1. SOLAR Philippines challenged the price offer of First NatGas Power Corp. to supply the Manila Electric Co. (Meralco) from the Lopez-led firm’s San Gabriel 414-megawatt (MW) gas power plant.
Solar Philippines offered P2.99 per KPH.
Notes: Will FGEN suceed for the power supply contract? competitive selection process (CSP) has a rule "the fuel for the generation of the ‘price challenger’ must be the same as the ‘original power supplier". But...looks like DOE and Senate want to remove this provision to promote more competition.
Notes: If it's removed, a lot of ongoing power plant projects might be challenged.
2. M3 which is the broadest indicator of money in an economy, expanded by 11.9% to P10.6 trillion last month. Loans extended to the electricity, gas, steam and air-conditioning supply sector surged by 25.4% to post the biggest increase during the month. Consumer lending also eased further to 17.2% in December, coming from a 20.6%. This came as the grant of salary-based and car loans decelerated
.Notes: Slowed but still growing...and looks like it will grow more along with the buildbuildbuild. I believe the Philippine economy will climb up one level. Macro is not bad but...how bout each stock? hmmm.