Manila Electric Co., the country’s largest power distributor, has secured the lowest offers for its 600-megaWatt baseload supply requirement through the conduct of a Competitive Selection Process.
The year-old suspension of reclamation activities along Manila Bay is costing San Miguel Corporation hundreds of millions of dollars in additional costs in building the P734-billion Bulacan International Airport.
The Department of Transportation (DOTr), as part of the larger goal of relieving Metro Manila of its horrendous traffic management problems, is exploring the idea of privatizing the operations and maintenance (O&M) of Metro Rail Transit Line 3 (MRT-3) and the Light Rail Transit Line 2 (LRT-2) as separate programs.
Moody’s Ratings (Moody’s) affirmed the country's investment-grade rating of “Baa2” with a “stable” outlook, the Bangko Sentral ng Pilipinas said on Friday.According to the BSP, the credit rating agency cited as key factors the country’s reforms to liberalize the economy, fiscal consolidation efforts, and robust macroeconomic fundamentals.