm has already dropped out of the Malaya thermal power facility negotiated sale, but four others are still in the running, giving hopes to state-run Power Sector Assets and Liabilities Management Corporation (PSALM) that its long-wished for privatization of the 650-megawatt facility...
The Australian Government will invest P630 million over the next six years to support disaster and climate resilience efforts in the Philippines. This is part of its newly signed agreement with the United Nations Development Programme (UNDP), which involves the initiative that will strengthen the...
Only representatives from three government agencies – Department of Finance (DOF), Department of Budget and Management (DBM), and Department of Justice (DOJ) – will have the final say on how the Coconut Farmers and Industry Trust Fund (CFITF) will be managed and use. Based on the Republic Act...
Diversified conglomerate San Miguel Corporation (SMC) is inclined to resolve at the negotiating table the P23.94 billion billing dispute of its subsidiary South Premiere Power Corporation (SPPC) with state-run Power Sector Assets and Liabilities Management Corporation (PSALM) for the 1,200-megawatt...
Local businesses are strongly supporting initiatives to reopen further the Philippine economy, which has suffered from long lockdowns and quarantines due to COVID-19. “We, the undersigned, express our strong support for the initiatives of the Duterte administration to open the Philippine economy...
Manny Pacquiao (Top Rank Photo) Paradigm Sports Management, the organization handling Manny Pacquiao, warned the public Sunday to be mindful of "false rumors" linked to the Filipino boxing icon's fight plans. In a company statement posted by CEO Audie Attar on Twitter, Paradigm has raised concerns...
Jason Tengco (center) poses with US President Joe Biden and First Lady Dr. Jill Biden (Contibuted photo) The Biden-Harris Administration announced on Jan. 25 the appointment of Filipino-American Jason Benjamin Alinea Tengco as White House Liaison for the U.S. Office of Personnel Management. Tengco...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
AURELIO “Gigi” R. MONTINOLA III, Chair of Far Eastern University (FEU), is the President of the Management Association of the Philippines (MAP) for 2021. Mr. Montinola is the 72nd President of the MAP since its inception in 1950. AURELIO...
Elite Model Look is once again on the lookout for the world's next supermodel . And one of the luckiest models currently vying for a chance in winning a global management contract with Elite is Filipina-Chinese looker Reins Mika. The global competition that has produced world-renown models like...
Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government....
As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple. Despite this, the country is still poised to retain its status as the world’s top rice importer. In its latest report on...
