Group bucks 1-year moratorium on all debt payments

The Management Association of the Philippines (MAP) warned lawmakers against a year-long freeze on debt payments, fearing good intentions might lead to worse problems since most of the country’s bank deposits are loaned to the public. MAP president Francis Lim flagged a proposal under the P162-billion stimulus package popularly known as Bayanihan II, which the […]

Group bucks nuclear energy plan

Electricity consumers and science advocates raised a howl over renewed government moves to make the Philippines a nuclear-power country, particularly as the recently signed Executive Order No. 116 revived the possibility of using the mothballed power plant in Bataan....

Ayala Group inks power plant deal with Marubeni unit

The Ayala group through AC Energy Philippines Inc. (ACEPH) has signed a shareholders’ agreement with a unit of Marubeni Corp. related to a joint venture for a 150-megawatt diesel-fired po­wer plant in Rizal. ACEPH said in a disclosure that the deal also involved its...