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Meralco seals supply deals to meet rise in demand

Manila Electric Co., the country’s biggest distribution utility, has signed electricity supply agreements with three power-generation companies to enable it to meet an expected surge in power demand this summer.

Posted: April 3rd, 2014 in Headlines | Read More »

NGCP, AP seek new contract

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FILE PHOTO

National Grid Corp. of the Philippines (NGCP) and SN Aboitiz Power-Benguet Inc. (SNAP-Benguet) have asked regulators to approve their proposed Ancillary Services Procurement Agreement (ASPA).

Posted: March 7th, 2014 in Latest Business Stories | Read More »

PAL in code-share talks with Japanese airline

Flag carrier Philippine Airlines (PAL) is negotiating with Japan’s All Nippon Airways Co. Ltd. for a code-share arrangement, as talks for the latter to invest in PAL had been shelved for now, its top official said.

Posted: January 24th, 2014 in Headlines | Read More »

NGCP-Aboitiz deals bring cheaper standby power

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The National Grid Corp. of the Philippines (NGCP) may soon be able to offer cheaper ancillary service charges, or standby power, to its customers as it seals new agreements with three power firms of the Aboitiz group.

Posted: August 3rd, 2013 in Headlines | Read More »

In drumming up trade, PCCI looks beyond SE Asia

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The Philippine Chamber of Commerce and Industry (PCCI) is hoping to sign more agreements with its counterparts in other countries beyond Southeast Asia to further drum up trade.

Posted: July 26th, 2013 in Latest Business Stories | Read More »

K-Water inches closer to bagging Angat plant deal

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Korea Water Resources Corp. (K-Water), the leading water resources and power firm in South Korea, on Thursday signified its agreement to the water protocol governing the operations of the 246-megawatt Angat hydropower plant in Bulacan.

Posted: April 19th, 2013 in Headlines | Read More »

Trans-Asia inks deals with 2 Ayala firms

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Phinma-led Trans-Asia Oil and Energy Development Corp. has signed separate agreements with two units of the Ayala group.

Posted: April 19th, 2013 in Headlines | Read More »

Rehab of banana plantations set

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International Finance Corp. (IFC), the private sector funding arm of the World Bank, is working with partners to design new insurance products that aim to protect Filipino farmers against costly typhoon-related losses.  AP/BULLIT MARQUEZ

Japanese firm Sumifru Banana Corp., Land Bank of the Philippines and banana growers in areas hard-hit by Typhoon “Pablo” are set to sign a tripartite agreement to rehabilitate affected banana plantations in Davao Oriental and Compostela Valley.

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

PH to receive largest assistance fund from S. Korea

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The Philippines and South Korea are set to sign an agreement that will cover an P11.21-billion irrigation project during the 45th Asian Development Bank (ADB) Annual Meeting of the board of governors in Manila.

Posted: April 27th, 2012 in Headlines | Read More »

Alcantara firm inks deals with 2 electric co-ops

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Sarangani Energy Corp., a subsidiary of the Alcantara Group’s Alsons Consolidated Resources, has forged agreements with two electric cooperatives in Mindanao to help ensure adequate and stable electricity supply in Agusan del Sur and Davao del Norte.

Posted: March 7th, 2012 in Headlines | Read More »

ERC to speed up approval of power supply deals

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The Energy Regulatory Commission (ERC), in a bid to avert power outages in Mindanao, has committed to fast-track the approval of electricity supply agreements and contracts as these are critical to increasing the volume of electricity that can be made available for distribution on the island.

Posted: January 23rd, 2012 in Headlines | Read More »

Visayas stands to gain from Philippine trade deals

Philippine trade agreements are expected to push the export sales of Western Visayas to $27.9 million by the end of 2011, according to the Department of Trade and Industry.

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

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