The Department of Public Works and Highways (DPWH) said on Wednesday it has signed a memorandum of agreement with Korean firms covering consultancy services for the P4.9 billion Panguil Bay Bridge Project in Northern Mindanao. The Korean companies are Yooshin Engineering Corporation, Pyunhwa Engineering Consultants Ltd., and Kyong-Ho Engineering & Architect Co. Ltd. The consultants will assist the DPWH in conceptual design, bidding document preparations, design review, construction supervision, and post-construction supervision. Panguil Bay Bridge is a 3.48 kilometer two lane span that will connect Tangub City in Misamis Occidental to the municipality of Tubod in Lanao del Norte. It will be funded official development assistance from the Korean Economic Development Cooperation Fund.
June 28, 2017 17:03 UTC
The Philippines is promoting its tourist destinations in Japan particulary in the cities of Tokyo, Osaka and Nagoya during a Philippine Business Mission (PBM) from June 26 to 29. According to the Department of Tourism, the PBM hopes to increase the country’s share of Japan’s burgeoning outbound market. The PBM includes a tourism seminar, a Travel Mart where one-on-one meetings are set, and a cocktail reception for follow-through networking and socialization. Earlier, Teo said that the Philippines can rise again even after the peace and order issue in Marawi City and the Resorts World Manila attack. She said that the tourism sector continuously makes an effort to promote the Philippines in other countries, noting the the Southeast Asian archipelago is still safe to visit.
LISTED nickel producer Global Ferronickel Holdings, Inc. (FNI), the second largest nickel ore producer in the Philippines and the largest lateritic mine exporter in the world, said on Wednesday its subsidiary, Platinum Group Metals Corporation, has shipped 1.746 million wet metric tons (WMT) of nickel ore as of June 27 this year. Such shipment volume has put the company on track to hit its 2017 shipment target of 6 million WMT, it said. FNI has also acquired the right to explore an additional 853-hectare land that is adjacent to the Cagdianao mine in Surigao del Norte. “The acquisition presents an opportunity to enhance the company’s nickel ore resources without requiring significant expenditures for mine infrastructure development,” the company said. Citing findings on nickel demand, he said, “The consensus view is that nickel demand will increase by 3 percent annually from 2017 to 2020 on the back of stainless steel [demand].
GOKONGWEI-LED conglomerate JG Summit Holdings, Inc. is spending P48.2 billion ($960 million) this year to fund the expansion of its businesses including in petrochemicals. The conglomerate is allotting $700 million for the petrochemicals business, with the new projects targeted to be operational by 2021. Funding for the expansion will be sourced from free cash flow of the existing petrochemicals business as well as from borrowings. Robinsons BankGokongwei also said its banking arm, Robinsons Bank, will be one of the areas of focus of the company. JG Summit Holdings is one of the largest conglomerates in the Philippines and it is led by tycoon John Gokongwei, Jr.
CREDIT rating agency Moody’s Investors Service affirmed BDO Unibank Inc.’s “Baa2” investment grade rating with a stable outlook, after releasing the same rating action for the Philippines. On Tuesday, the credit rater affirmed the Philippines’ “Baa2” minimum investment grade rating with a stable outlook. Moody’s also expects the bank’s asset quality profile will remain stable over the next 12 to 18 months. Stable asset quality is also supported by the bank’s diverse loan portfolio, as well as low leverage in the economy,” it said. Despite the changes in reporting norms, the credit watchdog expects that the bank’s underlying asset quality will stay broadly stable.
He said last year that his new role was like his shoe being on the other foot. He must know that false and malicious (in other words, bastos) social media reporting carelessly propounded by Duterte followers does the President more harm than good. Andanar’s media blitz covers a host of concerns, requiring sweat and tears to reach out to the public. Andanar’s team will have its hands tied explaining through tri-media what the Tax Reform Package is all about. We should help him in ways we can, as we should help President Duterte make true his claim of improving the lives of all Filipinos.
June 28, 2017 16:47 UTC
LOS ANGELES: A just-completed rooftop solar project will power nearly 5,000 homes in southern California, making it the most powerful of its kind in the world, officials said on Monday (Tuesday in Manila). “We are putting sustainability at the center of everything we do in Los Angeles – and that means investing boldly to expand the use of local solar and renewable energy,” Los Angeles Mayor Eric Garcetti said. The 16.4 megawatt (DC) Westmont Solar Energy Project in San Pedro, about 40 kilometers south of Los Angeles, will produce more than 28 million kilowatt-hours of electricity every year. “While Washington buries its head in the sand, we are carrying the fight against climate change forward in our city, and the Westmont Solar Energy Project is strong evidence of our commitment to a sustainable future,” the mayor said. The Westmont project’s 50,000 solar panels cover 50 acres of roof space, ranking second in size only to the solar project at Apple’s headquarters in Cupertino, California, though officials said it would surpass Apple in total power generation.
