Independent Power Producer Administrators (IPPAs) and electric cooperatives dominate the list of the top corporate entities with long overdue accounts with the Power Sector Assets and Liabilities Management Corp. (PSALM) amounting to a combined P59.23 billion as of December 2018. Many of these accounts were transferred by the National Power Corporation (NAPOCOR) to PSALM by virtue of EPIRA, or Republic Act 9136, in 2001.
Read More122nd DOF Anniversary
Read MoreThe tax reform law that has returned some P111 billion back to the pockets of 99 percent of wage earners and the shift to rice tariffication that will slash retail prices of this staple are among the recent game-changing initiatives that best illustrate the Duterte administration’s resolve to carry out the bold reforms and sound economic policies embodied in its 10-point socioeconomic agenda, Finance Secretary Carlos Dominguez III has said.
Read MoreThe Republic of the Philippines (the “Republic”) successfully returned to the international capital markets with its offering of EUR750 million of 8-year Global Bonds. The bonds are expected to be rated Baa2 by Moody’s, BBB+ by Standard & Poor’s, and BBB by Fitch[1]*. The notes are expected to settle on May 17, 2019.
Read MoreWe, the economic managers, remain committed to the pursuit of sustained and inclusive growth through fast implementation of the government’s programs and projects to make up for lower-than-planned state spending in the first quarter due to the delay in passage of the 2019 budget.
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