Category Archives: Energy

South Korea Offers Philippines $1-Billion in Loans

South Korea is offering $1 billion in concessional loans over a six-year period to finance key infrastructure programs of the Philippines. Transport, ICT and energy infrastructure were identified as priority areas in the proposed cooperation. Both countries are set to finalize the framework agreement in August 2017. Aside from Korea, Japan and China had earlier pledged a combined $33 billion in investment and aid to the Philippines… Continue reading

After Criticizing Aquino’s Tax Waiver for Power Producers, Duterte Releases Similar Order

In 2016, President Rodrigo Duterte sharply criticized former president Benigno Aquino III for waiving tax liabilities amounting to P6 billion of a company running a power plant in southern Luzon. Aquino had issued an order in 2011 that condoned the company’s real property taxes related to the power plant because it would trigger massive tax liabilities on the part of the National Power Corporation, trigger cross-defaults, and… Continue reading

Duterte Orders Reduction of Real Property Tax of Independent Power Producers

President Rodrigo Duterte has signed an executive order that directs the reduction of the 2015 and 2016 liabilities for real property tax on property, machinery and equipment used by independent power producers (IPPs) for the production of electricity under the build-operate-transfer scheme with state-run companies. Local government units earlier argued that IPPs are not entitled to tax privileges of government firms. However, a substantial part of the real property taxes charged against IPPs has already been… Continue reading

Power Requirements at 43,765 MW by 2040

The Department of Energy said the country needs 43,765 MW of power supply by 2040. Luzon would need 24,385 MW, the Visayas 9,180 MW, and Mindanao 10,200 MW. On a per-technology basis, the country would need 25,265 MW of base-load power that can be sourced from coal, geothermal natural gas, nuclear, biomass and hydro for the said period. The additional mid-merit power sources that usually come from natural… Continue reading

Lopez Faces Off with Congressmen in Commission on Appointments Hearing

Gina Lopez called out two congressmen during her Commission on Appointments (CA) hearing for their, or their families’, involvement with mining firms that have committed violations. She bluntly told CA vice chairman Ronaldo Zamora of his brother’s company’s role in the killing of a mountain, and contradicted Prospero Pichay’s claim that mining has not affected the environment in Surigao. The hearing will continue on March 9, as only two parties opposed to her appointment was able to speak out. Questions on qualifications… Continue reading

Yasay Out as Foreign Affairs Secretary

The Commission on Appointments (CA) unanimously rejected the nomination of Perfecto Yasay as secretary of foreign affairs. The CA took Yasay to task for lying under oath about being an American citizen before. Yasay became an American in 1986 and officially renounced it only after his appointment as a cabinet member. He also made flip flopping statements regarding the issue to the media, prompting CA members to question his… Continue reading

List of 12 ARMM Investment Priorities for 2017-19

List of 12 Investment Priorities for the Autonomous Region in Muslim Mindanao (ARMM) for 2017 to 2019:

  1. Agriculture, agribusiness, aquaculture, and fisheries
  2. Basic industries like production of pharmaceutical products, water supply and treatment, cement production, traditional crafts like boat-building, ice plant and…

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