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  • Absence of MWSS board saves users from water rate increase

    Absence of MWSS board saves users from water rate increase

    Oct 01, 2016 22:01
    The impact of current peso depreciation to the consumers' water billing is not yet going to be felt this year since the utilities are still waiting for the appointment of new Metropolitan Waterways and Sewerage System (MWSS) Board which will …

  • Plywood makers oppose easier importation rules of BPS

    Plywood makers oppose easier importation rules of BPS

    Oct 01, 2016 22:01
    Plywood makers have opposed a new government policy that eased rules for plywood importation as this would cause influx of low-quality, formaldehyde-laden plywood which will have adverse effects on human health. The Philippine Wood Producers Association (PWPA) has contested Department Administrative …

  • DOF pushes tax  reform’s inclusion in LEDAC’s agenda

    DOF pushes tax reform’s inclusion in LEDAC’s agenda

    Oct 01, 2016 22:01
    The Department of Finance (DOF) will push for the inclusion of the proposed lowering of personal income and its offsetting consumption taxes in the Legislative-Executive Development Advisory Council’s (LEDAC) agenda. Finance Undersecretary Antonette C. Tionko said the fiscal authorities expect President …

  • DENR chief to help ‘existing mines’ than accept new ones

    DENR chief to help ‘existing mines’ than accept new ones

    Oct 01, 2016 22:01
    The Department of Environment and Natural Resources (DENR) is more than willing to help existing mines "get their act together" than accept new mining projects. That's what Environment Chief Gina Lopez said when asked if she will be ready to approve …

  • PH power rates no longer the second highest in Asia

    PH power rates no longer the second highest in Asia

    Oct 01, 2016 22:01
    The power rates in the Philippines, albeit still high, is no longer the second highest in Asia and this can go lower if the investment in new power generation in the country will increase. International Energy Consultants (IEC) Managing Director John …

  • Duterte urges Vietnam to buy more from PH

    Duterte urges Vietnam to buy more from PH

    Oct 01, 2016 22:01
    President Rodrigo Duterte has suggested Vietnam to import more of Filipino food and value-added agri-based products to help narrow down the trade deficit against the Philippines. Trade and Industry Secretary Ramon M. Lopez, who accompanied the President on his second official …

  • Finally, a serious bamboo development plan (Part II)

    Finally, a serious bamboo development plan (Part II)

    Oct 01, 2016 22:01
    The ubiquitous bamboo has significant potential to create employment and thereby reduce poverty particularly in the countryside. It has many uses: Material for light construction, for handicrafts, for food as bamboo shoots, for paper and pulp and source of biomass …

  • China General Nuclear acquires Belgium’s largest onshore wind farm

    China General Nuclear acquires Belgium’s largest onshore wind farm

    Oct 01, 2016 15:31
    China General Nuclear Power Group (CGN) has signed an agreement in Paris withBelgium's Windvision to take over Esperance wind farm on Thursday. Esperance has a total capacity of 81 megawatts, which is the largest ongoing onshore windfarm in Belgium. This is a new step taken by CGN to expand in the European market after the UK andFrance. CGN started its European subsidiary in France in 2014, mainly focusing on investmentand acquisition of renewable energy such as wind power and solar energy. Currently, CGN owns over 8.7 million kilowatts of overseas new energy holding capacity,mainly distributed in Asia, Europe and Middle East. CGN is one of the enterprises with the largest holding capacity overseas.

  • IMF leader cites ‘historic milestone’ for China

    IMF leader cites ‘historic milestone’ for China

    Oct 01, 2016 14:29
    WASHINGTON — Christine Lagarde, the managing director of the International Monetary Fund, is calling the inclusion of China's renminbi as the fifth currency in an elite group of the world's reserve currencies an "important and historic milestone" for the international …

  • Glass Lewis & Co founder takes stake in struggling SeaWorld

    Glass Lewis & Co founder takes stake in struggling SeaWorld

    Oct 01, 2016 14:08
    A consortium of investors, which includes advisory firm Glass Lewis & Co founder Gregory Taxin, revealed a 5.2 percent stake in SeaWorld Entertainment Inc (SEAS.N) and said it would engage in talks with the embattled theme park operator's management. The stake …