The rules additionally require that programs include a sworn Certification of Non-Forum Shopping which would incorporate, among others, a declaration that the applicant has now not started out any motion or filed any declare involving the equal problems in any other court, tribunal or quasi-judicial enterprise.

The ERC’s ruling was contained in separate orders issued to the following involved candidates: (1) Biliran Island Electric Cooperative, Inc. (Bileco) & GNPD; (2) La Union Electric Company, Inc. (Lueco) & GNPD; (3) Cotabato Electric Cooperative, Inc. (Cotelco) & WMPC; (4) Camarines Sur IV Electric Cooperative, Inc.
(Casureco IV) & ULGEI; (five) Cebu I Electric Cooperative, Inc. (Cebeco I) & MPGC; (6) Davao Del Norte Electric Cooperative, Inc. (Daneco) & SMCPC; (7) Siargao Island Electric Cooperative, Inc. (Siarelco) & SMCPC; (8) Cebu II Electric Cooperative, Inc. (Cebeco II) & MPGC; (9) Misamis Oriental I Electric Cooperative, Inc. (Moresco I) & SMCPC; (10) Zamboanga Del Sur I Electric Cooperative, Inc. (Zamsureco I) & SMCPC; and (11) Nueva Vizcaya Electric Cooperative, Inc. (Nuvelco) & SMEC.

THE Energy Regulatory Commission (ERC) stated on Friday that it rejected eleven applications for the approval of Power Supply Agreements (PSA) due to the fact they have been determined to be legally defective.

The 11 programs failed to meet the necessities for Verification and Certification of Non-Forum Shopping and were therefore deemed legally defective.

“The ERC, being a quasi-judicial enterprise, is responsibility-certain to ensure that candidates and petitioners doing commercial enterprise in its regulated subject act with truthfulness and diligence in the filing of their pleadings,” ERC chairman and CEO Jose Vicente B. Salazar said.

Pursuant to the ERC’s 2006 Rules of Practice and Procedure, programs for the approval of contracts ought to be followed by a verification declaring that the affiant has read the pleading and that the allegations therein are authentic and correct primarily based on his non-public information or based on actual information.

The disclosure to the PSE also mentioned that SLI’s board of administrators has already accredited a total of four.18 million square meters of joint venture agreements and three.Sixty five million square meters of land acquisitions for year 2016 up to now, and that these new tasks may have a widespread element allotted for industrial development.

“We will leverage our understanding in retail, mall control and inns operations as we make bigger our commercial property portfolio to complement our residential traits,” SLI Executive Vice President and Chief Financial Officer David M. Dela Cruz stated in a statement. “We would like to peer a sales mix of 60 percent real property sales to forty percent recurring income inside the subsequent to 3 years.”

The Greenmeadows challenge in Iloilo is generally a residential network, which SLI describes as Iloilo’s first residential lake network, but could have 7,084 square of its total 172 hectare place set aside for industrial use.

SLI additionally announced two new initiatives in Davao. The first, called Ponte Verde, is a 28.5-hectare residential community positioned across from the Davao International Airport, and could have a place of 31,402 sq. Earmarked for business use.

The second, larger assignment is the Davao Riverfront Business Park, a grasp-planned community comprising a forty five-hectare business park, a ten-hectare residential subdivision, and a 5-hectare tourism center. Within the 60-hectare vicinity, principal vacationer attractions like the Crocodile Park, Davao Butterfly House, and Tribu K’ Mindanawan Cultural Village may be found. The area is likewise home to St. Paul’s College–one among Davao’s top-rated faculties, and Rancho Palos Verdes Sports and Country Club–Mindanao’s first one-prevent sports and endeavor spot for the entire circle of relatives.

SLI identified five initiatives that the brand new business commercial enterprise unit could initially deal with. Two of those, the Sta. Lucia Business Center in Pasig City and the Neopolitan Business Park in Fairview, Quezon City, were already introduced via the corporation in advance within the month, as become the Greenmeadows residential network in Iloilo.

The Sta. Lucia Business Center is a proposed commercial 6-tale constructing on a 3,955 sq. Belongings which will be leased out to offices and industrial retail establishments. It will placed alongside the lay-by means of connecting to the LRT Line 2 extension to be able to substantially ease site visitors congestion in the area as soon as completed and operational, and on the equal time offer comfort for commuters as a transit factor to Cainta, Taytay and Pasig City.

Likewise, 22-hectare Neopolitan Business Park in Fairview, Quezon City can be positioned near the website online of one of the destiny stations of the MRT Line 7.

