TACLOBAN CITY — The Bureau of Fisheries and Aquatic Resources in Eastern Visayas (BFAR-8) has completed P27.71-million projects under the bottom-up budgeting approach this year.
Nov 052013
Nov 042013
GOVERNMENT debt servicing declined by almost 35% in September due to a drop in principal payments made in the month, data from the Bureau of the Treasury showed.
Nov 042013
THE DEPARTMENT of Transportation and Communications has released a fourth version of the concessionaire agreement for the P17.5-billion Mactan-Cebu International Airport (MCIA) rehabilitation public-private partnership (PPP) project, according to a special bid bulletin on the DoTC Web site yesterday.
Nov 042013
A FEW DAYS ago, many of us herded to the cemeteries to commemorate and pray for our departed loved ones. Being in front of a tombstone makes one think that, indeed, death is an unavoidable event. This makes me recall a cliché, that actually, it is not only death that is unavoidable; but there are actually two inescapable things in this world — first is death, and the other one is taxes. And no less than Benjamin Franklin himself said, in one of his familiar quotes, “In this world, nothing can be said to be certain, except death and taxes.”
Nov 032013
A CHINESE trade delegation is scheduled to visit the Philippines early next year to explore business opportunities, the Trade department chief said last week.
Nov 032013
IN OUR Financial Regulatory Reform series published between April and June this year, we discussed the rapidly-evolving regulatory landscape and the three strategic themes that pose challenges for the financial sector, supervisors and policy-makers. These are:
Nov 032013
STATE borrowings dropped by more than half in September due to a decline in both external and domestic debt, data from the Bureau of the Treasury showed.
Nov 012013
MANILA, Philippines – The Power Sector Assets and Liabilities Management Corp. (PSALM), the agency overseeing the government’s power assets, has moved anew the bidding for the 153-megawatt Naga power plant and the Unified Leyte contracts, officials said. The bidding, which was already moved to last month, has been rescheduled to Nov. 8 for the Naga facility and on Nov. 7 and 8 for Unified Leyte. The decision to move the bidding came after interested parties requested for more time to prepare their offers. PSALM targeted to rebid the Naga facility on Oct. 15, then on Oct. 30, after a failed attempt to sell the plant last July. Three investor groups have expressed interest in bidding for the power asset. PSALM said the second round of bidding attracted SPC Power Corp., Therma Power Visayas Inc., and RD Corp. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 All three groups have completed the initial requirements for the bid, including the submission of a letter of interest, the payment of a non-refundable participation fee of P120,000 and the execution and submission of a confidentiality agreement and undertaking with PSALM. Previously, four groups expressed interest in the Naga Power Plant, which PSALM tried but failed to sell in July. These are DMCI Holdings Inc., the Aboitiz Group, D.M. Wenceslao and SPC Power Corp. Located in Colon, Naga City in Cebu, the facility consists of two thermal power plants and one diesel-fired power plant that use a combination of coal, bunker oil and diesel as Read More …
Nov 012013
I have an eye for budding speakers. It’s also right to say that I have an ear as well for potential speakers trying to enter the lecture circuit. I listen to them speak and check their content. I also watch how they deliver their piece. I study their pedigree and engage them in an “ambush interview” to see how they react or respond under pressure. Then I make an assessment and decide whether I would mentor them or not. Throughout my speaking career, I’ve mentored a handful of them. One has become popular. He’s written books, and now has his own TV and radio program. Another one I challenged to write a book, and pursue speaking and training as a full-time career. This scared the pants out of him, and his wife got so concerned. But I knew that what he knows would be beneficial to many if he’d share it and teach it. I patiently explained to him his strengths and the market opportunities that await his services. It took him a long time to make the bold decision, but he eventually heeded my advice. Now he’s an acknowledged consultant and a budding “guru” in the field of finances. And his wife fully supports him too. A couple of years ago, there was this bright young kid who loves reading books. He would run after me, and during my spare time, I would have coffee with him and he’d ask me questions. I challenged him to read more books Read More …
Oct 312013
EXPORTS of manufactured goods for this year will likely be unchanged from last year, according to a Department of Trade and Industry (DTI) official, conceding that the government’s export growth target of 10% will not be hit given an expected electronics plunge.