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(Eagle News) — The Palace on Friday welcomed Philippine Airlines’ settlement of its P6 billion in unpaid dues. Presidential Spokesperson Harry Roque said in a statement that the paid amount which represents debt incurred by PAL from the 1970s to July 2017 will be used for the government’s “priority programs.” “The conclusion of this long-standing issue under the Duterte administration underscores our strong commitment to decisively act on matters that would greatly benefit the nation’s best […]
The government must spend more than 6 billion pesos to provide for the additional 300 megawatts capacity. According to House Energy Committee Chairman Reynaldo Umali, each 100 megawatts is valued at 1 billion pesos. But the price would double since the government will have to enter a two-year contract since no business entity will enter into a short-term contract with the government. The contracting of additional power capacity is the last resort of the emergency […]