June 28, 2017 16:30 UTC
CANBERRA: An overwhelming majority of Australians believe that renewables should be the nation’s No. 1 source of energy, according to a report by The Climate Institute published on Tuesday. “Ninety-six percent of Australians want our nation’s primary energy to come from renewables, with 58 percent wanting it supported by storage technologies and 38 percent by fossil fuels,” Kember said. “Australians recognize, to the tune of three quarters of the population, that the shift to clean energy presents a golden opportunity for economic development, investment and jobs,” she added. Also according to the report, 55 percent of Australians blame privatization in the energy sector as the major reason for high electricity prices, while just over a third (34 percent) said excessive gas exports were to blame for similar price hikes in natural gas.
June 28, 2017 16:30 UTC
Fariñas, aided and abetted by Alvarez, has shockingly refused to free six employees of the Ilocos Norte capitol, purportedly for refusing to tell the “truth” over the alleged misuse of tobacco excise tax funds on various vehicles purchased by the provincial government five or six years ago. It doesn’t help that Fariñas is on his last term as representative of the first district of Ilocos Norte, and could probably have a shot at wresting back his old gubernatorial post by undermining the incumbent, Gov. Fariñas is now threatening to sue the Ilocos Norte provincial board supposedly for depriving him of his constitutional rights when it declared him persona non grata in his home province. Well, that statement backfired as that piece of paper from the provincial board is nothing compared with the real constitutional rights deprived of the Ilocos 6 by the House. To be sure, there must be something in Ilocos Norte’s vehicle-buying spree worth prosecuting.
IT’s time to seriously consider decentralizing Philippine basic education. First, the numbers: There are over 23 million students going to 76,534 public and private schools, and 846,455 teachers in the Philippine basic education system. It should have the following elements: a centrally mandated curriculum, local education delivery, increased participation of the community, and national accountability. As families are given more say over the education of their children, they become more invested and equal partners in ensuring education quality. A mother in Manila would still have a stake in the education of a child in Marawi because performance is measured as an entire Philippine education system and not just regionally.
CHINESE Ambassador to the Philippines Zhao Jianhua vowed on Wednesday to help the Philippines in its fight against terrorism amid the continuing military offensives against Islamic State (IS)-linked Maute bandits. President Rodrigo Duterte thanked the Chinese government which he said had expressed willingness “to unconditionally help” the Philippines amid the ongoing Marawi crisis. “Seven months after my visit, terrorist groups advocating the [IS] ideology launched a rebellion in Marawi City. Earlier, the Chinese government donated P15 million for the rebuilding effort in Marawi City. It said 264,000 displaced individuals had sought refuge in areas outside of Marawi City since the fighting in the Islamic City broke out on May 23.
I believe that the R D congress was a timely gathering because the 21st century will be the “Asian Century”. From the century of nations, the Asian century will be known as the “century of cities”. An indication of the rapid transformation of Asian cities is the rising number of tall buildings. In order to develop sustainable cities, we must be able to change our mindset on how we look at our cities, our buildings, and our streets. The Philippines can have the best cities in Asia and be part of the top 20 economies of the world by 2021.
THE Armed Forces of the Philippines (AFP) assured the public on Wednesday that Abu Sayyaf leader Isnilon Hapilon, the wanted terrorist said to be the chieftain of the Islamic State (IS) in Southeast Asia, was no longer capable of launching terror attacks outside Marawi City. “We don’t believe that he (Hapilon) still has the capability to launch any hostile attack,” AFP spokesman Brig. “There have been significant developments in the past weeks [in Marawi City]. The Abu Sayyaf leader was indicted in the United States for his alleged involvement in the kidnapping of three Americans in the Philippines in 2001. Fighting among government troops and extremists in Marawi City forced President Rodrigo Duterte to declare martial rule in Mindanao.
KIEV: Thousands of computer users across the globe scrambled on Wednesday to reboot after a wave of ransomware cyber attacks spread from Ukraine and Russia across Europe to the United States. But the new attack appeared much smaller in scale, with global cyber security firm Kaspersky Lab estimating the number of victims at 2,000. Global spreadThe attacks started Tuesday at around 2 p.m. Kiev time (1100 GMT) and quickly spread to 80 companies i0n Ukraine and Russia, said cybersecurity company Group IB. In Russia, major companies including the oil giant Rosneft said that they had suffered cyber attacks at roughly the same time. Windows vulnerabilitySecurity specialists said the cyber attacks on Tuesday exploited an already patched vulnerability in Windows software and appeared to have focused on Ukraine as a primary target.
I wish their marriage will be free of blemishes, imperfections and will not need further surgical enhancements due to contagious third-party infections. This is of course, six times slower compared to South Korea, which has the fastest average speed globally, with 26.1 mbps. The 2007 NBN-ZTE project would have interconnected government offices nationwide through broadband technology. * * *Make PRRD “disappear” 2 to 3 days and they will keep talking about it for weeks. Good work, good deeds and good faith to all.