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There were demonstrations outside a meeting venue last Friday, both against and in favor of coal-fired power for Palawan. Pretty unusual you would think that ordinary people would demonstrate in favor of coal-fired power—that there would be demonstrations against coal-fired power would not raise any eyebrows. However, according to reports…

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The value of construction from approved building permits for the first quarter of 2013 rose to P58.6 billion, data from the National Statistics Office (NSO) showed. The first-quarter figure was higher compared to the P49.2 billion recorded during the same quarter of 2012. The data also said that by type…

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Given the pressure from the tumbling of US and Asian markets and peso depreciation, stock investors continued to take profits on Tuesday that pushed the index below 6,600 points. Harry Liu, president of Summit Securities Inc., said that the market slide was caused by investors taking their profits and “sheer…

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Publicly listed PetroEnergy Resources Corp. (PERC) has secured the approval of the Department of Energy (DOE) for the commerciality of its 50-megawatt (MW) Nabas wind power project in Aklan. Following other power firms that applied for the wind Feed-in-Tariff (FIR) contracts, PetroEnergy brings to four the number of service contractors…

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Following the stellar performance of the Philippine economy in the first quarter of the year, Moody’s Investors Service said that developments in the country are “credit positive.” In its latest credit outlook, Moody’s noted that, the Philippines, which was has a rating of Ba1 stable, recorded a 7.8-percent gross domestic…

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The government received at least P28 billion in dividends and other forms of remittances from government-owned and -controlled corporations (GOCCs). In a statement, the Department of Finance said that 38 GOCCs turned over the dividends to the national coffers out of their operations for the past year. “The practice of…

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