The Department of Energy (DOE) and the Energy Regulatory Commission (ERC) are working to make sure the National Grid Corp. of the Philippines (NGCP) takes responsibility for the long power outage in the Panay Islands. In a briefing on Friday, Jan. 5, Energy Secretary Raphael Lotilla said that the...
ILOILO CITY – This city, the regional capital of Western Visayas, is losing P500 million daily from the blackout that started on January 2 and now on its fourth day on Friday, January 5. Mayor Jerry Treñas said with this calculation from the Local Economic Development and Investment Promotion...
Grid operator NGCP renews its call for a whole-of-industry approach, including better energy resource planning, following the January 2 power outage due to tripping of multiple power plants which isolated Panay island from the rest of the Visayas grid. “The unscheduled maintenance shutdowns of...
Malacañang disclosed that the Maharlika Investment Corp. (MIC)—Maharlika Investment Fund's (MIF) governing body— held its first board meeting on Wednesday, Jan. 3. (Photo courtesy of PCO) The Presidential Communications Office (PCO) said on Thursday that the MIC Board met to discuss fund...
The Maharlika Investment Corp. (MIC) is gaining momentum, as its board has given the green light to the fund's capitalization scheme, the appointment of key management committee heads, and the selection of an interim fund manager. The Department of Finance (DOF) announced that the MIC Board,...
The Department of Finance (DOF) revealed that the Maharlika Investment Corp. (MIC) held its first board meeting on Wednesday, Jan. 3. The meeting, documented in a DOF Facebook update, featured MIC President and CEO Rafael D. Consing, Jr., and Finance Secretary Benjamin E. Diokno, who acted as...
ILOILO CITY – Following the ongoing massive blackout that hit Panay Island, the Department of Energy (DOE) reiterated on Wednesday the reminder to the National Grid Corp. of the Philippines (NGCP) to adhere to its responsibilities as system operator (SO). “NGCP is in a position to anticipate...
The National Grid Corporation of the Philippines (NGCP) reported ongoing power restoration efforts in parts of Visayas that are affected by the Panay power plant shutdown. According to an update as of 6:00AM on Wednesday, Jan. 3, the NGCP said that 144.2 megawatts (MW) of power was being served by...
To overcome backlog on system impact studies (SIS) for targeted massive renewable energy (RE) installations as well as for other power projects in the country, the Energy Regulatory Commission (ERC) has enforced processes on the accreditation of third party-entities that will aid system operator...
Luxury finds a new home in the idyllic outskirts of Baguio City. Bern, a four-tower high-end residential complex by Vista Land & Lifescapes Inc., will soon rise amid the splendor of this fog-kissed highlands — with its wooded slopes, the crisp mountain air, majestic pine trees, and...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
With all the distractions on the road during this holiday season, there’s nothing better than having a second pair of eyes watching out for possible dangers when driving. That second pair of eyes can be found in the latest Isuzu mu-X and D-Max, and it’s called the Advanced Driver Assist...
