By Alena Mae S. Flores
The Energy Regulatory Commission has provisionally approved an increase of P0.4682 per kilowatt-hour in the basic rate of National Power Corp. for Luzon, P1.1460 per kWh for Visayas and P0.7147 per kWh for Mindanao.
Atienza warns Billiton, mining partner
By Othel V. Campos
The Environment Department may take over the operations of the Pujada nickel project in Davao Oriental if BHP Billiton, the world’s largest mining company, and its local partner fail to resolve their differences.
Citigroup sees slower remittance
By Lawrence Agcaoili
American banking giant Citigroup sees the growth of remittance inflows from Filipinos working abroad slowing down to just 3 percent this year due to the decline in job deployment amid the global crisis.
HGC plans P5-b bond float in first half of 2009
The state-run Home Guaranty Corp. is pursuing its planned bond float in the first half of the year to raise more funds to bankroll its guarantee service requirements and reduce debt.
PAL bares $220-m loss due to volatile oil prices
The current worldwide recession and highly volatile fuel prices, especially during the second half of 2008, took its toll on major international carriers, including flag carrier Philippine Airlines.
By Victor C. Agustin
THE Guy sisters and their 79-year-old mother, who own the thriving 3D appliance business, have received a most unusual Valentine gift from the Department of Foreign Affairs—their passports have all been ordered canceled.
By Maya Baltazar Herrera
It’s a week after Valentine and my inbox is full of financial bad news as end-of-year numbers begin to come in. Last year’s profits are dismal, export growth is depressing and companies are trimming their workforce.
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