First Philippine Holdings Corporation (FPHC), a member of the Lopez Group, is kicking off the operation of seven power plants worth P29.3 billion this year through Energy Development Corporation (EDC). During the firm’s annual stockholders’ meeting, FPHC President Francis Giles B. Puno said...
BACOLOD CITY – The Energy Regulatory Commission (ERC) has approved the power supply agreement (PSA) between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) in a bid to stop increasing electricity rates affecting the province of Negros Occidental. In a...
President Marcos has reappointed Claire Dennis S. Mapa as the national statistician and civil registrar general of the Philippine Statistics Authority (PSA). On Saturday, June 1, National Economic and Development Authority Secretary Arsenio M. Balisacan administered the oath of office to Mapa,...
In light of the country's expected slower growth this year, the economic managers have adjusted downward the projected tax collections for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC). Budget Secretary Amenah F. Pangandaman confirmed to Manila Bulletin on Saturday, June 1,...
The PSEi bounced from its major support level of 6,400 after bargain hunters started picking up battered stocks. The main index rose by 61.35 points to 0.96 percent to close at 6,433.10 as the Services counter surged although Banks and Conglomerates continued to fall. Volume jumped to 1.22 billion...
The Marcos administration is looking to ramp up the sale of government assets this year, data from the Development Budget Coordination Committee (DBCC) revealed. Based on the DBCC's quarter fiscal program approved last May 23, the national government expects to generate P42.12 billion in proceeds...
The PSEi continues its downward trend, this time falling below the 6400 level after higher US Treasury yields pulled down the Peso. The main index shed 39.66 points or 0.62 percent to close at 6,371.75 as the Property sector led the retreat while Conglomerates managed to advance. Volume rose to 666...
Construction growth and investment spending are expected to reverse in the coming months amid more investments from the private sector, National Economic and Development Authority Secretary Arsenio M. Balisacan said. Speaking at a panel during the Philippine Economic Briefing last Monday, Balisacan...
BACOLOD CITY – Mayor Albee Benitez has urged the Energy Regulatory Commission (ERC) to act on the power supply agreement between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) to address the strong clamor of consumers in this city regarding the high power...
The PSEi (Philippine Stock Exchange index) continued to fall as investor sentiment was further weighed down by concern that high interest rates will prevent the local economy from hitting growth targets. The main index plunged 89.93 points or 1.38 percent to close at 6,411.41 led by the losses of...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the government should avoid giving subsidies to oil and power sectors as it would only benefit the rich. Balisacan told reporters on the sidelines of the Philippine Economic Briefing that subsidies should be aimed...
The local stock market fell as investors believe the Bangko Sentral ng Pilipinas will still not slash interest rates in the third quarter. The main index dropped 70.26 points or 1.07 percent to close at 6,591.34 as the interest rate sensitive Property sector led the retreat while Banks and Miners...
