Napocor to pre-pay $1-b debt

By Alena Mae S. Flores
Power Sector Assets and Liabilities Management Corp. will pre-pay close to $1 billion of debt owed by National Power Corp. after receiving a 40 percent down payment for the sale of the government’s transmission assets.

Rail body awards 3 contracts

By Roderick T. dela Cruz
The Light Rail Transit Authority, operator of the LRT Line 1 system which is being extended from Monumento in Caloocan City to North Avenue in Quezon City, has awarded three more contracts worth more than P1.3 billion to various contractors.

Mining firms must now secure export permit

The Environment Department has started asking mining companies to secure an export permit to ensure proper taxes are paid to the national government.

Favila bats for livelihood projects amid crisis

By Elaine Ramos Alanguilan
Trade Secretary Peter Favila has ordered all agencies attached with the Trade Department to refocus efforts this year on generating livelihood projects in a bid to boost the domestic economy amid the global crisis.

Pre-need sales rose 9% in 1st 11 months of 2008

By Jenniffer B. Austria
Sales of pre-need policies rose 9 percent in the first 11 months of 2008, according to data from the Securities and Exchange Commission.

 

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