By Amy R. Remo
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) will offer to investors anew the decommissioned 850-megawatt Sucat thermal power plant, following allegations that the highest bidder in the previous auction had submitted “fake” documents to the agency.
By the staff
This state-run corporation has drawn a lot of flak for what many peers in the energy industry believe to be the undue haste in surrendering the list of payables to the state-owned National Power Corp. (Napocor) and its successor firm Power Sector Assets and Liabilities Management Corp. (PSALM) to a would-be claimant.
By the staff
A new scheme to flood the local market with imported corn—without paying the correct customs tariffs, that is—is seen threatening local farmers.
By Paolo G. Montecillo
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 […]
By Riza T. Olchondra
The National Power Corp. (Napocor) is holding off the collection of its universal charge for missionary electrification (UCME), which subsidizes power generation activities in off-grid, remote areas of the country.