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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......»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»
Recto wants pension funds to buy government stake in SCTEX
Finance Secretary Ralph Recto wants the two pension funds to buy the government’s share in toll roads to ensure that the state will not be at a loss......»»
DOE monitoring power situation amid El Niño
Following the Philippine Atmospheric, Geophysical and Astronomical Services Administration’s recent declaration that the warm and dry season has begun, the Department of Energy (DOE) said the country’s power situation is currently being monitored to ensure energy security......»»
Garcia backs DOE’s oil, gas search proposal in Alegria
Garcia backs DOE’s oil, gas search proposal in Alegria.....»»
DOE expects approval of zero-tariff on all EVs this year
The Department of Energy (DOE) is hopeful that the incentives on the importation of electric vehicles (EVs) will be extended to two-wheeled and three-wheeled units this year to help boost EV adoption in the country......»»
DOE official: Grid system in Panay Island stable
DOE official: Grid system in Panay Island stable.....»»
Power rates expected to rise because of El Niño
DAVAO CITY (MindaNews / 17 January)—Expect possible increasing power rates throughout the year amid the anticipated El Niño phenomenon in the country, an official from the Department of Energy (DOE)-Mindanao said. Engr. Darwin P. Galang, DOE-Mindanao senior science research specialist, said the anticipated increasing power rates can be possibly El Niño-related, with 26 percent of […].....»»
DOE should regulate NGCP
The messy situation between the DOE and NGCP is responsible for problems that inconvenience electricity consumers......»»
Donald Trumps $3.5bn windfall at stake in Spac deal showdow
The Financial Times, known for its in-depth coverage of global business, economics, and politics, is now offering a special subscription deal for its print edition......»»
M2 MacBook Air Reaches All-Time Low Prices at Best Buy, Save Up to $300
Best Buy Offers Unbeatable Deals on M2 MacBook Air Models Tech enthusiasts and Apple fans rejoice as Best Buy announces its latest promotion on the.....»»
Cebu City buy-bust: P278,800 shabu seized, 9 nabbed on Friday
CEBU CITY, Philippines – Nine men were arrested in separate buy-bust operations in Cebu City on Friday, March 1, while suspected shabu worth P278,000 were also seized. The two buy-bust operations were done by the Philippine Drug Enforcement Agency in Central Visayas (PDEA-7) in coordination with the Cebu City Police Office (CCPO). Law enforcers conducted the first.....»»
Malampaya
Our big frustration in the old Ministry of Energy was the inability to discover a big enough oil or natural gas reserves in the country......»»
Sandigan junks ex-Palawan execs’ bid to dismiss raps
The Sandiganbayan has denied the appeal of three former provincial government officials of Palawan to be allowed to seek the early dismissal of the graft and falsification cases filed against them in connection with the alleged misuse of P1.534 billion worth of proceeds from the Malampaya gas project in 2008......»»
Meralco customers to get refund in March
Customers of the Manila Electric Co. will get a refund in March corresponding to the increase in Malampaya gas price of First Gas Power Corp......»»
Justice still elusive as environmental activists, journalists commemorate 13th death anniversary of Gerry Ortega
Ortega was known to courageously oppose influential mining aimed at exploiting the natural resources of Palawan. His colleagues firmly believe that the broadcaster was killed for reporting on the misuse of the Malampaya fund by the local government at that time. The post Justice still elusive as environmental activists, journalists commemorate 13th death anniversary of Gerry Ortega appeared first on Bulatlat......»»
Leviste to acquire 71% stake in Roxas Holdings for P5 billion from MVP
Solar energy trailblazer Leandro Leviste, through Countryside Investment Holdings Corp., is set to acquire a controlling 71.6% stake in Roxas Holdings Inc. from Hong Kong’s First Pacific Co. Ltd. .....»»
Manila Water sells stake in Bulacan units to SMC
Razon-led Manila Water Co. Inc. is divesting its stake in two Bulacan joint venture corporations for P1 billion to a subsidiary of San Miguel Corp. as it focuses on other activities outside the East Zone concession......»»
Leviste keen on raising ABS-CBN stake
Businessman Leandro Leviste, the son of Sen. Loren Legarda, is willing to increase his stake in the Lopez family’s media company ABS-CBN Corp......»»
SPNEC confirms plans to sell 40% stake in Terra Solar project to foreign investors
SP New Energy, now a Meralco subsidiary under Manny V. Pangilinan’s chairmanship, confirmed reports that it plans to sell “up to 40% equity stake in the Terra Solar” project......»»