Deputy Minority Leader and Bayan Muna Rep. Carlos Zarate has assailed anew the decision of power distributors to impose an increase in electricity rates this month, saying that the unabated adjustments will render useless government’s bid to attract investors. ELECTRIC METERS Zarate said that...
The country’s grand ambition for massive solar power installations could result in weaker food sustainability, because energy developments could snatch lands that could have otherwise been allocated for agricultural production, a study outcome of the Department of Energy (DOE) has shown. The DOE...
ENDEAVOR Sonny Coloma Hometown Cha Cha Cha, the Korean drama series on romance that bloomed between a big city-bred dentist and a local village chief, has been topping the audience-share charts leading toward its season-ending episodes this weekend. In the Philippines, it was the number one show on...
DMCI Holdings Inc. has declared a special cash dividend amounting to P6.37 billion in special cash dividends following a record high cash dividend declared by subsidiary Semirara Mining and Power Corporation. In a disclosure to the Philippine Stock Exchange, the firm said the special cash dividend...
Energy Secretary Alfonsi Cusi on Monday, Oct. 11, called on energy players to activate preparatory response measures to avoid power interruptions in areas possibly to be affected by tropical storm "Maring." Cusi made the call "to ensure the continued delivery of energy services," although so far...
Some areas in Cagayan province experienced power interruption on Monday midnight, Oct 11, due to the effects of tropical storm "Maring" while around 200 at-risk individuals fled their homes and were sent to evacuation centers, the National Disaster Risk Reduction and Management Council (NDRRMC)...
Aboitiz Power Corporation’s proposed P12-billion bond issuance has been assigned the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The AboitizPower bonds have a base issue size of up to P6.0 billion, with an oversubscription...
President Duterte has "given the cue" for legislators to create a law that would allow the executive to exercise its so-called police power over those who do not want to get vaccinated against the coronavirus disease (COVID-19). President Rodrigo Duterte listens to a presentation during the "Talk...
The government can invoke police power of the State, but there is need for a new law that would compel people to get vaccinated against the coronavirus disease (COVID-19), Malacañang said on Tuesday, September 28, In his virtual media briefing, Presidential spokesperson Harry Roque said the...
President Duterte appealed to "anti-vaxxers" or people who do not believe in vaccines, to "go with the trend," reiterating that getting vaccinated is the best way to overcome the coronavirus (COVID-19) pandemic. President Rodrigo Duterte (Malacañang file photo) Duterte made the statement after...
Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in cash. In a disclosure to the Philippine Stock Exchange, AEV said the Aboitiz family’s privately held parent company...
Iloilo Representative Janette Garin on Monday, Sept. 27 questioned the P1-billion worth of funds proposed by the Department of Agriculture (DA) supposedly for the government’s solar panel irrigation system (SPIS) project, saying she finds the program “untimely” and “impractical” at this...
