DAVAO — The supply of power in Mindanao continues to be low due to the El Niño-spawned dry spell and the still unresolved right-of-way issues that isolate some hydropower sources.
Jan 152016
BusinessWorld Online: Economy
Jan 152016
THE CONSORTIUM OF San Miguel Corp. (SMC) and Korea Water Resources Corp. (K Water) formally inked the concession agreement for the P24.4-billion Bulacan Bulk Water Supply Project with the Metropolitan Waterworks and Sewerage System (MWSS) on Friday.
Jan 152016
THE BOARD of Investments (BoI) has opened the Comprehensive Automotive Resurgence Strategy (CARS) program to existing and new car assemblers that intend to register their car model for one of three slots under the scheme.
Jan 142016
THE DEPARTMENT of Trade and Industry (DTI) expects to announce by mid-year the three car companies that qualified for the incentives offered by the government’s Comprehensive Automotive Resurgence Strategy (CARS) program.
Jan 142016
THE PHILIPPINES remained the seventh most attractive country in the world for offshored jobs, as companies discover competitive labor supply in tier-3 cities, according to a report by consultancy A.T. Kearney.
Jan 142016
PRESIDENT Benigno S. C. Aquino III has signed a measure strengthening the legal staff of the National Labor Relations Commission (NLRC).
Jan 132016
THE HEAD of the Asian Development Bank (ADB) on Wednesday said its Board will soon green-light an additional $400 million for the Philippines’ conditional cash transfer (CCT) program.
Jan 132016
FIFTEEN YEARS ON, the deregulation of the power sector appears to have failed in its promise to bring down the cost of electricity in the country, speakers at a two-day energy conference said.
Jan 132016
It’s business permit renewal period once again. While some may assume that this annual process is a clear-cut routine devoid of uncertainties, still some Philippine Economic Zone Authority (PEZA)-registered firms could be uncertain whether they are required by law to secure a mayor’s permit from the local government unit (LGU) or to pay local business taxes (LBT).
Jan 122016
INDUSTRIAL PRODUCTION in November grew at its fastest pace in eight months, fueled by strong domestic demand, the government reported yesterday.