Biz Buzz: Trader absconds
By the staffOne would think that, after all the financial malfeasance that has happened these last few years, people would have wisened up to scammers by now.
One would think that, after all the financial malfeasance that has happened these last few years, people would have wisened up to scammers by now.
The $500-million electric tricycle (e-tricycle) project of the government and the Asian Development Bank is gearing for launch with bidding for the supply contract set early this year and with several local governments units (LGUs) expressing interest to host green transport, according to the Department of Energy (DOE).
The government considers the bus rapid transit (BRT) system for Metro Manila to be a cheaper alternative to train lines and capable of meeting the country’s mass transport needs.
It’s the Land Transportation Franchising and Regulatory Board, but it has no police powers. So how can the LTFRB enforce franchise-related laws?
The acronym PPP, more popularly known as public-private partnership, nearly took on an ugly meaning for the Philippines as a foreign consultant tapped to draft the country’s comprehensive PPP policy statement unabashedly came out with a blueprint that was strikingly similar to an existing online resource.
The Asian Development Bank is set to start implementing this year the $500-million electric tricycle project, which will see the rollout of as many as 100,000 units within the next four years.
Manila Electric Co. (Meralco) is looking into the possibility of manufacturing electric vehicles, thus boosting the government’s drive toward “green” transport as part of efforts to curb dependence on oil and cut air pollution.
The Philippines is expected to lead the way toward the widespread use of electric vehicles in the region, as it has begun implementing numerous initiatives geared toward promoting the massive use of these environment-friendly vehicles in the country.

The poor will always be with us, Jesus said some 2,000 years ago. And so will the dupers, it seems…for as long as there are suckers?
The Land Transportation Franchising and Regulatory Board (LTFRB) is reminding taxi operators around the country to subject their cabs to the annual “resealing” of meters, meant to ensure their proper calibration, or risk facing sanctions.
A new road linking North Luzon Expressway (NLEx) to Circumferential Road 5, or C5, will soon be built for the benefit of thousands of Metro Manila motorists, Manila North Tollways Corp. (MNTC) announced this week.

A tiny revolutionary fold-up car designed in Spain’s Basque country as the answer to urban stress and pollution was unveiled Tuesday before hitting European cities in 2013.