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Monday, February 09, 2009 |
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Napocor ordered to blacklist erring firms
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By Euan Paulo C. Añonuevo, Reporter
The Department of Energy (DOE) has directed
state-owned National Power Corp. (Napocor) to study
the “blacklisting” of firms and contractors that have unpaid
accounts with the
government corporation.
The order came about after Energy Secretary
Angelo Reyes learned in a recent Napocor board meeting, which he
also presides, that many contractors and firms dealing with the
power generating firm have unpaid accounts, mostly consisting of
fines for late delivery, especially for fuel.
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BSP sees domestic liquidity to accelerate after rate cuts
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The supply of money circulating locally is expected to grow faster
this year as the Bangko Sentral ng Pilipinas (BSP) has further
reduced its key policy rates.
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DOE urges public to buy ethanol-blended gas
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With the country’s biofuels program now into full swing, the
government is urging the public to shift from solely fossil
fuel-based gasoline products at the pump to those blended with
ethanol.
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PEP still rejects Pacific Plans rehab
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THE Parents Enabling Parents (PEP) Coalition is still not supporting
the Pacific Plans Inc.’s rehabilitation plan even after a dialogue
with new owner Noel Oñate.
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Govt unlikely to dispose major assets this year
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The government is unlikely to privatize its major assets this year
while at the same time it would breach its budget deficit target, a
think tank said.
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Local auto sales slightly lower in January
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Local auto industry sales slid slightly lower in the first month of
2009, industry sales data showed.
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BOI draws job-saving investment priorities list
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As the retention and continuous generation of local employment
becomes the top priority amid these hard times, this year’s
Investment Priorities Plan (IPP) would not only give perks to
investment-generation activities but would also...
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Iceland-based firm hikes stake in local geothermal company
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Driven by the recent passage of the Renewable Energy Act,
Iceland-based Geysir Green Energy has raised its stake in a local
energy company currently scouring the Eastern Visayas for geothermal
energy resources.
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OPEC to cut output in March–Iraqi official
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BAGHDAD: Iraq’s oil minister on Saturday predicted that
Organization of Petroleum Exporting Countries (OPEC) will cut
production in March, and said that the price of a barrel of crude
should not be less than $70, a senior official told Agence France-Presse.
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CHALLENGES IN ANTI-COMPETTIVE PRACTICES SEEN
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Telcos regulatory environment deteriorates
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THE Philippines’ telecommunications regulatory environment (TRE)
slightly deteriorated last year due
to challenges posed in regulation of
anti-competitive practices and universal access of technology, a
study showed.
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Land Bank to raise additional funds
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The Land Bank of the Philippines (LandBank) plans to raise funds by
issuing Tier 2 notes to expand the bank’s capital.
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Philex takes full control of Boyongan gold project
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THE Philippines’ biggest mining firm has taken over the control of
the Boyongan copper-gold mine in Surigao after its joint venture
partner exited the project.
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Phoenix eyes more stations in Luzon
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Listed oil firm Phoenix Petroleum Philippines Inc. said it plans to
invest half a billion pesos for the expansion of its retail pump
network in Luzon.
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IGI urges regulator to recall show cause order
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VALUE-ADDED service (VAS) provider, Information Gateway Inc. (IGI)
has urged the National Telecommunications Commission (NTC) to recall
the show-cause order lodged against the company for violating the
40-percent foreign equity rule.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Future search: Build
yourself an objective approach
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FEBRUARY is the season of love, which means there will be a lot of
motel offerings. True, couples (more on the illicit side) indulge in
this form of annual ritual and probably the whole year round as they
wish—or whenever as their flesh so desires.
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