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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 757449 [Title] => DTI organizes bilateral deals between ecozone locators, power firms [Summary] =>The Department of Trade and Industry (DTI) is organizing bilateral agreements between economic zone locators affected by the lapse of the Ecozone Rate Program (ERP) and power producers which do not use WESM like Angat in order to help protect the firms from high electricity costs.
[DatePublished] => 2011-12-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 156846 [Title] => Government to spend $19.5-B for BOT projects [Summary] => The government estimates it will spend at least $19.46 billion to pay operators of build-operate-transfer (BOT) projects, between 2002 and 2020.
The amount, however, is a conservative estimate based on a static 3.5-percent risk ratio that does not consider the variations depending on the phases of the projects covered by government guarantees.
Documents obtained from the Department of Finance (DoF) indicated that the National Government would pay an average of $1.82 billion from 2002 to 2010 alone, representing the guarantee extended to BOT operators.
[DatePublished] => 2002-04-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Ma. Elisa Osorio | December 13, 2011 - 12:00am
By Des Ferriols | April 11, 2002 - 12:00am
Recommended
Senators challenged the Philippine Amusement and Gaming Corp. (PAGCOR) to name the former Cabinet official who allegedly facilitated the grant of gaming licenses to Philippine offshore gaming operators (POGOs) so as not to cast doubt on all other former members of the Cabinet.
10 hours ago
The bombshell revelation of Alejandro “Al” Tengco, chairman and chief executive officer (CEO) of the Philippine Amusement and Gaming Corp. (PAGCor), may be likened to an improvised explosive device (IED) he triggered while he was still holding on to it. In a press statement he issued over the weekend, Tengco accused a certain former Cabinet official as allegedly “trying to intercede for POGOs,” or the Philippine Online Gaming Operators.
10 hours ago
Senator Win Gatchalian accused the National Telecommunications Commission (NTC) of “sleeping on the job” after thousands of SIM cards were found in raids of POGO hubs in Pasay, Bamban and Porac. The raiding teams from the Presidential Anti-Organized Crime Commission (PAOCC) tagged these supposedly POGO operations as hotbeds of illegal activities by foreign criminal syndicates victimizing people here and abroad. They give our country a bad international reputation.
10 hours ago
Veteran power energy executive Emmanuel Rubio is taking the reins at Meralco PowerGen Corp. (MGen) as its new president and CEO effective today.
10 hours ago
A former high-ranking government official tried to secure gaming licenses for several illegal Philippine offshore gaming operators that have recently been raided, the Philippine Amusement and Gaming Corp. said.
1 day ago
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