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Increasing demand for electric vehicles

The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»

Category: newsSource:  sunstarRelated NewsJan 16th, 2024

Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey

New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

PSAC affirms commitment to public-private collaboration

The Private Sector Advisory Council is ramping up efforts to foster economic growth and poverty reduction through collaboration between governments and the private sector......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

Employers’ group asks President Marcos: Veto P100 wage hike law

President Marcos should veto a proposed measure legislating a P100 daily across-the-board increase for the private sector as there is no way that small businesses can comply with the legislated wage hike, Employers Confederation of the Philippines (ECOP) chairman Sergio Ortiz-Luis Jr. said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 16th, 2024

‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand

‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand.....»»

Category: newsSource:  sunstarRelated NewsApr 1st, 2024

NEGOCC CONTINUES BAN | Mayor allows entry of pork to Bacolod to address growing demand

NEGOCC CONTINUES BAN | Mayor allows entry of pork to Bacolod to address growing demand.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Philippines, Indonesia seek to strengthen cooperation for energy security

MANILA, Jan. 10 (Xinhua) -- The Philippines and Indonesia on Wednesday agreed to strengthen energy cooperation to safeguard energy security. Energy ministers of the two countries signed a memorandum of understanding (MOU) on energy cooperation at the presidential palace in Manila, where Indonesian President Joko Widodo was received by his Philippine counterpart Ferdinand Romualdez Marcos. Widodo arrived i.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

IFC investing $500 million to address Philippines development challenges

The private sector arm of the World Bank Group is aiming to invest up to $500 million in the current fiscal year in the Philippines to support efforts to address climate change, financial inclusion and infrastructure development......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

DOLE eyes better relations with private sector to increase quality jobs

DOLE eyes better relations with private sector to increase quality jobs.....»»

Category: newsSource:  sunstarRelated NewsApr 14th, 2024

Philippines private sector sets trade visit to Malaysia

A private sector-led initiative to collaborate with Malaysian agriculture companies is set for this coming April 23 to 24, 2024......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

Group lauds government action on nurse shortage

Various public-private programs of the government have addressed the shortage of nurses in the country, according to the Private Sector Advisory Council-Healthcare Sector Group, calling it a “quick win” for the government......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

RTWPB-XI to conduct public hearing on minimum wage adjustment for private sector, domestic workers

RTWPB-XI to conduct public hearing on minimum wage adjustment for private sector, domestic workers.....»»

Category: newsSource:  sunstarRelated NewsJan 26th, 2024

Policies to address ecological impact of RE urged

A group of international and Philippine-based think tanks and civil society organizations is calling for stronger collaboration across the renewable energy sector to integrate policies and practices that will allow the sector to respond responsibly to its ecological and social impacts......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2024

Man asks family to visit him after being arrested with another person for gathering firewood

Man asks family to visit him after being arrested with another person for gathering firewood.....»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

MPUV operator asks city council for help

MPUV operator asks city council for help.....»»

Category: newsSource:  sunstarRelated NewsFeb 11th, 2024

COMMENTARY | Strategies for powering progress: The Visayas energy imperative 

As one of the country's major urban centers, Cebu City's demand for energy has surged, driven by a growing population, an expanding industrial sector, and a thriving tourism industry. Beneath its busy streets and growing economy lies the critical challenge of the urgent need for increased power generation capacity. .....»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

COMMENTARY | Strategies for powering progress: The Visayas energy imperative 

As one of the country's major urban centers, Cebu City's demand for energy has surged, driven by a growing population, an expanding industrial sector, and a thriving tourism industry. Beneath its busy streets and growing economy lies the critical challenge of the urgent need for increased power generation capacity. .....»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

Marcos to new PNP chief Marbil: Address terrorism, cybercrime

MANILA, Philippines — President Ferdinand Marcos Jr. on Monday directed newly appointed Philippine National Police (PNP) chief Major General Rommel Francisco Marbil to help the government address emerging threats to the country’s peace and order. During a ceremony for the PNP change of command held in Camp Crame, Quezon City, Marcos told Marbil: “You have.....»»

Category: newsSource:  inquirerRelated NewsApr 1st, 2024

NBA: Warriors win against Magic despite Green ejection

The Golden State Warriors, fueled by 23 points from Andrew Wiggins and two late baskets by Stephen Curry, beat the Magic 101-93 in Orlando, despite the ejection of Draymond Green just 3 minutes 36 seconds into the contest. Curry was left shaking his head when Green was tossed, receiving two quick technical fouls for heatedly.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

Almost P1.2 trillion investments approved for green lane processing – BOI

Nearly P1.2 trillion worth of strategic investment projects have been approved for green lane processing since the approval of the executive order on the establishment of green lanes services, according to the Board of Investments......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024