Sep 18, 2012 0
Electric cooperatives (EC’s) have thus far accumulated more than Php13 billion in debts, placing consumers at risk of power outages.
Department of Energy (DoE) secretary Jose Rene Almendras has said that the operations of the provincial power distributors are being hindered by inefficient operations, unsound and wrong management practices and bad governance.
Sep 12, 2012 0
Philex Mining Corp. (PX) announced yesterday that it is still on-track to begin operations in its Silangan Project in Surigao del Norte by 2017.
This development was released following the sharp decline in Philex’ shares as the market prepared for the revenue impact of a prospective shutdown in its flagship Pacdal mine for the rest of the year.
Sep 8, 2012 0
The year-on-year inflation rate of the Philippines accelerated to 3.8% in August (Market Estimate: 3.5%), the highest level in 7 months, mainly due to a sharp increase in the food and non-alcoholic beverages sub-index (50% of CPI).
On a monthly basis, consumer prices rose 0.8%, after the same sub-index climbed 1.0% due to weather-induced supply disruptions. Note that the month-on-month figure was the highest since February 2011.
