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By Eileen A. Mencias
Philippine Deposit Insurance Corp. is tapping a P14-billion loan from the Bangko Sentral to pay the deposit claims of banks closed in the past six weeks, banking sources said.
Aboitiz readies bids for Pagbilao, Sual plants
By Alena Mae S. Flores
Listed Aboitiz Power Corp. has expressed interest to participate in the bidding for the contract to operate the 700-megawatt Pagbilao coal plant in Quezon and the 1,000-MW Sual coal plant in Pangasinan, a company official said.
Napocor likely incurred a loss of P63.2b in ’08
National Power Corp. likely incurred a net loss of P63.19 billion in 2008, the first time after three years of continued profitability, documents from the Budget and Management Department show.
Neda committee approves P470-m upgrade of PTV 4
By Roderick T. dela Cruz
The Investment Coordination Committee of the National Economic and Development Authority has approved the upgrading of the government-owned broadcast network PTV 4.
Macau up in arms against Las Vegas Sands owners
By Ray S. Eñano
Macau, a gambling enclave frequented by rich Chinese and moneyed foreigners, and where hundreds of migrant Filipinos work, is about to get caught in a tempest. Macau residents are up in arms against Nevada-based Las Vegas Sands Corp., owner and operator of Sands Macau Casino Resort, over its plan to abandon a development project at the Cotai strip on a reclaimed land and invest, instead, in Singapore, Macau’s strongest rival in the casino and leisure business.
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