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Monthly Archives: September 2017

Moody’s: Rising political conflict ‘credit negative’

By Riza Lozada Credit watchdog Moody’s Investors Service (Moody’s) warned in a country report that a rapid escalation of domestic political conflict that undermines institutional strength and the government’s reform agenda would be “credit negative.”

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ERC junks bid to end power supply racket

By Luis Leoncio The Energy Regulatory Commission (ERC) rejected the petition for intervention filed by the Power for People (P4P) Coalition, a coalition of civic groups, consumer organizations, and homeowners against Meralco’s Power Supply Agreements (PSAs) involving 3,551 megawatt (MW) of coal with its sister companies.

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SM Foundation kicks off 146th farmers’ training

The SM Group’s charity work arm SM Foundation recently launched its 146th Rural Farmers’ Training Project in Barangay San Pablo, Ormoc City with 240 participants composed of farmers and beneficiaries of the government’s 4Ps program.

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Experts urge deeper study on federal shift

State think tank Philippine Institute for Development Studies (PIDS) recently urged policymakers to pursue a comprehensive study before embarking on the proposed shift to a federal form of government.

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Espenilla gets nod from debt watchdog

Newly-installed Bangko Sentral ng Pilipinas (BSP) Gov. Nestor Espenilla Jr. received a strong endorsement from credit watchdog Moody’s Investors Service which said Espenilla’s posting assured investors of continuity in the policies of his predecessor Amando Tetangco Jr.

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PCC expects ‘deluge’ of anti-trust cases

Antitrust watchdog Philippine Competition Commission (PCC) is seeking an increase in its personnel with the full effect of the Philippine Competition Act (PCA) after a two-year provided in the law ended last August. PCC chairman Arsenio Balisacan said the agency is bracing for a “deluge” of complaints on monopolies, cartels and other anti-competitive practices with the full effectivity of the …

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Emirates still hopes to hike flights to Philippines

By Hananeel Bordey Emirates Airline said it is open to continue air service talks between United Arab Emirates (UAE) and Philippines to add more flights between the two countries.

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Pinoy technician helps build PAL airplane

“I was very happy when I heard that PAL ordered Q400 planes. I got excited. I want to help build planes for PAL. I told myself I will delay my retirement. Hangga’t kaya ko, tatapusin ko ang order ng PAL. Hindi ko sila papabayaan,” remarked Casimiro ‘Jun’ Javier, one of the lead hand of Q400 manufacturer Bombardier based in Toronto, …

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PAL evacuates Pinoys from Puerto Rico

The Department of Foreign Affairs contracted Philippine Airlines to fly home Filipinos from San Juan, Puerto Rico, before it was devastated by super hurricane Irma.

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PAL to link Tagbilaran with Davao and Clark

Local tourists from Mindanao and Central/Northern Luzon can now conveniently explore Bohol as Philippine Airlines launches two new domestic flights to Tagbilaran, manifesting the flag carrier’s belief in Bohol’s vast tourism potential.

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