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‘Profit from
power’ Lasse
Holopainen, PEMC president, makes a presentation on the
power industry outlook and the Wholesale Electricity Spot
Market during a talk on “Profi t from Power: Where to
Invest in 2007” sponsored by The CitisecOnline Power Forum
and held at the PSE Auditorium. For a separate story on
a new power controversy, please see
Top Stories.
--RHOY COBILLA
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| HEADLINES |
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Cruz
hints at revenue woes |
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OUTGOING
Treasury chief Omar Cruz hinted on Wednesday of pressure on
revenue flows this year and next due to the absence of new
tax measures. |
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Imports up, but output still down |
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IMPORTS rose
almost 10 percent in February to $3.69 billion from $3.36
billion last year on a steep rise of raw materials and
intermediate goods arrivals, yet manufacturing output
remained depressed. |
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Did
biofuels law envision importing ethanol? |
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WITH the
Biofuels Act of 2006 nearing implementation early next
month, Petron Corp., a local refiner, raised concerns that
importing the feedstock for the ethanol program will defeat
the purpose of the law. |
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P1B
to be released to NIA, NEA |
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PRESIDENT
Arroyo has approved the release of P500 million each to the
National Irrigation Administration (NIA) and the National
Electrification Administration (NEA) for the repair and
rehabilitation of typhoon-damaged irrigation systems and
distribution lines, respectively, nationwide. |
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Palace says April 30 not a holiday; May 14 is |
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PRESIDENT
Arroyo has issued Proclamation 1279 declaring Monday, May
14, a special public (nonworking) holiday nationwide to give
the people a chance to exercise their right to vote during
the national and local elections on that day. |
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Govt
says 9M jobs available, but manpower quality an issue
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A TOTAL of
nine million jobs will be open for Filipinos both here and
abroad for the next four years if only the country improves
the quality of its manpower stock, the Department of Labor
and Employment (DoLE) revealed Wednesday. |
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TriNoma offers QC both Glorietta, Greenbelt
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AYALA Land,
Inc. (ALI), the property development arm of the Philippines’
oldest conglomerate Ayala Corp., will open next month its
new shopping mall in Quezon City. |
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Paper trail belies NPC claim on coal contracts |
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BELYING its
claims it has already secured its 2007 coal requirements
since last year, the National Power Corp. awarded early this
month a coal contract for five panamax shipments at a
relatively high price of $84 per metric ton to Australian
company Hunter Valley Coal Corp. Pty. through its local
representative Glencore Far East Philippines AG. |
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28
agencies ink MOA for investors
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GOVERNMENT
took another step in enhancing the country’s competitiveness
as an investment destination when it signed a memorandum of
agreement Wednesday with 28 agencies toward enhancing their
system of linkages and networking for the speedy handling of
investor-related concerns. |
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MORE STORIES ... |
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Quite ready
Comelec Chairman
Benjamin Abalos listens as the PNP’s public information
chief, Gen. Samuel Pagdilao, fields questions at the Quijano
de Manila Forum at the Cherry Blossom Hotel in Manila, which
dealt with preparations for the May 14 polls. Also in photo
(right) is Amb. Antonio L. Cabangon Chua, the moving spirit
behind the QdM forum series. --NONIE
REYES
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