• FPH exec sees virtual extinction of coal plants, dominance of RE  
    COAL power plants are likely to end up as underutilized or stranded assets in 10 years, or even less, given the rapid pace of renewables, a top official of Lopez-led First Philippine Holdings (FPH) said. Federico R. Lopez, chairman and CEO of FPH, First Gen and Energy Development Corp. said during the second Philippine Environment Summit that as more renewables […]
  • Slot for third telco player open until end of March
    NEW Washington, Aklan—With only a left before the deadline, the Department of Information and Communications and Technology (DICT) announced it is still accepting companies aspiring to be the third telco player in the country. DICT Undersecretary Monchito B. Ibrahim said that already, some Chinese and New Delhi companies have expressed keen interest to compete in […]
  • Solon: Twin Senate bills assure EODB, price freeze
    Early enactment of the Senate-ratified final version of the Ease of Doing Business (EODB) and Efficient Government Service Delivery Act is seen to effectively cut red tape and spare businesses from spending billions of pesos and millions of man-hours yearly to comply with government licensing procedures, according to Senate President Pro Tempore Ralph G. Recto. Even as […]
  • DOLE orders PRAs to keep close watch on OFWs in Kuwait  
    The Philippine Overseas Employment Administration (POEA) has instructed all Philippine recruitment agencies (PRAs) to closely monitor the condition of overseas Filipino workers (OFWs) they have sent to Kuwait or face possible sanctions. In an advisory, POEA  Administrator Bernard P. Olalia said PRAs are now required to submit each week the status, exact location and contact […]
  • Neda chief says FTAs to boost PHL-US trade, investment ties
    The country’s chief economist sees the need for the Philippines to explore more free-trade agreements (FTAs) with the United States to boost trade and investment ties between the two countries. “Even though we already have a Trade and Investment Framework Agreement with the US, it is still important to establish an FTA to gain access […]

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