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NEA extends P420-M subsidy from VAT to 26 electric coops
The National Electrification Administration (NEA) has extended subsidy worth R420 million from the value-added tax (VAT) collections of the government to help ease electricity rates burden of marginalized consumers.
PRCI sets P55-M stock rights offer
Publicly-listed Philippine Racing Club, Inc. (PRCI) hopes to raise some P55.4 million from a preemptive stock rights offering this year, with proceeds going to the construction of a new racetrack facility in Naic, Cavite.
Cotabato farmers eye banana exports
South Cotabato farmers growing the aromatic "Bongulan" banana are expanding their farms to around 500 hectares to meet expanding Japanese market even as they await an "organic banana" certification.
Gov’t to raise 2009 revenue targets
The inter-agency Development Budget Coordinating Committee (DBCC) is proposing to raise the programmed revenues next year to P1.381 trillion or 14.5 percent of the estimated 2009 gross domestic product (GDP) value of P9.5 trillion.
Tiwi-MakBan bidding slated on July 30
It is "all systems go" for the scheduled July 30 bidding of the Tiwi and Makiling-Banahaw geothermal plants, but bidders are expecting the concerns on steam supply and transition supply contracts getting resolved prior to the auction date.
3 geothermal exploration deals firmed up with local investors
The Department of Energy (DoE) inked geothermal exploration contracts with three local investors for potential resource developments that will add up to the country’s energy capacity.
Megaworld reports strong Fort condo buying by Koreans
Property giant Megaworld Corporation is registering strong sales among Koreans for its Fort Bonifacio projects with a marketing tie-up with two Korean-led companies already registering sales of P7.5 billion so far this year.
Abaya cites early SCTEx completion
"The Bases Conversion and Development Authority (BCDA) has delivered to the country and our people the longest world-class expressway, and we are concentrating our collective energy in making travel through the Subic-Clark-Tarlac Expressway (SCTEx) safe, comfortable and seamless."
P/$ rate at P45.66/$ 1
The peso exchange rate closed at P45.66 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P45.747.
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