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Mindanao projected to need 10,200 MW additional capacity by 2040

DAVAO CITY — Energy officials said more investors are needed in the power supply sector, particularly for Mindanao, to meet the island’s projected 10,200-megawatt (MW) additional capacity requirement by 2040. The post Mindanao projected to need 10,200 MW additional capacity by 2040 appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineOct 12th, 2018

5,000 MW capacity projected for Mindanao grid by 2030

DAVAO CITY -- An additional power supply of about 3,000 megawatts (MW) is projected to be required by the Mindanao grid by 2030, according to Mindanao Development Authority (MinDA) Assistant Secretary Romeo M. Montenegro......»»

Category: financeSource:  bworldonlineRelated NewsJul 16th, 2018

Mindanao needs additional 300 MW annually starting 2022, says power firm official

DAVAO CITY (MindaNews/ 17 December) – At least 300 megawatts (MW) of additional capacity must be added to the Mindanao grid annually starting 2022 to meet the growing demand for power on the back of several ongoing developments taking place in the island, an official of the Aboitiz Equity Ventures (AEV) said on Monday. Milan, […].....»»

Category: newsSource:  mindanewsRelated NewsDec 17th, 2018

Economy: Mindanao power sources through 2030 readied

MINDANAO needs at least 150 megawatts (MW) of additional capacity yearly until 2030 to meet rising demand from electricity consumers as the government lines up infrastructure projects on the southern island, the lead entity promoting its development said......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2016

Globe Customers in VISMIN Now Enjoy Additional Data Capacity for Faster Mobile Internet

Customers of Globe Telecom in Visayas and Mindanao stand to benefit from the accelerated deployment of its additional allocation in the 2600 megahertz band as the company continues to step up its capacity-enhancement initiative to...The post Globe Custome.....»»

Category: newsSource:  metrocebuRelated NewsJul 23rd, 2016

New law to increase SSS contributions

President Rodrigo Duterte has signed the Social Security System (SSS) Rationalization Act to allow the SSS to improve its investing capacity and generate more revenue for members and pensioners.   It provided for a gradual increase in monthly contributions to make it 15 percent by 2025 from the current 11 percent.   It also allowed the gradual adjustment of minimum and maximum monthly salary credits.   The increased contributions would start this year.   SSS president and chief executive Emmanuel F. Dooc said the additional collection would replenish the SSS fund in six years.   Dooc said the SSS would immediately craft the law's imp...Keep on reading: New law to increase SSS contributions.....»»

Category: newsSource:  inquirerRelated NewsFeb 17th, 2019

Normin needs 105,000 skilled workers in next 5 years

If plans push through, Region 10 will soon fulfill its vision as the Industrial Corridor of Mindanao. Based on the projections of nine registered projects in the Board of Investments for 2018 alone, Northern Mindanao (Region 10) will see the establishment of 6 mega projects totaling P232.7-billion that’s projected to generate some 14,184 jobs over the next three years......»»

Category: newsSource:  kagay_anRelated NewsFeb 1st, 2019

Cavaliers Nance Jr. sidelined 2-4 weeks with MCL sprain

Cleveland Cavaliers press release Cavaliers forward Larry Nance Jr. is currently projected to miss 2-4 weeks with a right knee MCL sprain. Nance was injured in Tuesday night’s (Wednesday, PHL time) game at Quicken Loans Arena against the Indiana Pacers in the first quarter and did not return to action. Additional evaluation and an MRI today confirmed the sprain. He will now undergo a period of treatment and rehabilitation. His status will be updated as appropriate......»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2019

Honeylet, Kitty eye investments in Marawi bonds

Next year's issuance of the first tranche of the "Marawi bonds" meant to raise additional funding to rebuild the war-torn city in Mindanao will get a big boost, thanks to the participation of the President's common-law wife and their daughter. Finance Secretary Carlos Dominguez III told reporters last Friday he "asked Ms. Honeylet [Avancea] and Veronica to invest some of their savings in Marawi bonds, which will soon be available to retail investors online." Dominguez met with Avancea and her daughter, also known as Kitty, last Thursday when they visited the historical Ayuntamiento de Manila in Intramuros, which also houses the offices of the Bureau of the Treasury. Finance Assi...Keep on reading: Honeylet, Kitty eye investments in Marawi bonds.....»»