The Sta. Lucia East Grand Mall in Cainta, Rizal. The property improvement corporation has announced that it has fashioned a industrial business unit to enlarge its business developments, eyeing a 60-40 sales mix between residential income and recurring industrial belongings income in the subsequent to three years. SLI PHOTO
PROPERTY developer Sta. Lucia Land Inc. (SLI) has shaped a industrial business unit to deal with improvement of contemporary and future commercial projects, the employer introduced in a disclosure to the Philippine Stock Exchange (PSE).

Projects to be spearheaded with the aid of the new unit consist of office areas, retail and mall traits, industrial trends, institutions including faculties, and tourism and leisure belongings.

“The primary goals of the Group could be to increase ordinary income and improve property values both through assignment improvement or via lease profits. It can also be assisting the efforts of the Company in terms of land banking, business development and grasp making plans,” the organization said in its assertion to the PSE.

Now, you may ask the perennial question – whilst you try to squeeze water out of the worker’s towel, might you want money to inspire them? My answer is a large “NO.” Not always. In truth, it is the worst shape of motivation. Instead, what I locate maximum rewarding to people is the pleasure of workmanship, however no longer until your competitor discovers its expiry date and starts to pirate your most valued people.

Rey Elbo is a enterprise consultant that specialize in human assets and general first-rate management as a fused interest. Send comments to elbonomics@gmail.Com or observe him on Facebook, LinkedIn, or Twitter for his random thoughts.
The Sta. Lucia East Grand Mall in Cainta, Rizal. The property development organization has announced that it has formed a business enterprise unit to enlarge its business tendencies, eyeing a 60-40 revenue mix between residential sales and ordinary industrial assets income inside the next two to three years. SLI PHOTO

The business enterprise has set a capital expenditure application of P87.6 billion for 2017 to fund its residential tasks (P40.7 billion), malls (P11.8 billion), land acquisition tasks (P10.6 billion), office towers (P9.2 billion), township property development (P5.Five billion), and hotels (P4.Nine billion). The stability will be for different corporate purposes.

ALI pronounced net income of P20.Nine billion in 2016 and consolidated sales of P124.6 billion. The employer is worried in assets improvement, industrial leasing, accommodations and lodges, production and assets control of the Ayala Group.

THE country’s biggest enterprise institution urged the expeditious of entirety of the commonplace educate station to link the Light Rail Transit 1 (LRT1), Metro Rail Transit three (MRT3) and the MRT7 rail commuter strains this is anticipated to serve 1.Five million commuters.

“We absolutely assist the MoA [Memorandum of Agreement] finished some of the teach operators of LRT1, MRT3 and MRT7 and the Department of Transportation [DoTr] agreeing to the intersection of EDSA and North Avenue in Quezon City because the area of the commonplace train station,” the Management Association of the Philippiines (MAP) said in a assertion on Wednesday.

The MoA is a widespread step forward within the nearly decade-long impasse in the creation of a vital mass transportation hub in Metro Manila and coming so quickly after the Duterte administration took over, the association added.

The grand critical train station will in the end provide the important link among the closely used MRT3 and LRT1 in addition to join them with the currently approved MRT7, whose creation is ongoing. This hub will serve over 1,000,000 every day commuters within the three teach strains and allow them to switch from one line to some other more with ease.

The new design calls for a greater spacious station with a total ground vicinity of 13,seven hundred square meters compared to the 7,200 rectangular meters inside the 2009 plan which changed into designed to link handiest two train traces.

It may also provide double tracks for both LRT1 and MRT3 for reliability and efficiency of their operations. Necessarily, the new design will price more.

“We agree that the grand not unusual station to serve commuters in all educate lines—LRT1, MRT3 and MRT7—will be undertaken with the aid of the government via the DoTr, besides for the respective regions assigned to the private stakeholders and concessionaires. The government, through mission the not unusual station and underwriting its value, might facilitate the implementation of this long delayed mission. By doing so, it’d be a really apt funding of taxpayer budget on a crucial mass transportation facility to serve train commuters,” the affiliation said.

“We believe the venture can be undertaken with transparency and adherence to required bidding guidelines and approaches to relaxed the maximum qualified contractor and excellent feasible fee. We endorse using quicker and much less traffic-disruptive creation method, such as pre-forged concrete sections for the viaduct as utilized in comparable tasks abroad,” MAP added.

“The common station impasse should be subsequently solved. Now that every one stakeholders from the private and non-private sectors have agreed on a solution, all ultimate hindrances should be fast set aside to clean the manner for its speedy execution,” MAP said.

