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Money Matters

Telco signs P20b TLF

Globe Telecom, Inc. signed a 12-year and 15-year P20 billion term loan facility arranged by First Metro Investment Corporation with Metropolitan Bank and Trust Company as lender. The loan shall be used to finance the acquisition of a fifty percent (50%) equity interest in Vega Telecom, Inc., Bow Arken Holdings …

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Pimentel: PH needs clean, cheap, reliable energy

Senate President Aquilino “Koko” Pimentel III  said what the country needs is an economy powered by clean, cheap, and reliable sources of energy as part of the administration’s program of government for change. Pimentel made the remarks as he welcomed on Tuesday the International Atomic Energy Agency (IAEA) conference on …

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Minda’s biggest power firm goes online

Filinvest’s Misamis Power Plant with a combined capacity of 405 MW (3 X 135 MW), now the biggest power plant in Mindanao, has been completed. FDC Misamis Power Corporation (FDC Misamis) announced that the second unit of its 405 MW flagship project have successfully been synchronized to the Mindanao grid, …

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New NGCP substation to strengthen Normin grid

NGCP reached another milestone with the successful energization of its newly upgraded Opol Substation in Misamis Oriental last 20 August 20. The new facility will cater to the power needs of grid-users, specifically in load centers in North Mindanao such as Iligan City and Cagayan de Oro City. Misamis Oriental …

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Iligan seeks revival of steel plant

By Nora Soriño, Iligan City Bureau Chief ILIGAN City – The city is now taking concrete and definite steps to revive the National Steel Corporation. Atty. Voltaire Rovira, city legal officer yesterday said that the National Steel Corporation Working Group had met Thursday and they had discussed the matter. Among …

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OSHDP urges Oro to lessen permits for housing projects

By: Nitz Arancon, Correspondent THE Organization of Socialized and Economic Housing Developers of the Philippines Inc. (OSHDP) has express their concerns over Cagayan de Oro’s long list of government permits that are causing delays in housing projects especially for the Sendong victims of this city. OSHDP assured the typhoon victims …

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