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  • OceanaGold at risk of losing Nueva Vizcaya mining permit

    OceanaGold at risk of losing Nueva Vizcaya mining permit

    Jul 30, 2016 22:01
    The Philippine unit of Australian mining firm OceanaGold Corp. found itself on the hot seat as the government responded to the clamor against the firm, saying it will investigate whether it is right or wrong to allow the company to …

  • IC signs circular raising HMO capital to P100 M

    IC signs circular raising HMO capital to P100 M

    Jul 30, 2016 22:01
    The Insurance Commission (IC) has signed the circular mandating new health maintenance organizations (HMOs) to have a minimum capitalization of at least P100 million. Insurance Commissioner Emmanuel F. Dooc said the circular aims to strengthen the financial capacity of new HMO …

  • Fuel contract award to Malaya plant set

    Fuel contract award to Malaya plant set

    Jul 30, 2016 22:01
    With both the Departments of Energy and Finance averting power interruptions, an awarding of contract on industrial fuel for the 650-megawatt Malaya thermal power plant is already being set by the Power Sector Assets and Liabilities Management Corporation (PSALM). PSALM Officer-in-Charge …

  • Bt talong case: Not quite a total victory but at least the science can go on

    Jul 30, 2016 22:00
    After so much anguish and frustration, this week’s decision of the Supreme Court (SC) reversing itself on the Bacillus thuringiensis (Bt) talong case came as a most welcome surprise to farmers and livestock raisers, the public regulators, and the science …

  • 6 flights canceled due to bad weather

    6 flights canceled due to bad weather

    Jul 30, 2016 16:16
    Six domestic flights have been canceled as a result stormy weather brought about by Tropical Depression Carina. The Manila International Airport Authority announced that the following PAL Express flights have been stopped. 2P 2071/2072 - Mnl-Calbayog-Mnl 2P 2079/2080 - Mnl-Catarman-Mnl 2P 2021/2022 - Mnl-Masbate-Mnl Affected …

  • ERC warns GenCos  as WESM price surges

    ERC warns GenCos as WESM price surges

    Jul 29, 2016 22:01
    With scheduled and emergency shutdowns of power plants this week triggering yellow alert conditions, eagle-eyed Energy Regulatory Commission (ERC) has advanced warning to generation companies (GenCos) that it has been taking a close look at consequent price surges in the …

  • Bank lending grows 17.6% in June

    Bank lending grows 17.6% in June

    Jul 29, 2016 22:01
    The Bangko Sentral ng Pilipinas (BSP) yesterday said commercial banks’ outstanding loans grew by 17.6 percent year-on-year to P5.407 trillion as of end-June with information/communication and real estate activities posting higher increases. With banks’ reverse repurchase (RRP) placements with the BSP, …

  • ‘Ultra super-critical technology’ seen lowering coal emissions

    ‘Ultra super-critical technology’ seen lowering coal emissions

    Jul 29, 2016 22:01
    The debate on emissions spewed out by coal-fired plants has been intensifying, but the industry is placing its bet on ultra-super-critical technology into reducing its carbon footprints. In a roundtable discussion with media, American energy giant GE has noted that power …

  • Metro Pacific buys Marikina hospital for P993 million

    Metro Pacific buys Marikina hospital for P993 million

    Jul 29, 2016 22:01
    Metro Pacific Hospital Holdings, Inc. (MPHHI), the healthcare unit of Metro Pacific Investments Corporation, has completed its P993.4-million acquisition of 93 percent of Marikina Valley Medical Center. In a disclosure to the Philippine Stock Exchange, MPIC said MPHHI paid P2,117.80 per …

  • Capesize rates seen to hold steady

    Capesize rates seen to hold steady

    Jul 29, 2016 22:01
    By Keith Wallis Singapore – Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady as ship owners resist charterers' attempts to push rates lower amid a dearth of cargo, ship brokers said. "We are …