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Money Matters

M’nao Wesm full ops eyed in June 2018: NGCP exec

By Nora Sorino, Iligan Bureau Chief, Sita Asequia and Ric Palahang, Correspondents The Wholesale Electric Spot Market Mindanao (WESM) in Mindanao will finally be operated commercially by 2018. The early part of next year would serve as the last stretch of preparations and coordination meetings on the WESM system. In ...

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Japan pledges aid of JPY 104.53b for mega subway

Japan has pledged to provide a loan worth JPY 104.53 billion (USD923.41 million) for the Metro Manila Subway Project (MMSP) which is expected to ease traffic congestion in the metropolis. The amount represents the initial tranche of aid to be provided by the Japanese government for the MMSP, according to ...

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Davocc guv ends $24-b contract with ‘Pionaire’

By Eldie S. Aguirre, Correspondent provincial government of Davao Occidental has terminated the memorandum of understanding (MOU) with a Hong-kong-based firm, Pionaire Finance Limited due to ‘unwarranted’ action committed by the firm. Davao Occidental Governor Claude Bautista, through his lawyer Atty. Caesar Europa said officials of Davao Occidental were dismayed ...

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PH, Japan sign fresh $6b biz deals, DTI chief says

Philippines and Japan signed fresh business deals worth USD6 billion following the visit of President Rodrigo Duterte to Tokyo from Oct. 29 to 31, Trade Secretary Ramon Lopez shared to Manila-based reporters in a text message. In a text message to reporters, Lopez, who accompanied Pres. Duterte in his second ...

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Japan’s second biggest city commits to promote Davao

local official on Tuesday, said government officials and businessmen from Japan’s second largest city has committed to promoting Davao City to its residents and the business community. In a statement, Lemuel Ortonio, the chief of the Davao City Investment and Promotion Center, said the 22-member team from Davao City commenced ...

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International coco confab in Davao to upscale local production

Key players of the coconut industry here are looking forward to further optimize production and business opportunities by tying up with local and international investors who will participate in the largest annual international coco conference in November. Cocolink 2017, the second international coconut conference and trade expo, will bring in ...

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