The employer reported internet earnings of P144 million within the first 1/2 of this 12 months, a 16 percentage boom from the P124 million posted inside the preceding year.
THE National Electrification Administration (NEA) said Friday that it lent a complete of P1.403 billion to forty three electric cooperatives (ECs) from January to August this year to finance their capital expenditure projects and the rehabilitation in their strength distribution systems.
NEA stated that of the entire amount, P399 million turned into prolonged as calamity loans to nine ECs inside the wake of Typhoons Lando and Nona.
A calamity loan has a compensation term of 10 years with a one-12 months grace period and an hobby charge of three.25 percent in keeping with annum, the company stated.
investment attractiveness 