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Biz Buzz: Conflict at the TOP

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Change is coming to the top echelon of the Bureau of the Treasury (BTr) soon. Well, close to the top, to be more accurate.

Posted: March 6th, 2013 in Editor's Pick,Headlines | Read More »

BOC’s P22.8B Feb. take still P1.24B short of target

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customs

The Bureau of Customs (BOC) collected a little over P22.8 billion in revenue in February, around P614 million, or 2.8 percent, more than it collected in the same period last year.

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

Appelate court foils takeover attempt on PNCC

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pncc logo

Philippine National Construction Corp. (PNCC) has fended off an attempt by businessman William Gatchalian to take control of the company after the Court of Appeals ruled that the government was correct to reject the latter’s P1.2-billion bid during PNCC’s failed privatization effort for being way below the floor price.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

PSALM expects financial position to improve

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psalm

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) expects its cash flow to improve over the next four years, after regulators allowed it to collect P53 billion in universal charges for stranded contract costs from all power consumers.

Posted: February 25th, 2013 in Latest Business Stories | Read More »

Biz Buzz: Energy shakeout

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An organizational restructuring at the Department of Energy is apparently leaving some employees “demoralized to the point of wanting to resign.”

Posted: February 25th, 2013 in Editor's Pick,Headlines | Read More »

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