NSC bidders must put up P1-B bond.
Proponents for the lease, rehabilitation and operation of the moribund National Steel Corp. (NSC) are required to put up P1 billion in cash and guarantee bond to ensure they have adequate financial capability to sustain the huge financial requirements in putting the steel plant back into operation. ...

Hearings going nowhere?
ON THE matter of Bobong Velez?s involvement in the PBA television coverage, at least now we?re clear that he?s only renting out his equipment ? OB van, cameras and all ? to NBN-4. That?s what the former PBA television franchise holder told us when we talked the...

PBA certain to have new TV broadcaster next year.
Byline: dodo catacutan jr. ABC 5 and ABS-CBN-owned Studio 23 have expressed interest in acquiring the television rights of Philippine Basketball Association games, giving the pro league two fresh options with the imminent termination of its broadcast ties with NBN-4. Sources said league officials are...

RP faces serious power shortage by 2010.
Byline: MARIO B. CASAYURAN Senator Edgardo J. Angara, president of the opposition Laban ng Demokratikong Pilipino (LDP), advised the Arroyo administration to act fast on the establishment of power plants to produce and cover the estimated power shortage of 7,500 megawatts by the year 2010. ...

PSALM willing to rebid Masinloc; If winner fails to deliver.
Byline: MYRNA M. VELASCO The Power Sector Assets and Liabilities Management Corporation (PSALM) is inclined to rebid the 600-megawatt Masinloc coal-fired power facility if the winning bidder fails to deliver on the upfront cash payment and other requirements as prescribed under the transaction agreement. PSALM...

UO, OSU consider bowl options.
Byline: BOB CLARK The Register-Guard Oregon's postseason options are seemingly down to the Silicon Valley Classic and the Seattle Bowl, but Oregon State has four options for its holiday destination. By finishing eighth in the Pac-10, the Ducks (7-5 overall, 3-5 in the conference) can't...

Singapore Power, RWE eyeing Transco.
Byline: MYRNA M. VELASCO The two foreign investors currently doing advanced due diligence activities on the National Transmission Corporation (Transco) have been identified as Singapore Power International Pte Ltd (SPI) and RWE AG, a leading European energy and utility company which is based in Essen, Germany. ...

NEWS IN BRIEF; Peso closes at P52.88.
The peso closed higher at P52.88 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P53.25 last Friday. The weighted average rate appreciated to P53.003 from P53.225. Total volume amounted to $115 million. ADB calls off Istanbul meet...

BOI adjusts reckoning period for tax perks of tollway builder.
The management committeelevel of the Board of Investments (BOI) has approved the request of the Manila North Tollways Corp. (MNTC) to adjust the reckoning period for its income tax holiday (ITH) availment following the three-year delay of the project's expected commercial operation. Based on its petition with...

IMF, WB, gov't accept Tan's offer; Sole PNB bidder.
The International Monetary Fund (IMF) and the World Bank (WB) affirmed the final privatization program of Philippine National Bank (PNB) as the government bidding committee accepted and recommended for approval the sole bid of P6.267 billion submitted by Starbuck Equities Corp., a firm registered last April with a capitalization...