Data from the Bangko Sentral ng Pilipinas (BSP) showed the $657 million surplus booked in August was 33% up from the surplus of $493 million logged a year ago, and significantly higher than the $8 million surfeit in July. This is also the highest surplus since May’s $2.431 billion.
State-run Philippine National Oil Company (PNOC) has initially sounded off interest in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya gas field venture.
Department of Energy (DOE) Secretary Alfonso Cusi said the Philippines is on its journey to explore the potentials of nuclear power as a reliable source of energy.
Lucio Tan’s MacroAsia Corp. and its Chinese partner have been given another extension to complete their post-qualification requirements for the Sangley Point International Airport (SPIA) project…
Labor Secretary Silvestre Bello III revealed that he will submit a proposal to the Inter-Agency Task Force for Emerging Infectious Diseases (IATF-EID) to increase the salary of nurses and medical workers in private hospitals.