The country wide authorities’s terrific debt increased to a record P8.16 trillion at the stop of February at the back of net issuances of each foreign and neighborhood kingdom-issued securities, information from the Bureau of the Treasury (BTr) showed on Friday.

In a statement, the Treasury bureau said the amount become a five.2-percent or P402.25-billion increase from the P7.76 trillion published at cease-January.

“Of the full debt stock, 33 percent were sourced externally, while sixty seven percent are domestic debt,” it delivered.

Domestic borrowings totaling P5.44 trillion — up 6.4 percentage from the stop-January quantity — accounted for the majority of amazing debt, even as outside debt increased with the aid of 2.Nine percent to P2.Seventy one trillion.

Outstanding debt the year earlier than stood at P7.Forty five trillion, with home and overseas responsibilities at P4.89 trillion and P2.Fifty five trillion, respectively.

The bureau attributed remaining month’s better home responsibilities “to the internet issuances of presidency securities amounting to P326.06 billion.”

This blanketed the successful supplying of three-year retail Treasury bonds well worth P310.8 billion, of which P60.Eight billion turned into used to switch close to-maturing domestic debt.

The BTr traced the increase in outside debt to the impact of forex fluctuations on both dollar- and 1/3-currency-denominated debt amounting to P2.18 billion and P3.80 billion, respectively.

“Net availment of foreign loans introduced P70.19 billion, which incorporates 1.2-billion euro ($1.3 billion) in 3- and nine-yr euro-denominated international bonds and a $one hundred-million IBRD (International Bank for Reconstruction and Development) application mortgage,” it said.

A foreign exchange fee of P50.89 towards the dollar turned into used for the modern records, in comparison with quit-January’s P50.85:$1. The change charge used a year in advance was P51.Seventy six:$1.

Government-assured debt eased from cease-January by way of zero.Eight percentage or P3.Ninety three billion to P484.35 billion at end-February. It changed into up 2.Three percent from the yr-in the past parent.

The month-on-month fall, the bureau said, “changed into because of the net redemption of each local and overseas ensures amounting to P5.30 billion and P0.04 billion, respectively.”

This turned into tempered by way of local and third-currency trading fee fluctuations that elevated the cost of outside ensures by P0.19 billion and P1.22 billion, respectively, it introduced.

Lower tariffs on bird and fish products may want to result in almost P3 billion in ability sales losses for the authorities, a senior Finance department legitimate said.

“For two merchandise (bird and fish) it’s approximately P2.Eight billion,” Finance Undersecretary Gil Beltran told reporters while requested approximately the potential revenue loss if tariffs have been reduced to a uniform five percent.

The better import volumes predicted, but, will offer an offsetting impact.

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“If you don’t 0 out the charge — in case you leave a 3 to 5 percent fee — you may advantage some better volumes. [In turn], we can accumulate more because the volumes will more than make out for the discount,” he explained.

House Speaker Gloria Macapagal Arroyo has reportedly proposed that tariffs on fish imports be reduce to zero as part of efforts to decrease inflation, which hit a brand new 5-yr excessive of 5.7 percentage in July.

Duties on different products such as meat and veggies must also be reduced and legislators have said that this could be completed by an govt order from President Rodrigo Duterte.

Tariffs on those merchandise currently variety from 10 percent to 40 percent.

Last week, Budget Secretary Benjamin Diokno said that financial managers have been “leaning closer to” endorsing a uniform 5-percent cut for corn, fish and meat imports.

Beltran, in the meantime, pointed out that tariffs choices “need to be balanced out.”

“If you want lower expenses for agricultural products you need to lower home safety a bit bit so you need to stability that,” he said.

Public consultations must additionally be performed.

“It’s a balancing act between looking at the level of safety for producers and purchaser hobby,” he stated.

Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo, in the meantime, said it might be “very tough” to estimate how a whole lot of an impact decrease price lists could have on inflation.

“On the balance, if you decrease the tariff, the costs may also pass down however it’s very difficult to quantify,” he informed journalists on the sidelines of a Senate listening to on Thursday.

Guinigundo said one could not declare that lower price lists might have a large impact on inflation due to the fact other deliver elements needed to be considered.

“We recognize that, allow us to say, year-to-date meat products in addition to fish merchandise have one of the highest inflation rates. Now, there are different aspects why those are very excessive apart from probably the level of tariff duties at this factor.”

“So it’s a hard query how tons goes to assist lessen inflation inside the procedure,” he claimed.

Headline inflation has risen to four.Five percentage 12 months up to now, above the 2.0-4.Zero target for 2018. Bangko Sentral statistics confirmed that fish and meat contributed 0.7 percent factor and 0.4 ppt, respectively, to inflation in July.