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A Transition Year: The road to WESM run by an independent market operator

Year in review The past year saw some significant strides and historic shifts in the governance and operation of the Wholesale Electricity Spot Market (WESM). In July 2017, the Department of Energy (DoE) designated the PEMC (Philippine Electricity Market Corporation) Transition Committee (PTC) to spearhead the transition of WESM operations from PEMC to an Independent […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Craft beer is model for meat industry, says legendary scientist

By Bloomberg One of the most renowned voices in the world of meat production says there’s a battle taking place for the future of the livestock industry. On the one hand, there are people including Tom Hayes, the outgoing chief executive officer of Tyson Foods Inc., who represents a side of the meat industry that may […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Nike CEO feels `very good and proud’ of Kaepernick campaign

By Bloomberg Nike Inc.’s controversial ad campaign starring Colin Kaepernick debuted three days after the end of the company’s first quarter, but that didn’t stop executives from discussing the impact of the campaign during a first-quarter earnings call. “We feel very good and proud of the work that we’re doing,” Chief Executive Mark Parker said. His […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Saudis shift own oil diet to supply buyers who are shunning Iran

By Bloomberg As impending U.S. sanctions squeeze Iranian oil supplies, top OPEC member Saudi Arabia is changing its own crude diet to meet customer demand for alternative cargoes. The trading arm of state-run producer Saudi Aramco is said to be offering an ultra-light oil known as Khuff condensate, a rarely traded grade that’s typically processed in […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Philippines considers price controls on rice, pork, chicken

By Bloomberg Philippines is “seriously considering” price ceilings for rice, pork and chicken as food prices remain elevated after a typhoon damaged crop output, the country’s trade secretary said. Early data shows farm-gate prices are already falling and the government is waiting to see if traders reduce retail prices correspondingly, Department of Trade and Industry Secretary […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Big brother is creating a two-tier society in China: Adam Minter

By Bloomberg Even for Chinese authorities, who have long tried to limit the influence of foreign media and ideas, last week marked an escalation. In the span of a few days, authorities blocked access to Twitch, the video-game live-streaming platform owned by Amazon.com Inc.; ordered a purge of foreign content from school textbooks; and proposed restricting […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Instagram founders exit Facebook as Zuckerberg tension grows

By Bloomberg The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. The stock dropped 2 percent in pre-market trading Tuesday. Kevin Systrom and Mike Krieger, who have been at the company since Instagram’s acquisition by […].....»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 49 min. ago Related News

Solar Philippines’ 4,550-MW projects set for grid impact study

THE Department of Energy (DoE) has cleared 12 power development projects in August, including six under Solar Philippines Commercial Rooftop Projects, Inc., to conduct a study on their possible impact on the country’s power transmission grid. The post Solar Philippines’ 4,550-MW projects set for grid impact study appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Spoliarium boceto goes for P73M

AFTER ALMOST 14 minutes of back-and-forth bidding, an unnamed phone bidder won ownership of Juan Luna’s boceto for the Spoliarium at a gavel price of P63 million from its starting bid at P25 million at the Important Philippine Art category of the Well-Appointed Life auction on Sept. 22 at the Peninsula Manila. This comes to a whopping P73,584,000 after taxes and the buyer’s premium. The post Spoliarium boceto goes for P73M appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

US chipmaker maintains local spending plan ahead of changes in incentives scheme

CALIFORNIA-BASED chipmaker Maxim Integrated, Inc. is maintaining its capital expenditure program in the country next year despite the semiconductor industry’s concerns over the government’s plan to change its fiscal incentive policies. The post US chipmaker maintains local spending plan ahead of changes in incentives scheme appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

PXP Energy says force majeure lifted from Peru oil exploration block

PXP ENERGY Corp. said an exploration block in Peru in which a subsidiary has participating interest had been removed from its force majeure status after recent changes in the hydrocarbon law in the foreign country. The post PXP Energy says force majeure lifted from Peru oil exploration block appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Airbus flaunts defense aircraft as Philippines plans upgrade

EUROPEAN aircraft manufacturer Airbus is launching new military aircraft and satellite products which it said is fit for the government’s plans to modernize the Philippine Air Force (PAF). The post Airbus flaunts defense aircraft as Philippines plans upgrade appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Tan group beefs up infrastructure capital

LT GROUP, Inc. (LTG) is infusing additional capital to its unit Asia’s Emerging Dragon Corp. (AEDC) to support its foray into infrastructure projects. The post Tan group beefs up infrastructure capital appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Job risks in focus as Senate starts work on 2nd tax reform

THE SENATE Ways and Means committee on Tuesday began discussions on corporate tax reform, zeroing in on potential risk to jobs when the government removes fiscal incentives deemed redundant. The post Job risks in focus as Senate starts work on 2nd tax reform appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Labor chief estimates NCR floor wage hike at no less than P20

BUSINESSES in Metro Manila may have to pay their minimum wage workers at least P20 more per day -- roughly the same increment under the prevailing wage order -- once the National Capital Region (NCR) gets new rates next month, the Labor chief said on Tuesday. The post Labor chief estimates NCR floor wage hike at no less than P20 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Gov’t plans P270-B Q4 borrowing

THE GOVERNMENT plans to borrow P270 billion from the domestic market next quarter through auctions of securities, the Bureau of the Treasury (BTr) announced on Tuesday. The post Gov’t plans P270-B Q4 borrowing appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

Palace moves to boost farm supply

MALACAÑANG has issued four orders, all dated Sept. 21, to help improve supply of agricultural products in the market. The post Palace moves to boost farm supply appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News14 hr. 15 min. ago Related News

US CEO sentiment dips on trade angst

NEW YORK -- Although CEOs for large US companies remain broadly confident on the economy, sentiment took another hit in the third quarter over concerns about US trade confrontations, according to a survey released Monday. The post US CEO sentiment dips on trade angst appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance16 hr. 28 min. ago Related News

Duterte’s approval, trust ratings fall in Pulse Asia’s September poll

PRESIDENT Rodrigo R. Duterte’s trust and approval ratings fell considerably in a September poll by Pulse Asia released on Tuesday. The post Duterte’s approval, trust ratings fall in Pulse Asia’s September poll appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance16 hr. 28 min. ago Related News

ANZ cuts 2018 PHL GDP growth forecast to 6.5%, citing inflation

ANZ Research once more scaled down its growth forecast for the Philippines, citing the volatile global environment coupled with rapid domestic inflation. The post ANZ cuts 2018 PHL GDP growth forecast to 6.5%, citing inflation appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance16 hr. 28 min. ago Related News