Strict new bidding conditions established for the Semirara coal mine risk halting operations altogether by next July, threatening both national energy supplies and public revenues, according to current operator Semirara Mining and Power Corporation (SMPC).
Manila Electric Co. (Meralco) and its wholly owned subsidiary, Corporate Information Solutions Inc. (CIS), are selling their stakes in payment services provider CIS Bayad Center Inc. (Bayad) to Kayana Solutions Inc. for P2.7 billion, tightening Kayana’s control over the business.
Bohol is gearing up for a potential tourism rush during the three-day ASEAN Summit holiday, with discounted flights aimed at turning the extended break into extra arrivals for the island province.