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VAT exemption on payments to genset providers pushed

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A legislator has proposed the exemption from value-added tax (VAT) the government payment to any company that provides power using generator sets (gensets) to ease the effects of the looming energy shortage next summer.

Posted: October 29th, 2014 in Headlines | Read More »

Energy execs insist on option to rent backup power

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Unable to rely solely on a program meant to ease load demand from Luzon’s power grid, the Department of Energy (DOE) wants to keep open the option of renting generation plants to cope with the anticipated power crisis in the summer of 2015.

Posted: October 22nd, 2014 in Headlines | Read More »

Oil prices extend gains in Asia

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Oil prices rose in Asia Monday, lifted by a surge in equities following last week’s sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Foreign firms invest in $185-M geothermal project in Mindoro

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Foreign financing companies are investing in the $185-million geothermal facility of local renewable energy firm Emerging Power Inc. (EPI) in Oriental Mindoro.

Posted: October 20th, 2014 in Headlines | Read More »

Malaya rehab completion may miss deadline

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The overhaul of the aging Malaya coal-fired power plant may overshoot the timeline set during the contract bidding, Power Sector Assets and Liabilities Management (PSALM) Corp. said.

Posted: October 15th, 2014 in Headlines | Read More »

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News

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  • UNA wants Mercado testimony stricken off record
  • Binay allies ‘gatecrash’ Senate probe
  • Audio recording of Binay interview‎ on Batangas property bared
  • Binay daughter’s Instagram post: ‘Our place in Batangas’
  • Sports

  • Cagayan rises from 1st set woe, routes Meralco in four sets
  • Chot Reyes disputes report of Gilas disbandment
  • IEM lashes out on Systema on finals V-League preview
  • Babolat signs Filipino tennis prodigy
  • Gilas Pilipinas dissolved; Chot Reyes relieved of duties
  • Lifestyle

  • Apple CEO Tim Cook declares he’s gay
  • Boy or girl? Family with 12 sons awaits baby 13
  • Stylish Halloween best at Buddha-Bar Manila’s Halloween Fright Night
  • The watch makes its debut in the Morellato DROPS range
  • Experience easy-palit for baby with Huggies dry pants
  • Entertainment

  • Mr. Big wants to be with you on Halloween
  • Fil-Aussie ‘X Factor’ champ revisits road to victory, sets goals
  • FDCP horror film fest seen as a tribute to local folklore
  • MiG notes growing PH theater audience
  • Suge Knight, Katt Williams charged with robbery
  • Business

  • WhatsApp founders own nearly $9B in Facebook stock
  • US stocks dip as Fed ends stimulus program
  • BOC seizes P8M worth of smuggled motorcycles, chemicals, plumbing supplies
  • Wells Fargo offers customers free credit scores
  • ‘Tasty,’ pan de sal prices to go down
  • Technology

  • 9 common scams on social media
  • DOJ to telcos: Help us block child porn sites
  • Nestle Japan hiring 1,000 robots to sell espresso machines
  • Parallel Planets on print
  • Keep happy customers
  • Opinion

  • Editorial cartoon, October 30, 2014
  • A heritage of dust
  • What will they debate?
  • ‘Il viaggio continua’
  • Should Calax be rebid?
  • Global Nation

  • After 6 years, SC set to rule on Jpepa legality
  • Korean arrested after selling marijuana to PDEA agent
  • DFA chief Del Rosario admits VFA not perfect
  • PH urges citizens to leave Ebola-hit Africa
  • US donates $300,000 to rebuild Eastern Samar church
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