Napocor activates Calapan-Puerto Galera transmission line after rehab
NATIONAL Power Corp. (Napocor) brought online on Saturday the 69-kilovolt (kV) Calapan-Puerto Galera transmission line in Oriental Mindoro to help improve the reliability of...
Gateway airport decision up to future governments — NEDA
A FUTURE government will end up making the decision to designate a main international gateway airport for Metro Manila, the National Economic and Development...
Cash utilization by government agencies falls to 65% in April
NATIONAL GOVERNMENT agencies’ cash utilization fell to 65% in April, the Department of Budget and Management (DBM) said.
The utilization rate measures funds usage relative...
A financial reporting framework made simple for small and micro entities
By Ma. Emilita L. Villanueva
In 2005, the Philippines adopted the International Financial Reporting Standards (IFRS) -- renamed Philippine Financial Reporting Standards (PFRS) -- in order to make financial...
Sugar output enough to meet local demand, US quota, agency says
The Philippines’ sugar production will be enough to meet local demand and, at the same time, satisfy allotments for the country’s US quota for...
PSALM names winning bidders for power plant fuel supply
THE Power Sector Assets and Liabilities Management Corp. (PSALM) named Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...
TRAIN needed to fund infrastructure, free tuition, salary hikes — Dominguez
MOVES TO suspend the Tax Reform for Acceleration and Inclusion (TRAIN) law amid claims it worsens inflation will compromise other key economic programs introduced...
NEDA sees food logistics as possible counter for inflation
A POLICY RATE hike may not address rising inflation, the National Economic and Development Authority (NEDA) said, with the authorities looking at “more robust”...
PSALM budgets P264M for Malaya plant O&M
STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) has approved a budget of P264 million for the one-year contract to operate and maintain...
Rice import auctions to feature safeguards against collusion
THE National Food Authority Council is planning to conduct an auction for rice imports in cooperation with the Bureau of the Treasury (BTr), a...
BPO demand for office space to remain buoyant for 5-10 years — Colliers
THE BUSINESS process outsourcing (BPO) industry remains positive about expanding in the Philippines despite the removal of tax incentives in the proposed second package...
Danish construction firms keen on landing ‘Build, Build, Build’ deals
DENMARK is hoping its construction firms can win a share of the infrastructure contracts on offer under the government’s “Build, Build, Build” program.
Danish Minister...