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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 »

Credit upgrade means more social projects, infra, jobs in PH

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INQUIRER FILE PHOTO

The latest sovereign ratings upgrade the Philippines won from Standard & Poor’s (S&P) this week gives the country more than just bragging rights for having earned its highest credit rating ever.   Officials said the improved rating, which they claimed represents the international community’s more favorable view of the Philippine economy, should translate into tangible […]

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

Women power

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In line with a recent Grant Thornton study, which showed that Filipino women are getting more influential in boardroom, Ayala-led Bank of the Philippine Islands has brought onboard two more women to its board of directors. This makes five out of BPI’s 15 board members women—more than the comparative representation in the boardroom of other big banks in the country.

Posted: April 16th, 2014 in Headlines | Read More »

Solon pines for pre-Epira days in power generation

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Screengrab from Napocor website http://www.napocor.gov.ph/

The head the House committee on energy is yearning for the days before the government handed over to the private sector the keys to the power generation industry under the Electric Power Industry Reform Act (Epira) 12 years ago.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

Sunwest earmarks P800M for projects

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Sunwest Water and Electric Co. Inc. (Suweco), led by Bicol-based businessman Elizaldy S. Co, is planning to spend about P800 million to put up four mini hydropower plants and a back-up bunker facility to serve the electricity requirements of Tablas Island in Romblon.

Posted: February 3rd, 2013 in Headlines | Read More »

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