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Palace: Too soon to rule out power rate fixing

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Sen. Sergio Osmeña III (Inquirer file photo), Energy Secretary Jericho Petilla (AP file photo), Communications Secretary Herminio Coloma (Inquirer file photo)

Malacañang is apparently not buying Sen. Sergio Osmeña III’s pronouncement that there was no collusion among the energy market players to manipulate power rates when the Malampaya natural gas plant shut down for maintenance work for one month last year.

Posted: January 26th, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

Disaster risk insurance forum held

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AP FILE PHOTO

Senators on Tuesday called on the government to strengthen the implementation of disaster risk insurance systems, particularly coverage for the livelihood of poor Filipinos who live in known hazard areas.

Posted: January 22nd, 2014 in Latest Business Stories | Read More »

‘Floating’ VAT for basic goods

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shopping

Saying the government shouldn’t profit from the people’s misery, Sen. Alan Peter Cayetano has called for “floating rates” in the collection of the value added tax (VAT) to control skyrocketing prices whenever the costs of basic commodities go up.

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

Pay Piatco now, Aquino urged

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Sen. Antonio Trillanes IV INQUIRER FILE PHOTO

An ally of President Benigno Aquino III has called on the administration to immediately comply with the Court of Appeals ruling ordering the government to pay the builder of Ninoy Aquino Intenational Airport Terminal 3 (Naia 3) P16.2 billion ($371,426,668) as “just compensation” for the expropriation of the airport terminal.

Posted: August 10th, 2013 in Latest Business Stories | Read More »

‘No reason to fire Ruffy Biazon’

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Customs Commissioner Ruffy Biazon: Blames corruption. INQUIRER.net FILE PHOTO

Malacañang is standing by Customs Commissioner Rozzano “Ruffy” Biazon despite the massive smuggling of petroleum products into the country that industry leaders claim is costing the government at least P30 billion in forgone revenue annually.

Posted: April 4th, 2013 in Headlines | Read More »

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