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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 »

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 »

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 »

Worst case: 3 months of outages in 2015

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DOE Secretary Jericho Petilla. AP FILE PHOTO

Luzon may face up to 13 weeks of power outages in the summer of 2015, according to estimates of the Department of Energy (DOE).   In a report on various power supply and demand scenarios for the anticipated power crisis, DOE said there may be five to 13 weeks between March and June 2015 when […]

Posted: October 14th, 2014 in Editor's Pick,Headlines | Read More »

Biz Buzz: Top 200

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From an original “top 40” list of loyal (and, needless to say, moneyed) property buyers who get an exclusive preview whenever Ayala Land Premier (ALP) is bringing a new property project into the market, this elite list called “Premier Circle” has grown to about 200 high net worth individuals.

Posted: October 10th, 2014 in Columnists,Inquirer Columns | Read More »

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