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PSALM expects P100 billion from CBK privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) is expected to generate as much as P100 billon from the privatization of the 796.46-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna, bolstering the cash position of the cash-strapped state firm......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Five ways Metro Manila can be made a better city
Metro Manila is forecast to become a global power city, but that development is challenged by rapid urbanization. The UN Habitat sees climate change, inequality, poverty and other social problems arising from poorly managed cities. Is there a way out of Metro Manila’s problems? Architect and urban designer Chintan Raveshia and urban planner and sustainability consultant Tony Chan of Singapore-based Arup stress that urban development should also consider people’s aspirations, their changing needs and expectations, and the collective identity of the residents. Raveshia says stakeholders should first ask themselves the most fundamental question: “What’s the identity of the city and how do we make its residents proud?” As an example, “Singapore, a city high on everyone’s liveability list, is also working with citizens and grassroots organizations to inculcate a sense of ‘lovability’ for the city. This helps to strengthen societal bonds, increase equity, improve community safety, and exude pride and a feeling of ownership of the city among the residents.” Chan believes that successful sustainable urban development goes hand in hand with the capability to enhance people’s quality of life. “We must develop and harness models of development that have low-carbon targets, that are also just, secure and enhances the quality of life for all residents.” If Singapore reclaims lands for more affordable housing and Melbourne builds accessible green spaces to promote social interaction, for instance, what plans would likewise best fit Metro Manila’s sustainable and livable future while maintaining its identity? Here are five ways the country’s main political and economic hub can be made much better for its residents. Greater accessibility for all. While Metro Manila is the Philippines’ major economic driver, accounting for 32 percent of the country’s gross domestic product, it’s often challenged in sustaining accessible living conditions for residents across all social classes. The UK-based The Economist Intelligence Unit ranked Metro Manila 105th out of 139 cities in the Global Liveability Index 2022. The increasing population density in Metro Manila has resulted in traffic gridlock, scarce open spaces, high carbon footprint, unaffordable housing and unequal income opportunities. Urban planners and developers suggest mixed-use planning in the metropolis and coastal developments where residents across all walks of life are can live healthy, affordable and sustainable lifestyles, with residential, commercial and office spaces integrated within a single development. Green open spaces. Despite land scarcity, Singapore manages to be one of the greenest cities in the world with over 400 parks, more than 3,300 hectares of nature reserve and over 300 kilometers of park connector network. Studies shows that Metro Manila has only 5 square meters of green space available per person, a number well below the 9 square meters set by the World Health Organization.COVID-19 had the entire world reassess their health conditions, lifestyle practices and environmental situations. The impact was even more drastic in Metro Manila due to population density, crowded spaces and insufficient parks and open areas. Aside from improving air quality and enhancing biodiversity, green spaces also moderate temperatures during the warm season. Enhanced human health and wellbeing. Cities with sufficient healthcare facilities, access to health coverage and infrastructure that enhance well-being and promote a healthy lifestyle produce prosperous societies. The way cities are planned, designed and executed has a crucial impact on how people live. While there is evident progress in Metro Manila’s health sector, rapid urbanization continues to pose risks in communities due to overcrowded neighborhoods, vehicular emissions, heavy traffic, pollution and flood-prone areas. Resilient communities. Resilience is the capacity of individuals, communities and systems to adapt, survive and grow in the face of stress and shocks, and even transform when conditions require it. The Philippines is among the top 10 countries in the world most affected by climate change in the past 20 years, according to the Global Climate Risk Index. Well-planned and executed urban designs have the power to build safe and resilient communities against that danger. Infrastructure like proper bike lanes and walkable streets ensure residents’ safety, accessibility and comfort, while science and technology-based solutions can build flexible structures, multi-use systems and technologies that can help residents adapt and prepare for changing conditions. [caption id="attachment_122966" align="aligncenter" width="908"] Melbourne is considered one of the most liveable cities in the planet.[/caption] Competitive city. In 2022, Singapore placed 3rd in the World Competitiveness Ranking. This small country in Asia even placed first in 2019 and 2020. Metro Manila is one of Asia’s premier regions. As the country’s engine growth driver, it can further step up by following global models like Singapore, Melbourne and Hong Kong, which created integrated cities and coastal developments that ushered in a vibrant economy and better urban lifestyles. A similar endeavor for Metro Manila can increase opportunities for jobs, education, tourism, infrastructure and the overall economy. When all stakeholders are listened to and addressed, communities are energized, especially when their participation is harnessed for well-designed and master-planned and -implemented developments. This assures more inclusive growth for residents, making the urban landscape an extension of their home. When a city embraces its history, celebrates its milestones, innovates and adopts for the future and, most importantly, nurtures its residents and responds to their aspirations, it is a city working toward competitiveness and unlocking future potential. The post Five ways Metro Manila can be made a better city appeared first on Daily Tribune......»»
