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Aquino: PH economy can lose up to P23.3B in daily, 5-hour brownouts for 3 months

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President Benigno Aquino III. FILE PHOTO

President Benigno Aquino III on Wednesday warned that the economy could lose up to P23.3 billion in case of daily five-hour brownouts for three months next summer.

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

P700M waste-to-energy plant to rise in Tagum City in 2015

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http://www.mpic.com.ph/

A P700-million waste-to-energy facility, which would produce up to two megawatts of power a day, will rise here in 2015.

Posted: October 21st, 2014 in Latest Business Stories | Read More »

Meralco rate to increase by 10 centavos per kWh in October

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AFP FILE PHOTO

Consumers in the Manila Electric Co. (Meralco) franchise area are in for a P0.10 per kilowatt-hour (kWh) increase in overall rates for October. For a typical household consuming 200 kWh, the adjustment is equivalent to an increase of P20.83 in the electricity bill for this month.

Posted: October 8th, 2014 in Latest Business Stories | Read More »

Palace assures Congress: No secret details behind Aquino’s emergency powers

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Palace spokesman Edwin Lacierda. INQUIRER FILE PHOTO

Malacañang has assured lawmakers that Energy Secretary Carlos Jericho Petilla would not keep them in the dark on the details of the special powers requested by President Benigno Aquino III.

Posted: September 17th, 2014 in Latest Business Stories | Read More »

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 »

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