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Exports up 12.4% in July, but Neda warns power lack may slow growth

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Socio-economic Planning Secretary Arsenio M. Balisacan. INQUIRER FILE PHOTO

The country’s shipments abroad rose double-digits in July, growing second-fastest in the East and Southeast Asian regions after economic giant China, the Philippine Statistics Authority (PSA) reported Wednesday.

Posted: September 10th, 2014 in Latest Business Stories | Read More »

PSALM warned vs passing on class suit costs

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Bayan Muna party-list Representative Teddy Casiño. INQUIRER FILE PHOTO

An electricity consumer group has warned Power Sector Assets and Liabilities Management Corp. (PSALM) against passing on to consumers its cost for settling a class suit that requires the state firm to cough up over P60.24 billion.

Posted: September 5th, 2014 in Headlines,Latest Business Stories | Read More »

Fund loss threatens PSALM

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With a P60.24-billion settlement hanging over it, the Power Sector Assets and Liabilities Management (PSALM) Corp. may lose its capability to operate and prevent it from contracting backup power in 2015, when the energy crisis is expected to take a turn for the worse. Recently, the sheriff of the Regional Trial Court (RTC) of Quezon […]

Posted: August 25th, 2014 in Headlines | Read More »

P0.31/kWh power rate hike August–Meralco

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INQUIRER.net FILE PHOTO

The cost of electricity will go up by P0.31 per kilowatt hour (kWh) this August, the Manila Electric Company (Meralco) said on Friday.

Posted: August 8th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Mindanao power supply to stabilize in 2019

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Mindanao power consumers will be assured of adequate power supply by 2019, when the grid’s system capacity is expected to hit more than 3,000 megawatts, the Philippine Chamber of Commerce and Industry (PCCI) said Tuesday.

Posted: August 6th, 2014 in Headlines | Read More »

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