DA to allow entry of 20,000 MT of onions
The Department of Agriculture (DA) will allow the importation of as much as 20,000 metric tons (MT) of onions until year-end to beef up supply. A bountiful harvest of the commodity is not expected before the onset of the hot months next year.
Meralco may be facing new round of rate refunds
A former top official of the Energy Regulatory Commission (ERC) claimed the Manila Electric Co. (Meralco) may cough up or regurgitate as much as P150 billion in customer refunds on top of automatic rate reductions based on a re-computation of its weighted average cost of capital (WACC).
NGCP asked to stretch power grid lines over residential area it sought to avoid
The Iloilo Grain Complex Corp. (IGCC) has asked the National Grid Corporation of the Philippines (NGCP) again to consider rerouting a 1.7-kilometer stretch of power lines over a residential area instead of over an open space that the timber and agriculture support company has succeeded in tangling up with its successful bid to stop the enforcement of a writ of possession from the Supreme Court.
Partnership widens funding options of MSMEs
FundSpace, a leading loan aggregator facilitating the funding requirements of businesses of all sizes, has teamed up with BPC Lending Inc. to boost the financing options of micro, small, and medium-sized enterprises (MSMEs) and individual borrowers.
MPTC eyes raising P45 billion from syndicate of banks
Metro Pacific Tollways Corp. (MPTC) is in negotiations with a syndicate of local and foreign banks to raise at least P45 billion as part of a larger plan to reduce its debt.
