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Power shortage feared amid PSALM cash woes

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psalm

Warning that the precarious power supply situation in the country could turn into an outright crisis if it loses funds due to a garnishment order by a local court, Power Sector Assets and Liabilities Management (PSALM) Corp. has warned partners against releasing the state firm’s receivables and bank deposits to any third party.

Posted: August 27th, 2014 in Headlines,Latest Business Stories | Read More »

Mindanao businessmen demand more power plants

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FILE PHOTO/PILILLAONLINE.COM

The Philippine Chamber of Commerce and Industry (PCCI)-Southwestern Mindanao chapter pushes for additional power plants to resolve the long-standing power crisis in Mindanao.

Posted: August 6th, 2014 in Latest Business Stories | 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 »

Revival of Mindanao as trade gateway eyed

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Mindanao is well poised to become the Philippines’ gateway to the Asean with the opening of a shipping route from the island to the Bitung international port in Indonesia, and the possible resumption of air flights from Davao to Manado.

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

Consumer confidence growing in Q2, says BSP

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Consumers are feeling better about their financial situations in the second quarter owing to the country’s booming economy and the improved peace and order situation in Mindanao.

Posted: June 14th, 2014 in Headlines | Read More »

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