A GROUP of lenders have assigned to the Asian Development Bank (ADB) up to $20 million of a loan facility for a 150-megawatt wind farm project in Burgos, Ilocos Norte province.
Nov 062015
BusinessWorld Online: Economy
Nov 062015
A HIGH-LEVEL dialogue is set between government leaders and heads of private businesses during the Asia-Pacific Economic Cooperation (APEC) summit to further look into how they can provide better jobs and services to poor communities in the region.
Nov 052015
THE PHILIPPINE economy likely grew faster in the third quarter this year compared with the first six months, Department of Budget (DBM) and Management Secretary Florencio B. Abad said, with the coming holiday season and the prospect of next year’s elections expected to have driven the gains.
Nov 052015
DAVAO CITY — The planned bridge connecting Samal Island to the Mindanao mainland has been marked as necessary, but construction for the project first proposed in the 1990s is not likely to get under way until 2019, an official of the Department of Public Works and Highways (DPWH) said.
Nov 052015
MEMBERS of the Federation of Philippine Industries (FPI) are asking the government to hold more discussions with the private sector before it makes a commitment on greenhouse gas emissions during the climate summit in Paris next month.
Nov 042015
THE PHILIPPINES can take advantage of its hosting of the Asia-Pacific Economic Cooperation (APEC) meetings to “show off” to the world, especially now that it has stronger fundamentals compared to the last time it staged the summit in 1996, economists said.
Nov 042015
THE ENERGY Regulatory Commission (ERC) said it is going forward with a scheme requiring power distributors to conduct a competitive bidding process among their electricity suppliers.
Nov 042015
The effects of the unfortunate traffic situation on the lives of Filipinos, particularly those living in Metro Manila, is undeniable. Day in and day out, we suffer through what is known as “rush hour” (which now lasts for hours) on our way to work and on our way back home. With the holiday season looming, the traffic jams will inevitably extend even beyond the “normal” rush hours. To this end, many of us turn to modern Internet-based transportation solutions using mobile apps, including Uber and GrabTaxi, both of which allow their users to easily find a ride amidst the chaotic traffic that has become the norm nowadays.
Nov 032015
AFTER TWO YEARS, the Japan International Cooperation Agency (JICA) has finalized the Metro Cebu Roadmap, which aims to provide one million new jobs and 5.8% economic growth by 2050.
Nov 032015
DAVAO CITY — An official of Davao Light and Power Co. (DLPC) said the rotating brownouts in its franchise areas will continue until the tower of the National Grid Corporation of the Philippines (NGCP) that was bombed last Oct. 29 is repaired.