DAVAO CITY — Rotational brownouts of up to five hours, with two periods within 24 hours, will be implemented within Davao Light and Power Co.’s (DLPC) franchise area as one unit of the new coal plant of Therma South, Inc. (TSI) will be under repair for 14 days.
One of the most difficult aspects in closing a deal — whether the deal is an acquisition, divestment, or merger — is the valuation of the target asset. A key point in a deal is to agree to the amount to be exchanged for the asset between a willing buyer and seller in an arm’s length transaction. The difference between the buyer’s value expectations and the seller’s value expectations is called the valuation gap, which, as reported in the recent EY Global Capital Confidence Barometer, is expected by most executives to widen in the current business environment. The report indicates, however, that the gap is only 10% to 25% and is expected to remain stable in the future. The same holds true for expectations on asset prices. The factors indicate that conditions are more conducive for deal making, which is consistent with the expectation of almost half of the surveyed executives that more deals will be closed in the foreseeable future.
INVESTMENTS in the Autonomous Region of Muslim Mindanao (ARMM) are projected to reach at least P1.9 billion this year, with the agriculture and energy sectors serving as core industries to sustain growth, the regional government said.
THIS YEAR’S volume of global trade is expected to rise by 2.8%, unchanged from the previous year’s, before expanding by 3.6% in 2017, economists at the World Trade Organization (WTO) said yesterday.
THE GOVERNMENT has created a roadmap aimed at increasing dairy production output by 2020 by means of enhancing the processing efficiency of these products.
HONGKONG and Shanghai Banking Corp. (HSBC) has raised its growth forecast for the Philippines this year to a level slightly higher than 2015’s as prospects remain stellar, highlighted by an estimated above-7% rise in the first quarter.
DAVAO CITY — The 200-hectare (ha) reclamation and port project here, as proposed by Mega Harbour Port Development, Inc. to the city government, will undergo another Swiss challenge as the matter is elevated to the agencies of the national government.
DAVAO CITY — The shortfall on the Mindanao power grid has again widened after one of the two 150-megawatt (MW) coal-fired plants of Therma South Inc. (TSI) was shut down following a tripping of the transmission line in Toril, Davao City on Wednesday afternoon.
THE AGRICULTURE department is maintaining its overall output growth targets for 2016 despite extensive damage from El Niño, saying that livestock, poultry and other crops will help offset losses to grain production caused by the severe dry spell.
THE PHILIPPINE economy likely grew by 5.9% during the first quarter, an economist from ING Bank N.V. Manila said, with election spending likely to sustain robust expansion throughout the first half of 2016.