Globe signs P12-B loan deals for capex

GLOBE Telecom, Inc. announced on Thursday that it signed term loan facilities with China Banking Corp. and Philippine National Bank for P5 billion and P7 billion, respectively. The company will use the loans to finance its capital expenditures (capex), Globe said in a disclosure to the stock exchange. The Ayala-led telco targets to spend P70 […]

Julie Anne San Jose explores upbeat music

Julie Anne San Jose A NEW upbeat and danceable song was the works for singer Julie Anne San Jose when the world unexpectedly stopped last year. Because of the ongoing coronavirus disease 2019 (COVID-19) pandemic, the song underwent various revisions and took a while to produce. “We wrote the song pre-pandemic, and then inabutan kami […]

Employers worried about SHS graduates’ readiness for work 

MANY EMPLOYERS are reluctant to hire senior high school (SHS) graduates on concerns about their readiness for the workplace, while most SHS graduates have expressed a preference to pursue further studies, according to a study released Thursday. The Philippine Institute for Development Studies (PIDS) said its research, conducted starting 2018, found that SHS graduates faced […]

SEC reminds lending, financing firms register online platforms

THE Securities and Exchange Commission (SEC) could penalize or even revoke the licenses of financing and lending companies that fail to register and disclose their online lending platforms (OLP), such as mobile applications and websites. A notice published by the commission on Wednesday said financing and lending firms must comply with SEC Memorandum Circular No. […]

Spot market power prices decline in June

THE AVERAGE price for power on the wholesale electricity spot market (WESM) was P6.53 per kilowatt hour in June, down from P7.66 in May, the Independent Electricity Market Operator of the Philippines (IEMOP) said Wednesday. In a virtual briefing, IEMOP Manager for Pricing Validation and Analysis John Paul S. Grayda said that the secondary price […]

DoE to regulate reserve power procurement, require 5-year forecasts from NGCP

THE Department of Energy (DoE) said it will set a competitive process for the grid operator’s procurement of reserve power, known as ancillary services (AS), and also require it to submit five-year forecasts for power demand to help ensure that expected needs are sufficiently covered. According to a draft department circular posted on its website, […]

In the name of fair play

Have you ever felt silenced after your explanation was left unheard? Perhaps, as a child, you were scolded without getting a chance to defend yourself; as an adult, perhaps you were handed a traffic violation ticket for an infraction you were wrongly accused of. In tax assessment cases, taxpayers often feel anxious when investigated, a […]

Peso sinks ahead of BSP decision

THE PESO retreated further versus the greenback on Wednesday due to foreign selling at the stock market and cautiousness ahead of the central bank’s policy review. The local unit closed at P48.805 a dollar on Wednesday, shedding 10.5 centavos from its P48.70 finish on Tuesday, data from the Bankers Association of the Philippines showed. The […]