Category: newsSource:  inquirerRelated NewsDec 31st, 2018

Mindanao needs more power plants to sustain growth

DAVAO CITY, Dec. 18 (PIA) - Mindanao, with its growing economy needs additional power plants in the next three years, according to Davao City Chamber of Commerce and Industries Inc. President Art M.....»»

Category: newsSource:  manilanewsRelated NewsDec 20th, 2018

Mindanao needs more power plants to sustain growth

DAVAO CITY, Dec. 18 (PIA) - Mindanao, with its growing economy needs additional power plants in the next three years, according to Davao City Chamber of Commerce and Industries Inc. President Art M.....»»

Category: newsSource:  philippinetimesRelated NewsDec 20th, 2018

Cement imports imperil 42,000 Filipino jobs

Local cement manufacturers are poised to employ some 400,000 Filipinos, directly and indirectly, by 2030 should a favorable business environment and enough government support allow it to sustain growth. Based on data from the Cement Manufacturers' Association of the Philippines (CeMAP), the projected labor requirement comes from various capacity expansion programs of manufacturers both incumbent and new. "Increasing domestic demand for cement is due mostly to both private sector construction and government infrastructure programs. This has led local manufacturers to add capacity to meet expected increase in nationwide cement demand. CeMAP's estimate is that for every one million tons...Keep on reading: Cement imports imperil 42,000 Filipino jobs.....»»

Category: newsSource:  inquirerRelated NewsDec 18th, 2018

DOST-SEI expands membership of CBPSME

MORE applicants from different parts of the country will soon avail of the graduate scholarship programs in science and mathematics education of the Department of Science and Technology – Science Education Institute (DOST-SEI) as it forges a new cooperation agreement with additional higher education institutions (HEIs) strategically located in Luzon, Visayas, and Mindanao. A Memorandum […] The post DOST-SEI expands membership of CBPSME appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 14th, 2018

Eovaldi agrees to $68 million, 4-year deal with Red Sox

By Kyle Hightower, Associated Press BOSTON (AP) — Nathan Eovaldi’s marathon relief performance in Game 3 of the World Series is a moment that will resonate in Red Sox history. Boston rewarded him with a $68 million, four-year contract. “We’re very happy to have Nathan back with us,” Red Sox president of baseball operations Dave Dombrowski said in a statement as the deal was announced Thursday. “He did a tremendous job for us last season, playing a significant role in helping us win the division and the World Series. His performance in the postseason was outstanding, both as a starting pitcher and as a reliever.” A 28-year-old right-hander who has had a pair of Tommy John surgeries, Eovaldi was acquired by Boston from Tampa Bay on July 25. He went 3-3 with a 3.33 ERA down the stretch. He made four starts against the Yankees, going 2-0 with a 0.39 ERA, and beat the New York in Game 3 of the AL Division Series, when he gave up one run in seven innings. In six postseason appearances, including two starts, Eovaldi went 2-1 with a 1.61 ERA, a .185 opponent’s batting average, 16 strikeouts, and three walks Eovaldi pitched one inning of relief in each of the first two games of the World Series against the Los Angeles Dodgers. He entered Game 3 in the 12th inning and threw 97 pitches over six-plus innings, preventing the bullpen from enduring additional stress. Boston lost the game when Eovaldi surrendered an 18th-inning home run to Max Muncy, but his performance inspired his teammates. Manager Alex Cora credited Eovaldi’s effort with being one of the catalysts that helped Boston win its fourth World Series title in 15 years. At the premiere of the Red Sox’s 2018 season highlight video, Eovaldi got the biggest cheers when his name was mentioned, with the crowd chanting “Bring him back!” “Nobody’s going to remember who won that game. Everybody’s going to remember Nate Eovaldi,” Cora said. Eovaldi is part of a projected starting rotation that includes Chris Sale, David Price, Rick Porcello and Eduardo Rodriguez. Eovaldi had Tommy John surgery in 2007 when he was a junior in high school and his second in August 2016 while with the Yankees. He was let go by New York after the season and signed with Tampa Bay, a deal that guaranteed $2 million in 2017 and included a $2 million option for 2018. He had arthroscopic surgery late in spring training to remove loose bodies in his pitching elbow and did not make his season debut until May 30 — his first major league game since Aug. 10, 2016. Boston earlier reached a $6.25 million, one-year contract with first baseman Steve Pearce, the World Series MVP. Remaining unsigned players who became free agents after winning the Series include closer Craig Kimbrel, left-hander Drew Pomeranz, right-hander Joe Kelly and second basemen Brandon Phillips and Ian Kinsler......»»

