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Biz Buzz: Stubborn banks defy BSP

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In any industry, the word of the government regulator is the law. And when the law is laid down, industry players usually fall over themselves in a rush to comply with the new mandate.

Posted: May 19th, 2014 in Columnists,Inquirer Columns | Read More »

Cost-recovery provisions for affected gencos urged

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AFP FILE PHOTO

Amid proposed additional price controls at the Wholesale Electricity Spot Market (WESM) by state regulators, SMC Global Power Holdings Corp. is pressing for cost-recovery provisions for generation companies (gencos) whose operations will be affected by the scheme.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

Stock market falters after 6-day run-up

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PSE index as of October 09, 2013, 03:46:00 PM

The local stock market ended a six-day run-up on Wednesday as investors weighed the risks of a US debt default as a result of the political stalemate that has held up passage of the US federal budget alongside concerns about weaker global economic prospects cited by the International Monetary Fund.

Posted: October 9th, 2013 in Latest Business Stories,Stocks | Read More »

SMC pares down stake in Meralco, raises P17.4 B

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AFP FILE PHOTO

San Miguel Corp. has raised P17.4 billion from the sale of an initial 5.7 percent stake in the country’s largest power distributor, Manila Electric Co.

Posted: July 19th, 2013 in Latest Business Stories | Read More »

Power projects of SMC units get BOI incentives

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San Miguel Corp. has secured approvals from the Board of Investments for P51 billion worth of coal-fired power projects that are expected to significantly shore up power supply in Luzon and Mindanao in three years’ time.

Posted: June 17th, 2013 in Headlines | Read More »

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