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Solon pines for pre-Epira days in power generation

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Screengrab from Napocor website http://www.napocor.gov.ph/

The head the House committee on energy is yearning for the days before the government handed over to the private sector the keys to the power generation industry under the Electric Power Industry Reform Act (Epira) 12 years ago.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

Property developer sees positive vibes to continue for RP real estate

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Jose Mari Banzon, executive vice president and general manager of Federal Land.

Amid scarce land and soaring prices, Federal Land Inc. is primed to make a lot of hay in the ongoing real estate boom with its much-coveted cache property jewels amassed from 40 years of shrewd picking of choice real estate assets in Metro Manila’s financial districts.

Posted: February 8th, 2013 in Headlines | Read More »

Psalm admits Lehman losses

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The Power Sector Assets and Liabilities Management Corp. (PSALM) has finally admitted that it lost $3.5 million in investments when the Lehman Brothers investment bank went belly up three years ago in the biggest bankruptcy case in US history, according to Eastern Samar Representative Benjamin Evardone.

Posted: November 30th, 2011 in Latest Business Stories | Read More »

Want lower fuel prices? Take to Twitter, Facebook

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Congress would be inclined to return the oil industry to a regulatory regime–albeit on a limited basis–as long as the middle class joins militant groups in protesting the predatory pricing of petroleum companies, even if only in social media like Facebook and Twitter. With neophytes comprising more than a third of the 16th Congress, Ako [...]

Posted: August 26th, 2011 in Latest Business Stories | Read More »

Oil firms told: Cut prices by P2, or else…

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Oil companies have until Monday to bring down their prices by P2 per liter or they will face an investigation by the Department of Justice. Energy Secretary Jose Rene Almendras assured members of the House appropriations committee that the government would compel oil companies to reflect the steep drop in world crude oil prices in [...]

Posted: August 11th, 2011 in Latest Business Stories | Read More »

House to cut incentives, hike sin tax

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The House of Representatives will slash fiscal incentives and jack up sin taxes to boost government revenues and ensure stable economic growth. In his opening speech at the second regular session of the 15th Congress, Speaker Feliciano Belmonte Jr. said: “We must drastically improve tax administration and plug leakages in our tax system if we [...]

Posted: July 26th, 2011 in Latest Business Stories | Read More »

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