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Voiding power rate hike won’t stop DOJ probe

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AFP FILE PHOTO

Despite the decision of the Energy Regulatory Commission (ERC) to void the electricity price hike in the fourth quarter last year, the Department of Justice on Friday said it would continue its investigation into the alleged price manipulation and anticompetitive behavior of power companies.

Posted: March 16th, 2014 in Latest Business Stories | Read More »

CA stops P408-M award to firm’s workers

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FILE PHOTO

The Court of Appeals on Friday temporarily stopped the awarding of more than P400 million to 130 geothermal power firm employees who, a voluntary arbitrator ruled, were illegally dismissed after their employer transferred them to another company in 2012.

Posted: January 26th, 2014 in Latest Business Stories | Read More »

Patience urged over Naia 1 rehab

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INQUIRER FILE PHOTO

With the rehabilitation of Ninoy Aquino International Airport (Naia) Terminal 1 officially starting this week, authorities at the country’s premier gateway appealed for patience from air travelers.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Meralco accused of jacking up rates

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Protesters wear masks as they hold a rally at the Philippine Supreme Court to coincide with the oral arguments on the power rates hike petition of Meralco, the country's largest electric power distributor, Tuesday, Jan. 21, 2014 in Manila.  AP FILE PHOTO

Manila Electric Co. (Meralco) engaged in anticompetition and price manipulation when it instructed a power-generating firm to sell power at a high price because this would jack up the price on the electric spot market as transactions there moved by the hour, Senior Associate Justice Antonio Carpio said on Tuesday.

Posted: January 22nd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

SC includes power market regulator, independent power producers in suit

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The Supreme Court building in Manila. INQUIRER FILE PHOTO

The Supreme Court ordered on Thursday the groups that sued the Manila Electric Co. for its controversial rate increase to include the regulator of the country’s electricity market and six independent power producers as respondents in the case.

Posted: January 9th, 2014 in Latest Business Stories | Read More »

Airlines to revise manuals on cell phones, laptops

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A Cebu Pacific plane on the tarmac of the Puerto Princesa international airport. RICK ALBERTO/INQUIRER.net

Commercial airlines are expected to revise their manuals to implement an order by the Civil Aviation Authority of the Philippines (Caap) removing restrictions on the use of cell phones and laptops on board planes within the country’s territorial jurisdiction.

Posted: January 4th, 2014 in Latest Business Stories | Read More »

Labor group claims victory in PAL row

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FILE PHOTO

The landmark settlement of the labor dispute between Philippine Airlines and its union in November bodes well for the campaign against contractualization and outsourcing, a labor group said on Thursday.

Posted: January 3rd, 2014 in Latest Business Stories | Read More »

PAL, union forge accord

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FILE PHOTO

The Philippine Airlines (PAL) management and union have forged an agreement to end a three-year-old industrial action that followed a strike launched by the workers in protest against a controversial outsourcing scheme that resulted in more than 2,500 job cuts.

Posted: November 14th, 2013 in Latest Business Stories | Read More »

CA dismisses Shell’s libel complaint vs Customs collector over firm’s taxes

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SHELL BULLISH  Royal Dutch Shell, through its upstream unit Shell Philippines Exploration BV, is poised to invest another $1 billion to increase the production of the Malampaya deepwater gas-to-power project off Palawan. Shell Philippines vice president for communication Roberto S. Kanapi said there are opportunities for investment and expansion, unlike in the past when the Philippines was placed on low priority.

The Court of Appeals has dismissed the petition filed by the Pilipinas Shell Petroleum Corp. that sought to prosecute for libel a Bureau of Customs port collector who said the oil firm owed the government P7.34 billion in back taxes.

Posted: October 20th, 2013 in Latest Business Stories | Read More »

DOJ orders criminal raps vs bank exec

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Justice Secretery Leila de Lima. INQUIRER FILE PHOTO

The Department of Justice (DOJ) has ordered the filing of criminal charges against an official of the Standard Chartered Bank Philippines for allegedly making false assertions before the court by deliberately withholding information that the bank had gotten collateral for its loan to a local firm.

Posted: October 5th, 2013 in Latest Business Stories | Read More »

CAAP enforces ban on ‘food, fish runs’ at Naia

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Infrastructure bottlenecks continue to choke the aviation sector as more foreign carriers, unable to find slots in most major airports in the Philippines, are deterred from mounting flights to the country.  AFP PHOTO

Fresh fish, fruits and other delicacies from the provinces might take a little longer to reach Metro Manila’s dining tables after the Civil Aviation Authority of the Philippines began enforcing on Wednesday an absolute ban on “food and fish runs” at the Ninoy Aquino International Airport.

Posted: August 1st, 2013 in Latest Business Stories | Read More »

Law firm questions DOJ flip-flopping in bank case

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Justice Secretery Leila de Lima. INQUIRER FILE PHOTO

A law firm has questioned a series of conflicting orders issued by the Department of Justice (DOJ) on a multimillion-peso criminal case involving Standard Chartered Bank (SCB) officials.

Posted: July 20th, 2013 in Latest Business Stories | Read More »

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