DA to task exporters to invest in infras abroad

THE Department of Agriculture may require exporters of farm produce to invest in infrastructure abroad before they are allowed to do business overseas. In the case of banana growers and exporters planning to tap the US market, Agriculture Secretary Proceso Alcala said they should first build ripening facilities or warehouses where the produce is expected […]

FAO projects rice exports to go up 2%

DESPITE the restraint exercised by the Philippines and Indonesia, two of the biggest rice importers in the world, the Food and Agriculture Organization (FAO) projected that global rice export will go up by 2 percent on year to 37.3 million metric tons (MMT). In its “Food Outlook,” FAO noted that both the Philippines and Indonesia […]

Bukidnon’s power sector alliance holds third congress

By MILDRED BORBON TORREJAS, Correspondent THE 3rd Multi-Sectorial Electrification Alliance Council (MSEAC) Congress was held at the Farmers Training Center of the Central Mindanao University (CMU) last November 10. MSEAC is composed of three electric cooperatives, namely First Bukidnon Electric Cooperatives (Fibeco), Bukidnon Second Electric Cooperative (Buseco) and the Bukidnon Electric Consumers Foundation (Beco) and […]

300 MW Aboitiz coal plant construction in full swing

By Carmencita A. Carillo DAVAO City — The construction of the P25-billion, 300-MegaWatt (MW) coal-fired power plant owned by Aboitiz Power Corporation located at the boundary of Davao City and Davao del Sur is in full swing and is expected to start operating by 2015. “The plant will be able to meet a substantial part […]

Maybank to get $100-M infusion

MAYBANK Philippines, Inc. has secured the approval of Malayan Banking Berhad, its parent bank, for a $100-million additional capital infusion, an official said. “We got the approval of the Maybank Group’s board for the capital infusion last Oct. 25,” Maybank Philippines Corporate Planning Head Benedict F. Borlado said in a phone interview last Friday. “We […]

Smart to launch microfinance bank

TELECOM firm Smart Communications Inc. said it will establish the country’s first microfinance bank, in which the company will tap its mobile-phone subscribers focusing on those who have little or no access to the formal banking system. The company already announced its plan during a summit in Italy last month, wherein the country’s top mobile […]

Toyota to invest $1.3-B in Indonesia over 5 years

TOKYO — Japan’s Toyota group said Saturday it will invest about 13 trillion rupiah ($1.3 billion) over the next five years in expanding its vehicle production in Indonesia. Toyota Motor and its five affiliated firms are making the move “considering the remarkable growth of the (Indonesian) market in recent years”, a statement from the group […]

Aselco inks power deal with Aboitiz

AGUSAN del Sur Electric Cooperative (Aselco) has signed up to buy 10 MW of power from the 300-MW coal-fired power plant project of AboitizPower in Davao which is set to be completed in 2015. With distribution utilities Davao Light and Cotabato Light already signing for a combined 105 MW, there are around 185 MW of […]

With Steag in full capacity: M’danao back to life

By IRENE DOMINGO, Reporter and CARMELITO Q. FRANCISCO, Correspondent MINDANAO residents get back to life as one of the major sources of electricity in the island has completed its maintenance work ahead of schedule. Over the week end, Steag State Power, Inc. officially announced the synchronization of its power capacity back to the Mindanao grid […]

Baldoz calls to address labor-market mismatch to improve PH competitiveness

Baldoz calls to address labor-market mismatch to improve PH competitiveness The issue of job-skills mismatch has been a lingering problem both in the domestic and global labor markets. This is the introduction made by Secretary Rosalinda Baldoz during the 3rd National Competitiveness Council dialogue at Makati. Baldoz said that the inability of our job applicant […]

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