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.
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.
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 [...]
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 [...]
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 [...]
