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Leyte geothermal plant in emergency shutdown

 Economy
May 072015
 

A UNIT of Energy Development Corp.’s (EDC) 112.5-megawatt (MW) Tongonan geothermal power plant in Leyte went on emergency shutdown due to issues related to the age of the facility, but officials assured its impact will be minimal.

 Posted by BusinessWorld Online: Economy at 3:58 pm  No Responses »  Tagged with: EDC, Energy Development Corp

San Carlos Solar signs P500-million loan deal with BPI

 Economy
May 072015
 

SAN CARLOS Solar Energy, Inc. (Sacasol) has obtained an additional P500 million worth of funding from a local lender to finance more projects, its parent firm announced in a statement.

 Posted by BusinessWorld Online: Economy at 3:57 pm  No Responses »  Tagged with: BPI

STEAG plant shutdown puts Mindanao at risk for blackouts

 Economy
May 062015
 

DAVAO CITY — The Mindanao power grid’s delicately-balanced supply and demand situation faced a severe test this week with the emergency shutdown of a 105-megawatt (MW) power plant unit operated by Steag State Power, Inc.

 Posted by BusinessWorld Online: Economy at 4:19 pm  No Responses »  Tagged with: Steag State Power

North-South Rail wins clearance from Environment department

 Economy
May 062015
 

THE GOVERNMENT’S biggest railway project to date, due to enter commercial operations in 2020, was issued an environmental compliance certificate (ECC) last month by the Department of Environment and Natural resources.

 Posted by BusinessWorld Online: Economy at 4:18 pm  No Responses »  Tagged with: ECC

VAT treatment of PEZA ‘drop-off’ exports

 Economy
May 062015
 

On July 5, 2002, the Philippine Economic Zone Authority (PEZA) issued Memorandum Circular (MC) No. 2002-015 providing for the treatment of “Drop-Off” exports of economic zone export-producer enterprises with respect to taxes and duties to be paid to the Bureau of Customs (BoC).

 Posted by BusinessWorld Online: Economy at 4:11 pm  No Responses »  Tagged with: PEZA, VAT

Businesses expect windfall from APEC events in W. Visayas

 Economy
May 052015
 

ILOILO CITY — Hotels, food services, transport groups and small and medium enterprises (SMEs) in tourism-related businesses are expecting higher-than-usual revenues from the Western Visayas region’s hosting of meetings for the Asia-Pacific Economic Cooperation (APEC) Summit this year.

 Posted by BusinessWorld Online: Economy at 4:50 pm  No Responses »

Filing deadline delayed for PPP prison bidders

 Economy
May 052015
 

THE PREQUALIFICATION filing deadline for the prison project to be built in Nueva Ecija, originally scheduled for today, was moved to May 29 to give prospective bidders more time, the Department of Justice (DoJ) said.

 Posted by BusinessWorld Online: Economy at 4:49 pm  No Responses »

PHL ranking holds steady at 105th in Save the Children’s ‘Mothers’ report

 Economy
May 052015
 

THE PHILIPPINES has maintained its rank of 105th in an annual review of global conditions for mothers, according to a study by an international nongovernmental organization.

 Posted by BusinessWorld Online: Economy at 4:48 pm  No Responses »

BBL focus could mean economic bills set aside

 Economy
May 042015
 

CONGRESS has identified at least nine economic reform measures as their priorities for the next two months, but these could be set aside once the Bangsamoro Basic Law (BBL) reaches the plenary stage and commands much of the attention of both houses, a senior legislator said.

 Posted by BusinessWorld Online: Economy at 4:38 pm  No Responses »

BIR: No relief for late tax filers

 Economy
May 042015
 

THE BUREAU of Internal Revenue (BIR) will fine taxpayers who failed to file their returns electronically by deadline, Commissioner Kim S. Jacinto-Henares yesterday said.

 Posted by BusinessWorld Online: Economy at 4:37 pm  No Responses »
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