Home 2018 October 10

Daily Archives: October 10, 2018 | 12:06 am

Velarde firm sues NTC over 3rd telco bidding rules

NOW Telecom Company, Inc. is suing the National Telecommunications Commission (NTC) over alleged insertions of new requirements in the terms of reference for the new major telecommunications player.

JV to develop new dam in Rizal

A JOINT venture (JV) company is developing a new dam in Montalban, Rizal that can serve as a medium-term water source for Manila Water Co., Inc., according to officials of state-led Metropolitan Waterworks and Sewerage System (MWSS).

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Newcomers make up half of this year’s Palanca winners

A TELEVISION reporter, a father and daughter, and a former entertainment reporter were among the winners in this year’s Palanca Awards, the annual award that recognizes outstanding Filipino literary writers.

Megaworld allots P35 billion for Pasig township

MEGAWORLD Corp. will be spending P35 billion to develop its township in Pasig City called Arcovia City, launching the first condominium to rise in the property.

Complete list of winners 2018 Palanca Awards

KABATAAN DIVISION • Kabataan Sanaysay: 1st Prize, Jack Lorenz Acebedo Rivera, “Paglaya Mula sa Pagtakas”; 2nd Prize, Jacob Renz R. Ambrocio, “Sino ang Lumansag sa Lunday ni Lola Basyang?”; 3rd Prize, Maria Jamaica S. Columbres, “Gulugod sa Pagsibol ng Binhi
SSS-Social Security System

Bill fortifying SSC, SSS approved at bicam level

THE BILL allowing the Social Security Commission (SSC) to raise pension contributions starting next year hurdled the bicameral conference committee on Tuesday, with Congress fully adopting the Senate’s version.

Ricky Davao, Rina Reyes return to the stage

THIS MONTH, film and TV actors Ricky Davao and Rina Reyes return to the stage in Tanghalang Pilipino’s (TP) Filipino adaptation of Georges Feydeau’s classic farce, A Flea in Her Ear, on Oct. 18-21 at the Cultural Center of the Philippines (CCP).
Hedcor’s hydropower facility

Hedcor hydroelectric plant fully contracted to 11 distribution utilities

DAVAO CITY — Aboitiz Power Corp. (AboitizPower) subsidiary Hedcor, Inc.’s 69.8-megawatt (MW) hydroelectric plant in Manolo Fortich, Bukidnon is now fully contracted to 11 distribution utilities in Mindanao, nine of which are electric cooperatives and two private firms.
BoT treasury

Gov’t makes partial award of T-bonds as rates surge

THE GOVERNMENT accepted P9.74 billion worth of reissued five-year Treasury bonds (T-bond) yesterday amid tepid demand as investors continued to react to the September inflation print.

Mamma Mia! Here it goes again!

HOW DO you keep yourself restrained when there’s a party on stage and iconic ABBA songs are playing? This can be the biggest challenge one encounters when watching the ongoing run of Mamma Mia! at The Theatre at Solaire: controlling your desire to stand up and dance and sing along with the cast.

SEC tells listed firms to comply with data privacy rules

THE country’s corporate regulator has ordered capital markets, listed companies, and other institutions to comply with data privacy laws following reports of security breaches in both local and international firms in the previous months.

Big banks fail to meet required MSME lending

BIG BANKS remained stingy in providing loans to small firms as they continued to miss the mandated credit quotas provided by law, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.

Banksy’s art stunt is economic genius

BASED ON experiments conducted by himself and others around his work, Banksy, the famous street artist, could write an economics dissertation on the monetary value of art. In a way, that unwritten paper could be his crowning achievement.
Department of Energy (DoE)

DoE blames global situation for increase in petroleum prices

THE Department of Energy (DoE) on Tuesday blamed the “current global situation” for the rise in petroleum prices as it reassured the public that the agency and energy firms are taking steps to ease the effects on consumers.

How PSEi member stocks performed — October 9, 2018

Here’s a quick glance at how PSEi stocks fared on Tuesday, October 9, 2018.