Business

Meralco to bid alone for AES’ coal plant in Zambales

October 3, 2017 | Business | Developments | Environment | Zambales

MANILA, Philippines – The Manila Electric Company (Meralco) is pushing through with its bid for a controlling stake in a 600-megawatt (MW) coal power plant in Masinloc, Zambales owned by AES Corporation. Photo by: thelifeinapinkbackpack.wordpress.com US electricity giant AES Corporation is selling its entire 51% interest in the Masinloc power facility, which it bought from Read More


Dawning of a golden age for Subic Bay’s hotel industry

September 23, 2017 | Accommodation | Business | Developments | Environment | Leisure | Tourism

SUBIC BAY FREEPORT—Buoyed by accessible natural tourist attractions and a conscientious program of special events that draw hundreds of thousands of visitors annually, the hotel industry in the Subic Bay Freeport has been experiencing an unprecedented growth in the past five years.   In Photo: Subic Bay’s iconic boutique hotel, The Lighthouse Marina Along Subic’s Read More


BPO investments falling

September 22, 2017 | Business | Finance | Information Technology

New investment pledges in the IT-BPM industry registered through various promotion agencies fell 34 percent in the second quarter from a year ago, continuing the decline in one of the country’s top dollar earners that the trade chief had partly attributed to the uncertainty in US policy. photo by: blog.philippinesbusinesstours.com Collecting the pledges registered through Read More


Subic investor firm protests paying common area fees

September 21, 2017 | Business | Opinion | Policy | Subic Bay Metropolitan Authority

Subic Bay Freeport Zone

SUBIC BAY FREEPORT: A Subic locator that opposes the Subic Bay Metropolitan Authority’s (SBMA) imposition of Common Use Service Area (CUSA) fees has asked the government agency to stop charging it for payment, citing a court ruling that annulled the practice. In a letter dated August 22, 2017 addressed to SBMA Chairman Martin Diño and Read More


3 Hanjin unions set certification election

September 20, 2017 | Business | Developments | Hanjin | Korean

REPRESENTATIVES of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) and leaders of the workers’ union Alyansa ng Manggagawang Organisadong Pilipino-Trade Union Congress of the Philippines (AMAPO- TUCP) have agreed on a venue for the conduct of a certification election of the three company unions. Photo by: hhic-phil.com This after a series of talks failed to Read More


 
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