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By Alena Mae S. Flores
National Grid Corp. of the Philippines will start operating the country’s transmission highway starting today after signing the final transaction agreements with Power Sector Assets and Liabilities Management Corp.
Govt woos private firms to construct 16 projects
By Elaine Ramos Alanguilan
The BOT Center is marketing 16 infrastructure projects that include a sewage treatment and an integrated port and ferry system project for private funding under the build-operate-transfer scheme.
GSIS drops plan to buy beleaguered Philamlife
By Lawrence Agcaoili
The Government Service Insurance System has dropped plans to acquire Philippine American Life and General Insurance Co. after the management of the country’s largest insurance provider did not allow the pension fund manager to look into its books.
PDIC seeks auditors’ help on 15 closed rural banks
By Eileen A. Mencias
Philippine Deposit Insurance Corp. has shortlisted five external auditors to help in the processing of deposit claims from the 15 rural banks closed by the central bank closed inDecember.
WB buying $3.2-m carbon credits from Roxas
By Roderick T. dela Cruz
The World Bank has agreed to purchase carbon emission reduction credits worth $3.2 million from the bioethanol project of Roxas Holdings Inc. in Negros Occidental over the next four years.
Unfolding events weaken Shell’s resolve to stay in RP
By Ray S. Eñano
The odds are not going in favor of Pilipinas Shell Petroleum Corp. It faces a shrinking domestic market and will likely register reduced profits, if not losses, in 2008 because of declining margins.
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