Category: sportsSource:  abscbnRelated NewsDec 7th, 2018

D& L Industries to spend P8B for new production facility | Inquirer Business

Food and plastic input manufacturer D&L Industries has earmarked P8 billion to build a new production hub in a special economic zone in Tanauan, Batangas, creating additional capacity to meet growing Source link link: D&L Industries to spend P8B for new production facility | Inquirer Business.....»»

Category: newsSource:  manilainformerRelated NewsDec 3rd, 2018

D& L Industries to spend P8B for new production facility | Inquirer Business

Food and plastic input manufacturer D&L Industries has earmarked P8 billion to build a new production hub in a special economic zone in Tanauan, Batangas, creating additional capacity to meet growing.....»»

Category: newsSource:  philippinetimesRelated NewsDec 3rd, 2018

U.S. commits P595M more for Mindanao development programs

MANILA, Philippines – The United States government committed to provide an additional P595 million worth of assistance to economic, infrastructure, governance, and peace programs in Mindanao. In a statement Thursday, November 15, the US said this brings to over P7 billion, total contributions to development aid in the Mindanao region. The ........»»

Category: newsSource:  rapplerRelated NewsNov 16th, 2018

Major rehab on Agus-Pulangui hydroelectric plants to start next year

DAVAO CITY (MindaNews / 25 Oct) -– A full-scale rehabilitation of the Agus-Pulangui Hydroelectric Power Complex will commence next year to increase the decades-old plants’ capacity factor by more than 80%, Mindanao Development Authority (MinDA) executive director Romeo Montenegro said on Wednesday. Montenegro also told “Wednesday’s Habi at Kape”  that government has ruled out the possibility […].....»»

Category: newsSource:  mindanewsRelated NewsOct 25th, 2018

Low projected Dubai oil prices no reason to stick with excise taxes - Magdalo

The downward trend of the Dubai crude oil's price is not enough reason to stop suspending the additional excise taxes on oil products by 2019, the Magdalo party-list said on Thursday. 'Ju.....»»

Category: newsSource:  philippinetimesRelated NewsOct 19th, 2018

Mindanao Art Caravan kicks off ManilArt 2018

Art Caravan, which traditionally kickstarts the annual ManilArt Fair, has toured Mindanao and just ended its Davao City leg. The 10th edition of ManilArt will be mounted next month at SM Aura. Led by ManilArt Fair director Tess Rayos del Sol and ManilArt Foundation head Amy Loste, the art caravan held several roundtable sessions with local artists led by renowned Mindanao sculptor-painter Kublai Millan. "Mindanao has been my teacher and my playground," said Millan, whose art is heavily informed by Mindanao culture. "The feel of Mindanawon art is unique. What is projected are the patterns, designs, and music." Millan's works are ubiquitous and could be seen across the Dava...Keep on reading: Mindanao Art Caravan kicks off ManilArt 2018.....»»

Category: newsSource:  inquirerRelated NewsSep 30th, 2018

Pagasa: ‘Paeng’ to speed up before exit on Saturday

  Typhoon "Paeng" (international name: Trami) is expected to speed up in the next 24 hours until its projected exit from the Philippine area of responsibility (PAR) on Saturday afternoon, the state weather bureau said.   As of Thursday, the typhoon continued to move northward slowly, the Philippine Atmospheric Geophysical and Astronomical Services Administration (Pagasa) said.   "Paeng" was spotted 750 kilometers east of Basco, Batanes, with maximum sustained winds of 160 kilometers per hour (kph) near the center and gusts of up to 195 kph.   Zamboanga Peninsula, Northern Mindanao and Caraga region will have cloudy skies with scattered rains a...Keep on reading: Pagasa: ‘Paeng’ to speed up before exit on Saturday.....»»

Category: newsSource:  inquirerRelated NewsSep 27th, 2018