- Federico Pascual points out something I didn’t know about the Masinloc auction. The government lowered the down payment requirement from the 40% that YNN failed to make to 20% only. That’s a nice boost to the buyer’s expected return on equity and the government treasury takes a corresponding hit to it’s “return.”
- Napocor President del Callar clarifies, per a GMA News report, that the cloud seeding was intended not to raise water levels in the dams but instead to lower the atmosphere’s temperature.
- Tony Lopez of the Manila Times with some insights on Transco, and San Miguel going to where the money is.
- SunPower will be dedicating its new fabrication plant in Batangas this Monday.
Update: It looks like Federico Pascual got it wrong. PSALM here is talking about the 40% down payment.