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Tuesday, April 10, 2007 |
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Meralco seeks fresh
power-rate increase |
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By Euan Paulo C. Ańonuevo, Reporter
PLANS by state-owned National
Power Corp. (Napocor) to cut its rates may be for naught, after the
Philippines’ largest electricity distributor applied for an
increase in its own tariffs, citing huge under recoveries arising
from power purchased at the wholesale electricity spot market (WESM).
Early this year, the government
suggested that Napocor, responsible for generating the bulk of the
country’s power requirements, may soon cut its rates.
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RP to sign accord
relaxing air policy
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THE Philippines is set to sign an
agreement with other members of the Association of Southeast Asian
Nations (Asean) that would liberalize market access for crew-less
leased aircraft...
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Govt cuts dollar
surplus forecast despite recent strong inflows
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THE Bangko Sentral ng Pilipinas (BSP)
said the country’s dollar surplus this year will be lower than
earlier expected despite strong foreign exchange inflows in recent
months.
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Peso seen to break
48-to-a-dollar ceiling
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STRONG inflows of money sent home
by overseas Filipino workers (OFW) after the Easter break will
further boost the peso this week, with the local currency seen to
break the 48-to-the-dollar barrier today...
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Landline growth
expected on rising Internet demand
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The number of landline telephone
subscribers in the countryside is expected to grow by double digits
this year as demand for Internet service is growing, the Philippine
Association of Private Telephone Companies Inc. (Paptelco) said.
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SMDC to build
mid-rise condo in Baguio
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SM Development Corp. (SMDC) plans
to build a mid-rise residential condominium in Baguio City where a
lot of real property development has been going on for the last few
years.
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LGUs fail to tap
full potential of taxation powers, says study
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LOCAL governments (LGU) raised
their real property tax collection from 2001 to 2005 but failed to
reap its full potential due to several obstacles, according to a
study by the National Tax Research Center (NTRC).
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Telco to expand
VOIP service
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MULTIMEDIA Telephony Inc. (MMTI)
has asked the National Telecommunications Commission (NTC) for more
access numbers for voice over Internet protocol (VoIP) to serve the
rising demand for this service.
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Autogas proponents
address PR woes
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CAR owners wishing to cut their
gasoline expenses while contributing to a cleaner air may want to
give liquefied petroleum gas (LPG) a second look, according to
proponents of the so-called autogas.
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PSE bats for
credit information, corporate recovery measures
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THE Philippine Stock Exchange (PSE)
is pushing for the passage of laws that would make the local capital
market more robust.
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PCCI plans to put
up technical schools nationwide
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The Philippine Chamber of
Commerce and Industry (PCCI) plans to put up technical schools
nationwide.
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BIZZFIZZ
By Rene Martel
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History erased by
Ascott sign
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HOW about erasing recent history
with the flick of a switch to activate a neon sign? That’s just
what happened two weeks ago when Oakwood—the imposing high-rise
serviced residence at the Glorietta 4 end...
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