Published May 21, 2021, 4:20 PM
The rules for the targeted green energy auction program (GEAP) will be laid down next month, according to the Department of Energy (DOE), but the actual bidding for renewable energy (RE) capacity installations will likely be undertaken second half of the year yet.
Energy Assistant Secretary Redentor E. Delola said the rules on the RE auction is still up for approval by Energy Secretary Alfonso G. Cusi – primarily on the definitive schedule for the bidding and the volume to be offered in the auction process.
‘The volume is dependent on the proposed hike by NREB (National Renewable Energy Board) of the RPS (Renewable Portfolio Standard) requirement,” he stated.
PSE lures SMEs to go public—DOF mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Anti-red tape agency to smoothen accreditation process for vaccination sites
May 5, 2021 | 8:05 pm
PUBLIC schools such as the Old Balara Elementary school in Quezon City pictured here are among the common sites across the country used by government for its coronavirus vaccination program. PHILIPPINE STAR/ MICHAEL VARCAS
THE ANTI-RED Tape Authority (ARTA) is studying putting up one-stop shops for the processing of accreditation for coronavirus vaccination sites in response to alleged delays.
ARTA made the statement following a
Philippine Daily Inquirer report where Chinese General Hospital Manila Administrator Samuel Ang said hospitals have been noting excessive requirements to set up the sites.
Published April 13, 2021, 7:00 AM
Employers have expressed relief following the decision of the government to relax a bit the 2-week enhanced community quarantine (ECQ) in the National Capital Region (NCR) and neighboring provinces even as they urged the government never to implement the ECQ again unless it is the last resort.
Sergio Ortiz-Luis Jr., president of the Employers Confederation of the Philippines, said the modified ECQ (MECQ) may not be the best but at least more establishments can now operate albeit still limited capacity.
Sergio Ortiz-Luis Jr., president of the Employers Confederation of the Philippines
“MECQ might not be the best but this is better than ECQ. It is still a hard climb but this is a positive move,” he said.
Published April 6, 2021, 12:09 AM
With the promulgation last week of the implementing rules and regulations of the Financial Institutions Strategic Transfer (FIST) Act (Republic Act No. 11523), the government has delivered a solid jab into the financial muscle of banks as prime movers of business and industrial growth that has taken a nosedive in the wake of the COVID-19 pandemic.
This new law supersedes and repeals Republic Act No. 9182, which granted tax exemptions and other privileges to newly created firms, known as special purpose vehicles, that assume bad loans and invest in banks’ non-performing assets. The FIST companies take on the management of such debts and assets, deploying their expertise in rehabilitating the loans of the banks’ distressed clients.