Baltimore bridge accident: Freighter pilot called for tugboat help before plowing into bridge
BALTIMORE — The pilot of the cargo freighter had radioed for tugboat help and reported a power loss minutes before the Baltimore bridge accident, federal safety officials said on Wednesday, citing audio from the ship’s “black box” data recorder. The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a.....»»
Iloilo City fish vendor arrested; P4 Million shabu seized
Iloilo City fish vendor arrested; P4 Million shabu seized.....»»
Squirrel involved in power outage provided shelter and care by More Power
Squirrel involved in power outage provided shelter and care by More Power.....»»
Money lending firm collector killed in Zamboanga del Sur ambush
Gunmen killed a collector of a local money lending firm in a daytime ambush in Barangay Lutlutan in Dimataling town, Zamboanga del Sur on Wednesday......»»
PLDT, Smart named among world’s leading employers
PLDT Inc. and its wireless unit Smart Communications Inc. have been named among the Top One Percent of Leading Employers of 2023 by German firm Institute of Research and Data Aggregation......»»
Jollibee invests $28 million in beverage tech firm
Filipino-owned Asian food conglomerate Jollibee Foods Corp. is investing $28 million for a 10 percent stake in beverage technology company Botrista Inc. to support the growth of its coffee and tea business......»»
Mayor Uy posts cryptic messages amid Igacos power problems
ISLAND Garden City of Samal (Igacos) Mayor Al David Uy posted cryptic messages regarding the power crisis in Igacos......»»
Trending tickers: Trump Media, Tesla, Bitcoin and DS Smith
Former US president Donald Trump’s media firm, Trump Media & Technology Group, had a successful stock market debut in New York, with shares soaring past.....»»
Power fluctuations hit NAIA
Passengers sweltered as power fluctuations hit the Ninoy Aquino International Airport Terminal 2 at around 10 a.m. yesterday......»»
Aboitiz Power Corporation to hold Annual Stockholders Meeting
Notice is hereby given that the Annual Meeting of the Stockholders of ABOITIZ POWER CORPORATION (the "Company") will be held on April 22, 2024, Monday at 9:30 a.m. (the "2024 ASM")......»»
State of calamity declared in Iloilo due to pertussis
Iloilo City was placed under a state of calamity yesterday due to an outbreak of pertussis......»»
Cargo ship lost power and issued mayday before hitting Baltimore s bridge, governor says
Cargo ship lost power and issued mayday before hitting Baltimore s bridge, governor says.....»»
One more city in Philippines declares pertussis outbreak
MANILA, March 25 (Xinhua) -- The government of Iloilo, a city in central Philippines, on Monday declared an outbreak of pertussis after it confirmed seven out of 15 reported cases, the City Disaster Risk Reduction and Management Council said. Iloilo is the third city to declare an outbreak of pertussis, or whopping cough, after Quezon and Pasig, two cities in the capital region, announced last week that they hav.....»»
Marcos admin eyes building 20 new dams by 2028
To meet the country’s growing demand for water and power, the government is eyeing to build 20 medium and three to five large dams by 2028, the end of President Marcos’ term, according to National Irrigation Administration head Eduardo Guillen......»»
Niña Jose nag-sorry, maraming natutunan matapos mag-viral
MARAMING natutunan ang dating “Pinoy Big Brother” housemate at alkalde ng Bayambang, Pangasinan na si Niña Jose matapos siyang mag-trending sa social media kamakailan. “The power of social media is so scary, we have to be truly careful sa mga binibitiwan nating salita,” ito ang natutunan niya tungkol sa viral video na kumalat tungkol sa.....»»
Iloilo City declares state of calamity due to pertussis outbreak
Iloilo City declares state of calamity due to pertussis outbreak.....»»
Aboitiz Power Corporation: Notice of Annual Meeting of Stockholders
Notice is hereby given that the Annual Meeting of the Stockholders of ABOITIZ POWER CORPORATION (the "Company") will be held on April 22, 2024, Monday at 9:30 a.m. (the "2024 ASM")......»»