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Lopez-led Energy Development Corp. (EDC) is preparing a P60-billion “war chest” to cover the cost of drilling 40 new geothermal wells and enhance the performance of its existing wells.
The post EDC beefing up ‘war chest’ for new geothermal wells first ...

THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) is expected to adversely affect the economy’s performance in the third quarter, according to a United Kingdom-based think tank.
The post Q3 growth to ‘slow’ on BSP’s tight policy first ...

IT will take three to four decades more before the Philippines becomes what is called “an aging society,” according to the National Economic and Development Authority (Neda).
The post Neda: 3, 4 decades before we see ‘aging PHL’ first appeared on Busin...

THE Marcos Jr. administration plans to raise at least $200 million from its first sale of retail dollar bonds (RDBs)—the second for the Philippines—to meet the state’s financing needs.
The post PHL eyes $.2B from first sale of RDBs first appeared on Bu...

INVESTORS looking to park their funds in the Maharlika Investment Fund (MIF) will find that some of these investments will find their way into the Infrastructure Flagship Projects (IFPs), according to the National Economic and Development Authority (Ne...

THE Commission on Elections said on Monday it will also be sending personal notices to Barangay and Sangguniang Kabataan Elections (BSKE), who are facing possible election offences due to premature campaigning.
The post Comelec: BSKE prematur...

THE Philippine Chamber of Commerce and Industry (PCCI) has inked an agreement with the Department of Trade and Industry (DTI) to establish a partnership between the government and the business community to leverage on free trade agreements (FTAs), pref...

JUSTICE Secretary Jesus Crispin Remulla said on Monday a panel of prosecutors is now being formed to handle pending and future complaints in relation to the alleged illegal activities of the so-called Socorro cult (Socorro Bayanihan Services Inc. or SB...

Senate Majority Leader Joel Villanueva, principal sponsor and author of the Doktor Para sa Bayan law, assured the timely passage of related bills creating five additional medical schools expected to mitigate a looming “shortage of doctors” in order to ...

AFTER more than two months of pump price increases, oil firms announced Monday they will bring down prices of their petroleum products this week.
The post 11-week oil price hike streak ends, but increases still possible until December first appeared on...