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Fuel supply back to normal The Department of Energy (DOE) yesterday said fuel supply in Metro Manila has normalized, after the pipeline that delivers fuel from Batangas to the Pandacan depot in Manila resumed operations last July 24.


FDC wants sale of all Napocor assets suspended An activist group is urging the government to suspend the planned sale of all the remaining assets of the National Power Corp., pending a comprehensive review of the Electric Power Industry Reform Act (EPIRA).


Peso appreciates as appetite for US dollar dips The peso strengthened further Thursday against the US dollar, benefiting from the generally anemic appetite of investors for the greenback.


EDC to invest $1B in power plants in next 5 years Energy Development Corp., the country’s biggest producer of geothermal energy, is eyeing to invest some $1 billion over the next five years to put up greenfield power plants.


Fuel supply in Metro normal -- DoE The Department of Energy assured the public on Thursday that fuel supply has already normalized in Metro Manila already normalized, after the pipeline delivering fuel from Batangas to the Pandacan depot in Manila resumed operations last Saturday.


MRT, LRT fare hikes inevitable, officials say The Metro Rail Transit’s (MRT) half-a-million passengers a day will have to bear the burden of a hike in ticket prices soon as the new administration finds ways to keep expenses in check.


FMIC posts 60% profit in 1H First Metro Investment Corp., the investment banking arm of the Metrobank group, grew its first semester net profit by 60 percent to P888.7 million year-on-year on robust corporate finance, treasury and investment advisory businesses.


BIR files raps vs. construction firm The Bureau of Internal Revenue today filed a tax complaint against officials of DSM Construction and Development Corporation (DSM) for failure to supply correct information in their income tax return and for their tax deficiency worth over P52 million.


RP stocks dip on US economic jitters Stocks edged lower on Thursday as fresh concerns on the U.S. economy rekindled global risk aversion.


Oil mixed in Asian trade SINGAPORE – Oil prices were mixed in range-bound Asian trade Thursday, with sentiment weighed down by slower energy demand in the United States and weaker Asian stock markets.