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Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
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......»»
NEWS BRIEFS | 27 February 2024
Energy exploration in BARMM opened for bidding The Department of Energy has opened four areas in the Bangsamoro Autonomous Region in Muslim Mindanao for exploration, development, and production of indigenous energy sources. Energy Undersecretary Alessandro Sales said coal exploration marked as “PDA-BC-1” covering 14,856 hectares in Kapai and Tagoloan towns in Lanao del Sur is […].....»»
DSWD, Ibajay LGU build Child Development Center for kids of ex-rebels
The Department of Social Welfare and Development (DSWD) and the Ibajay local government unit (LGU) have initiated the construction of a Php1.7 million-worth Child Development Center (CDC) in Barangay Cabugao, Ibajay in Aklan province that will benefit the children of former rebels now residing in the resettlement site. DSWD Undersecretary for Inclusive-Sustainable Peace and Special […].....»»
Balai Ni Fruitas response to write-up on the reallocation of IPO proceeds
On Tuesday, I wrote about Balai Ni Fruitas and the BALAI board’s reallocation of IPO proceeds to commissary construction, away from store network expansion......»»
Balai Ni Fruitas reallocates P50-M in IPO proceeds to complete commissary build
Balai Ni Fruitas said that its board approved a reallocation of its IPO proceeds, from “Store network expansion and store improvement”, to “Commissary set up”......»»
Most Filipinos reject Charter change, lifting foreign ownership restrictions
An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»
Sinulog Cup 2024 proceeds with Cesafi teams
Sinulog Cup 2024 proceeds with Cesafi teams.....»»
Moscow lifts Ecuador banana ban
The restrictions were imposed after a dangerous pest that carries cholera was found in shipments of the fruit Russia has lifted its partial ban on imports of bananas from Ecuador, the Russian food safety watchdog Rosselkhoznadzor announced on Friday. "We authorize these five Ecuadorian c.....»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
Mariel Padilla’s ‘gluta drip’ session at Senate draws flak
Actress Mariel Padilla’s ‘glut drip’ session in the Senate last week drew flak on social media, censure from the chair of the Senate’s disciplinary body and an advisory from the Department of Health (DOH) warning against the use of glutathione as a skin whitener. The since-deleted post of Sen. Robinhood Padilla’s wife showing her glutathione therapy—as this.....»»
How LGUs shoo away investors
While discussing how Charter change can attract investors, my Viber group colleagues wondered if problems with LGU corruption are a bigger turnoff to investors than Constitutional restrictions on foreign investments......»»
DOE slates 3rd round of Green Energy Auction
Another round of the Green Energy Auction will be conducted this year as part of the country’s utilization of renewable energy resources and attainment of energy security and reliability, the Department of Energy said......»»
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.....»»
Bill pushing P100 daily wage hike gets Senate nod on 2nd reading
MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers. Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»
Tejeno lifts Mittimus over Amicus Curiae in Courtship Cup
Tejeno lifts Mittimus over Amicus Curiae in Courtship Cup.....»»
Late run lifts Boysen over Landlite
Late run lifts Boysen over Landlite.....»»
Edwards lifts Wolves to 3-0 lead vs. Suns
Edwards lifts Wolves to 3-0 lead vs. Suns.....»»
Garcia lifts ban on entry of pigs, pork from Negros Oriental
Garcia lifts ban on entry of pigs, pork from Negros Oriental.....»»
Late run lifts Rudy’s over Emmanuelites in UP Cebu League
Late run lifts Rudy’s over Emmanuelites in UP Cebu League.....»»