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  • DOE seeks review of 2 key EPIRA provisions

    DOE seeks review of 2 key EPIRA provisions

    Aug 24, 2016 22:01
    Two key provisions of the Electric Power Industry Reform Act (EPIRA) will be set for review or amendments so the Department of Energy (DOE) could execute legally binding maneuvers to reduce electricity rates. According to DOE Undersecretary-designate and Spokesperson Wimpy Fuentebella, …

  • Pagcor mulls new online gambling permits, targets foreign punters

    Pagcor mulls new online gambling permits, targets foreign punters

    Aug 24, 2016 22:01
    By Enrico Dela Cruz   The Philippine government will issue online gaming licenses soon for operators that target overseas punters, seeking a new revenue source after deciding not to renew permits for services used by poor Filipinos. President Rodrigo Duterte, who has already …

  • WB, LGUGC seal grant for electricity

    WB, LGUGC seal grant for electricity

    Aug 24, 2016 22:01
    The World Bank and LGU Guarantee Corp. (LGUGC) have signed a grant agreement to provide electricity to poor families residing in remote areas of the country. In a statement, the World Bank said that the Access to Sustainable Energy Project grant …

  • TDF auction oversubscribed by P200 B

    TDF auction oversubscribed by P200 B

    Aug 24, 2016 22:01
    The Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) auction of its 28-day tenor had an adjusted yield of 2.525 percent yesterday with tendered amount reaching P151.879 billion. The 7-day term deposits remains at 2.5 percent and oversubscribed by P48.035 …

  • BSP issues new public warning against identity theft

    BSP issues new public warning against identity theft

    Aug 24, 2016 22:01
    The Bangko Sentral ng Pilipinas (BSP) has issued another public warning against rampant identify theft and for Filipinos to mind how they deal in their banking and financial transactions. The BSP strongly warned financial consumers to “always protect their personal identification …

  • Bidding for P50-B prison facility PPP rescheduled

    Bidding for P50-B prison facility PPP rescheduled

    Aug 24, 2016 22:01
    The bidding for the P50.2 billion Regional Prison Facilities, the first Public-Private Partnership  (PPP) project of the Department of Justice (DOJ) and Bureau of Corrections (BuCor), supposed to take place this Thursday, August 25, 2016, has been re-scheduled for November …

  • Gov’t fast-tracks approval of infrastructure projects

    Gov’t fast-tracks approval of infrastructure projects

    Aug 24, 2016 22:01
    Infrastructure projects worth P5 billion ($107.5 million) and less will no longer require the economic planning agency’s go-ahead, the government said, a change that it hopes will quicken the approval process. The Philippines the fastest-growing economy in Asia, is overhauling its …

  • PhilWeb revives text lottery bid after e-games closure

    PhilWeb revives text lottery bid after e-games closure

    Aug 24, 2016 22:01
    PhilWeb Corporation is now asking the Philippine Amusement and Gaming Corporation (Pagcor) to allow it to operate a lottery using “text” or the short messaging service of mobile phones after the regulator rejected several bids to renew the firm’s online …

  • Mining industry does not need new laws, only proper implementation

    Mining industry does not need new laws, only proper implementation

    Aug 24, 2016 22:01
    The government was told that the struggling mining industry does need new laws to prosper in contrast with the previous pronouncements of Environment Chief Gina Lopez that the Philippine Mining Act of 1995 is "grossly unfair" and needs to be …

  • Big oil tankers’ need for retrofit delays use of new Panama Canal

    Big oil tankers’ need for retrofit delays use of new Panama Canal

    Aug 24, 2016 22:00
    Houston – The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to …