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Meralco ready to refund excess charges

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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) yesterday said it would refund any excess amount should an order from the Energy Regulatory Commission (ERC) to recalculate electricity spot market prices cut the generation cost and other pass-on charges that it had collected from its 5.3 million customers.

Posted: March 13th, 2014 in Headlines | Read More »

Syndicates use ‘mules’ to get cash from ATMs

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FILE PHOTO

Syndicates involved in automated teller machine (ATM) fraud have started to deploy “mules” to illegally withdraw cash using ATM cards that have been cloned mostly in shopping malls, according to an officer of the Philippine National Police’s Anti-Cybercrime Group.

Posted: March 1st, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

Hike in BSP capital to P200B pushed

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FILE PHOTO

The country’s central bank should be enjoying a capital four times bigger than the current P50 billion so it can respond better to global challenges, said Senate President Franklin Drilon.

Posted: October 19th, 2013 in Latest Business Stories | Read More »

SMC to begin constructing 7-km expressway linking NAIA terminals to casino

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Presidential spokesman Edwin Lacierda.  DZIQ photo

San Miguel Corp. will begin constructing within June, a 7.15-kilometer expressway project that would link Ninoy Aquino International Airport’s three terminals with a casino complex, hopefully, by 2015, according to Malacañang.

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

Aquino to Fil-Chinese businessmen: Pay correct taxes

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President Benigno Aquino III FILE PHOTO

President Beningo Aquino on Wednesday reminded Filipino-Chinese businessmen to fulfill their obligations such as paying taxes “on time and by the book.”

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

Aquino confident economy will continue or even surpass high growth rate in Q2

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President Benigno Aquino III  Malacañang Photo Bureau(file)

Buoyed by the robust 7.8-percent growth in the first quarter, President Benigno Aquino III on Monday expressed confidence that the economy would grow at the same rate or even faster in the second quarter.

Posted: June 3rd, 2013 in Latest Business Stories | Read More »

PH aviation ready to soar again–Aquino

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President Benigno Aquino III. FILE PHOTO

The Philippines has taken off and recovered from the “fall” of the aviation industry, President Aquino claimed Wednesday, citing the International Civil Aviation Organization’s recent lifting of the “significant safety concerns” tag on the country.

Posted: April 11th, 2013 in Latest Business Stories | Read More »

PH aviation sector gets big boost

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caap

The International Civil Aviation Organization (ICAO), a regulatory body under the United Nations, has officially lifted its significant safety concerns (SSC) grade on the Philippines, paving the way for the eventual return of Philippine carriers to Europe and the resumption of their expansion in the United States.

Posted: March 4th, 2013 in Editor's Pick,Headlines | Read More »

Aquino: There are jobs but no applicants

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President Benigno Aquino III. FILE PHOTO

Hounded by criticism that economic growth has not resulted in jobs, President Aquino said on Tuesday that jobs have always been available, but that job applicants have not been able to provide the skills required for employment.

Posted: February 6th, 2013 in Latest Business Stories | Read More »

Stellar economic growth at 6.6%

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ECONOMIC TEAM  President Aquino (right) predicts an impressive Philippine economic growth of more than 6 percent in a speech during the 40th anniversary of Neda on Tuesday. He is shown with (from left) former Neda Director General Cayetano Paderanga, Neda Deputy Director General Rolando Tungpalan and current Neda chief Arsenio Balisacan. Lyn Rillon

Living up to President Aquino’s advance information that the numbers would impress, the Philippine economy expanded 6.8 percent in the fourth quarter of 2012, lifting full-year growth to 6.6 percent.

Posted: February 1st, 2013 in Editor's Pick,Headlines,Latest Business Stories | Read More »

PH vaults 10 rungs in world economic freedom rankings

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the-heritage-foundation

Malacañang on Monday cheered the surge in the Philippines’ ranking among the world’s freest economies, calling it proof of the country’s “continued improvement” in governance.

Posted: January 15th, 2013 in Latest Business Stories | Read More »

Aquino, Cabinet approve P113-B worth of infrastructure projects

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President Benigno Aquino III. FILE PHOTO

After hours of meeting, President Benigno Aquino III and his Cabinet approved, on Thursday night, 11 infrastructure projects worth more than P100 billion, including a key project connecting the North Luzon Expressway with the Southern Luzon Expressway and the Cavite-Laguna Expressway.

Posted: November 29th, 2012 in Latest Business Stories | Read More »

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