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Moody’s cuts PHL growth forecast

Sovereign credit watcher Moody’s Investors Service downgraded the country’s forecast growth this year to a level even below the government’s target range.

Read more: Moody’s cuts PHL growth forecast

Support grows for P-Noy’s use of emergency powers

ENERGY Secretary Carlos Jericho L. Petilla on Tuesday assured the public that electricity rates will not go up when the government steps in to address the looming power crisis in 2015. This came as policy-makers give their support to Petilla’s suggestion that President Aquino should start using emergency powers to avert the foreseen power crisis next year.

Read more: Support grows for P-Noy’s use of emergency powers

Connector-road project requires Swiss challenge

The Department of Justice has rejected the creation of a joint venture between Metro Pacific Investments Corp. (MPIC) and state-owned Philippine National Construction Corp. (PNCC) to build an P18-billion road-connector project aimed at linking the North and the South Expressways in Luzon, ordering the deal to undergo a competitive challenge. 

Read more: Connector-road project requires Swiss challenge

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