ABERON VOLTAIRE PALAÑA, TMT

TYCOON MANUEL V. PANGILINAN:

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Business tycoon Manuel V. Pangilinan on Tuesday said the government is better off funding its infrastructure projects via official development assistance (ODA). “They have taken the view these infra projects which are quite numerous could be better handled if it were done through them using ODA. In a way, government-to-government…

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MANILA Electric Co. (Meralco), the country’s largest power distribution utility, is expanding its presence in Nigeria through a technical partnership with a Nigerian distribution utility. “On Nigeria, we have a technical partnership with Ibadan Electricity Distribution Company,” Meralco President Oscar Reyes said in a media briefing on Tuesday. “Following our…

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AYALA-LED Manila Water Company, Inc. (Manila Water), through its wholly owned subsidiary Manila Water South Asia Holdings Pte. Ltd. (MWSAH) based in Singapore, announced on Monday that it is increasing its stake in Saigon Water Infrastructure Corp. (Sll) in Vietnam to nearly 38 percent from 31 percent. In a disclosure…

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Pilipinas Shell, Eastern Petroleum, Phoenix Petroleum, Seaoil, PTT Philippines, Unioil and Flying V on Monday announced that they will raise prices of diesel by P0.75 per liter and gasoline by P0.55 per liter, effective May 30, Tuesday. Pilipinas Shell, Seaoil and Flying V said they will also increase kerosene prices…

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ALCANTARA-LED Alsons Consolidated Resources, Inc. (ACR) is eyeing Indonesia for the expansion of its energy portfolio as part of a bid to grow into a regional energy player and amid the immense potential offered by the Asean economic integration. “We are looking at the Celebes, Sulawesi area because of its…

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WEST Zone concessionaire Maynilad Water Services, Inc. (Maynilad) said it is rehabilitating and upgrading three pumping stations in Manila at a cost of P146 million to ensure water service reliability in the area. The project involves the refurbishment of several old and defective pumps, which will allow Maynilad to maintain…

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Headline inflation is likely to settle within the 2.9 percent to 3.7 percent range in May, as a result of lower utility rates and oil prices, the central bank said on Friday. The rate stood at 3.4 percent in April. “The lower prices of domestic oil as well as the…

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Business firms gave a favorable view of the Philippine economy in the second quarter of 2017, reflecting optimism about economic prospects than in the first quarter, results of the latest central bank Business Expectations Survey (BES) showed. Companies have a more positive outlook, driven by expectations of higher government disbursements…

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AN inter-agency energy task force reconvened yesterday and immediately moved to secure the Lanao del Sur Electric Cooperative, Inc. (Lasureco) compound after President Rodrigo Duterte ordered Mindanao placed under Martial Law late Tuesday night. The Inter-Agency Task Force on Securing Energy Facilities (IATFSEF) is composed of the Department of Energy…

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