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Wednesday, August 01, 2007 |
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Energy prices in
spot market
seen to jack up electricity bills |
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By Euan Paulo C. Añonuevo Reporter
CONSUMERS should brace for higher
electricity bills in the coming months, as the price of energy sold
at the country’s spot market has been shooting up in recent
sessions, according to market operator, the Philippine Electricity
Market Corp. (PEMC).
“Basically what happened in the
past few days is that it took out the coal, so we started clearing
oil—so Malaya, Limay—we’re clearing. So the prices went up to
almost P10 or more than P10 for that period,” Lasse Matti A.
Holopainen, PEMC president, said.
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 Full
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Liquidity growth
in June eases
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THE growth of the country’s
money supply further eased last June, according to the Bangko
Sentral ng Pilipinas (BSP).
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Full
Story>>
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IMF sees
Philippines growing below government targets
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THE International Monetary Fund (IMF)
expects the Philippine economy to grow slightly below the government
target this year.
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Full
Story>>
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Stock market
recovers on bargain hunting
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THE Philippine stock market
closed higher Tuesday but quick profit-taking limited the upside
amid continuing concerns over a possible credit crunch in the United
States, dealers said.
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Govt cuts debt in
May on peso, repayments
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THE government recorded a smaller
debt in May compared to the borrowings made the month before due to
net redemptions and repayments as well as the continuous
appreciation of the peso.
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BPI profits surge
in first semester
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Revenues earned from lending and
fee-based businesses enabled Bank of the Philippine Islands to post
higher profits in the first semester.
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Full
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Asean mulls fund
for regional development
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THE Association of Southeast
Asian Nations ministers are discussing a Malaysian proposal to
create an infrastructure fund that could sustain infrastructure
developments in the region.
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Full
Story>>
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Chamber of Mines
lauds CDO versus illegal miners
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THE Chamber of Mines of the
Philippines applauds the cease and desist order issued by the
provincial chief of Zambales against five suspected illegal mining
operations, voicing out that the activities damage responsible
miners.
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Full
Story>>
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Lotilla
turns over DOE reins to Reyes
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Outgoing Energy Secretary Raphael
P.M. Lotilla officially turned over the rein of the office Tuesday
to former environment secretary Angelo T. Reyes, who vowed to
continue the government’s energy program...
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Megaworld
submitted bid for old Iloilo airport
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MEGAWORLD Corp. announced on
Tuesday that it has submitted to the government “a firm offer”
to buy the old Iloilo airport that is scheduled to be disposed this
year.
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Story>>
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Netopia operator
cuts losses in first semester
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DIGITAL Paradise Inc. (DPI), the
owner and operator of the Netopia Internet café, said losses
dropped in the first half of the year after it streamlined
operations.
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VIEWS FROM
A BRIT
By Mike
Wootton
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Pay or get cut
off
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In the UK (and possibly
throughout Europe, although I’m not certain about that) it is
still possible to ensure an electricity supply to a house even if
you can’t afford to pay the bill when due, “arrangements can be
made” to help.
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Full
Story>>
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