The Asian Development Bank (ADB) and the Japanese government will extend $2 million in technical assistance to the Philippines to develop the country’s appraisal of public-private partnership (PPP) projects.
May 162014
May 162014
Employers have reiterated the need to update the country’s Labor Code with a resolution approved at the close of its annual conference on Friday.
May 162014
The National Grid Corporation of the Philippines plans to develop a P2.39-billion transmission project to accommodate a new 600-megawatt (MW) coal-fired power plant in Davao del Sur.
May 162014
MANILA, Philippines – An improvement in win rate significantly boosted the first quarter earnings of Travellers International Hotel Group Inc., the owner and operator of the Resorts World Manila casino complex. In a statement, Travellers Group said it breached the P1-billion income mark in the first quarter at P1.7 billion, up 72 percent from P995.4 million a year ago. “Gaming revenues contributed P7.2 billion of gross revenues, with hotel, food and beverage, and other revenues at P791.1 million,” Travellers Group said. Gross gaming revenue rose 24.3 percent from the fourth quarter of 2013, “a result of the win rate improving in the first quarter compared to the last two quarters of 2013,” Travellers Group said. Win rate, one of the top operating metrics in casino operations, determines gaming revenues. Drops volume, the amount of chips bought, grew for all segments in the first quarter, save for the VIP sector due to timing differences in overseas promotional events, the company explained. Business ( Article MRec ), pagematch: 1, sectionmatch: 1
May 152014
SENIOR officials of the Department of Transportation and Communication (DoTC) said that the government is open to a proposed $10-billion alternative airport to service Metro Manila and that more detailed plans have to be submitted.
May 152014
THE PHILIPPINE Electricity Market Corp. (PEMC) is seeking regulatory approval to allow buyers in the Interim Mindanao Electricity Market (IMEM) increased participation in the trade of electricity.
May 152014
BACOLOD CITY — President Benigno S.C. Aquino III yesterday led the inauguration of the first and largest commercial-scale solar plant in the Philippines.
May 142014
THE PHILIPPINE Ports Authority (PPA) has approved implementation of the third phase of a Batangas port project and its associated land acquisition scheme.
May 142014
ACCOUNTANTS — this time those in Taguig, Pasay, Parañaque, Las Piñas, and Muntinlupa — were again the subject of a Finance department campaign against tax evasion as it examined the compliance of practitioners based on their income tax returns.
May 142014
LAST Sunday, we celebrated Mother’s Day to honor that special person who is instrumental to our existence. Mothers have an extraordinary role to play in the scheme of creation. Not only do they serve as compasses directing our moral values, but more significantly, they are the cradle to the seed of life.