The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy. Energy Undersecretary Rowena Cristina Guevara told reporters that the...
The Department of Finance (DOF) said that President Marcos will soon sign the law imposing value-added tax (VAT) on foreign digital service providers, such as Netflix. During a Senate Finance subcommittee hearing on Tuesday, Aug. 27, Finance Secretary Ralph G. Recto said the DOF and the Bureau of...
Senator Raffy Tulfo was surprised to find out that some breathalyzers that cost P68,000 each were returned to the Land Transportation Office (LTO) after being discovered defective. Sen. Raffy Tulfo expresses his concern over the increasing incidence of drunk driving in the country. In a public...
A deep sea diver successfully installs a flange valve plate onto the surface of a tank onboard sunken tanker MTKR Terranova as part of initial siphoning operations on Aug. 11, 2024. (Photo: Harbor Star Shipping Services, Inc. via PCG) The full-blown siphoning operation to drain 1.4 million liters...
Senator Raffy Tulfo aired his belief that the so-called incentives or commissions attained from every traffic violation ticket issued should be discontinued because it opens doors to corruption. Sen. Raffy Tulfo presides over the Committee on Public Services hearing to discuss a proposed measure...
There’s still no way out for many consumers on upturn in their electric bills, as the pass-on tariff of power utility giant Manila Electric Company (Meralco) will slightly go up by P0.0327 per kilowatt hour (kWh) in this August billing cycle. Following that upward adjustment, the overall rate to...
Philippine Coast Guard Auuxiliary (PCGA) members prepare improvised oil spill booms to contain the leak from the sunken motor tanker MT Terranova. The tanker sank off Limay, Bataan on July 25. The underwater leaks discovered by divers from the Philippine Coast Guard (PCG) and a maritime service...
Recognizing the importance of maintaining a healthy workforce to ensure the continued delivery of education services, Education Secretary Sonny Angara announced on Monday, July 22, that he plans to hire at least one doctor for each office of the Department of Education (DepEd). DepEd Central Office...
With more time on her hands after leaving the Department of Education (DepEd), Vice President Sara Duterte said she plans to focus on the underserved areas in the country to bring social services there. Vice President Sara Duterte and new Education Secretary Sonny Angara during the turnover...
West Zone concessionaire Maynilad Water Services, Inc. plans to invest over half a billion pesos to enhance its water storage capacity by constructing a raw water reservoir. In a statement, Maynilad said it allocated over P686 million to transform the sludge lagoons within La Mesa Compound into an...
Maynilad Water Services Inc., the concessionaire for the West Zone of Metro Manila, is planning to fund its P40 billion capital expenditures next year through a combination of debt instruments, bank loans, and internally generated funds. In an interview, Maynilad President and Chief Executive...
iGlobal Financial Services, Inc. (iGlobal.ph), a financing firm serving entrepreneurs by bridging the gap between traditional banking and alternative funding sources, has been granted a P500 million credit guarantee by the state-run Philippine Guarantee Corp. Seated (L-R): Celso R....
