Cebu-based Top Line Business Development Corp. (Topline) is pursuing robust expansion on its core business in the fuel industry, primarily to meet the growing needs of retail as well as commercial end-users in its main market in the Visayas. According to Topline Chairman Erik Lim, who is also the...
By MYRNA VELASCO The grinding task of ensuring ‘fair and transparent’ trading outcomes in the electricity reserve market has been tossed as a responsibility of the Philippine Electricity Market Corporation (PEMC), which is also the governance body of the Wholesale Electricity Spot...
At least eight companies are eyeing to corner the 600-megawatt capacity that is slated for auction by power utility giant Manila Electric Company (Meralco) to beef up its supply portfolio starting August next year. In a pre-bid conference on Thursday (July 4), the Filipino-owned companies which...
The deferred pass-on of generation charges that was ordered by regulators could reflexively inflate electricity rates to be reflected in the bills this month, hence, the customers of Manila Electric Company (Meralco) are being prompted to brace for highly probable hike in rates that they shall be...
The Marcos administration’s inter-agency committee on inflation said that the importation of refined sugar must arrive in the country before October this year to help bridge the local production gap. At its meeting on Friday, June 28, the Inter-Agency Committee on Inflation and Market Outlook...
This image provided by ONE PARK×ONE TOWN shows an artist rendering of a waterfront stadium and skyscrapers planned to be built at the site of the former Tsukiji fish market in Tokyo. (ONE PARK×ONE TOWN via AP) TOKYO (AP) — The site of Tokyo's famed Tsukiji fish market, left empty after it was...
BACOLOD CITY – Mayor Albee Benitez said that he is open to reconsidering the renovation of the Burgos Public Market here if groups of vendors and consumers can prove that majority of them are in favor of the project. VENDORS of the Burgos Public Market in Bacolod City attend a dialogue with Mayor...
The Philippine Electricity Market Corporation (PEMC), which serves as the governance body of the Wholesale Electricity Spot Market (WESM), has elected its new set of board of directors and officers that will help oversee the operations of the country’s power spot market. The reconstituted board...
BACOLOD CITY – Mayor Albee Benitez has canceled the proposed P525-million renovation of the Burgos Public Market here after majority of vendors opposed the project due to livelihood concerns. BENITEZ (Glazyl Masculino) The city government has decided to use the budget to fund other projects that...
The Energy Regulatory Commission (ERC) has ordered all distribution utilities (DUs) in the Luzon and Visayas grids to delay charging consumers preliminary generation charges. In a statement, ERC said on Tuesday, June 10, that DUs should wait until the release of the final statement (FS) by the...
BACOLOD CITY – Mayor Albee Benitez said that some vendors have opposed the city government’s plan to renovate one of the three major public markets here. MAYOR Alfredo Benitez meets vendors on Saturday, May 25, to discuss the proposed renovation of the Burgos Public Market in Bacolod City....
The Energy Regulatory Commission (ERC) has directed the suspension of the Wholesale Electricity Spot Market (WESM) for the Luzon Region effective Monday afternoon, May 27, due to insufficient generation capacity in the grid. In a statement, ERC said the decision to suspend WESM operations followed...
