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Marcos admin keen on importing small modular reactors from US

Published: July 8, 2022

Philippine Ambassador to the US Jose Manuel Romualdez MANILA - The Marcos administration is looking at bringing in small modular reactors (SMR) being developed by the United States to the Philippines, a ranking official said. In an interview Thursday, Philippine Ambassador to the US Jose Manuel Romualdez said the Marcos administration is focused on pursuing more trade and economic activity with the US, especially in the area of addressing climate change and the development of clean energy. "[T]he United States is offering us modular nuclear power plants, which hopefully will be available ...

Source: philippinetimes.com

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New Cebu ops manual to guide ship traffic management: PCG

Published: July 8, 2022

VTMS MANUAL. Philippine Coast Guard (PCG) Commandant Admiral Artemio Abu (3rd from left) and other officers of the PCG join the signing of the Center Cebu operations manual on the Vessel Traffic Management System (VTMS) at the PCG headquarters in Port Area, Manila on Wednesday (July 6, 2022). The PCG said the manual would serve as a guide and provide standard approaches on VTMS for safe and efficient navigation in the Cebu-Mactan channel. (Photo courtesy of PCG) MANILA - The Philippine Coast Guard (PCG) said Friday the newly signed Center Cebu operations manual on the Vessel Traffic Management...

Source: philippinetimes.com

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Artemio Abu Joseph Coyme Center Cebu Center Cebu Operations Manual Maritime Safety Services Commander Rear Adm Maritime Safety Services Philippine Coast Guard Vessel Traffic Management System Admiral Artemio Abu Maritime Safety Services Commander Rear Cebu Operations Manual Safety Services Vtms Manual Philippine Coast Guard Pcg Commandant Admiral Artemio Abu 3rd From Left And Other Officers Of The Join Signing Center Cebu Operations On Vessel Traffic Management System At Headquarters In Port Area Anila On Wednesday July 6 022 The Pcg Said Manual Would Serve Asa Guide And Provide Standard Approaches On Vtms For Safe Efficient Navigation In Cebu Mactan Channel Photo Courtesy Of Manila Philippine Coast Guard Friday Newly Signed Center Operations Vessel Traffic Management System Help Promote Along Ina Facebook Post He Pcg Said The Manual Contains Procedures To Guide Vtms Managers Nd Operators Quot In Their Respective Duties And Responsibilities At The Vtms Center It Also Provides Standard Approaches For Personnel Operational Guidelines Implementing Functions To Promote Safety Of Life Sea Nsuring Effective And Efficient Navigation Nd Protecting The Marine Environment Within Cebu Mactan Channel Uot The Pcg Said It Added That Manual Was Approved By Commandant Admiral Artemio Abu Duringa Courtesy Call Maritime Safety Services Commander Rear Adm Joseph Coyme And Navigational Unit Captain Eugenio Federico At Headquarters In Manila On Wednesday Quot Cg Signed Vtms Center Cebu Operations Aking It Ready For Promulgation Uot The Pcg Said Other Key Officers Of Maritime Safety Services Dot Said Lso Joined Wednesday 39s Meeting Pna

Fitch Solutions eyes further weakening of PH peso in '22, '23

Published: July 7, 2022

DEPRECIATION. Fitch Solutions revises its average Philippine peso-US dollar forecast for 2022-223 as it sees the local unit further weakening against the greenback. It traced its projection partly to expectations of a widening current account deficit. (PNA file photo) MANILA - Expectations for the further widening of the Philippines' current account (CA) deficit made Fitch Solutions Country Risk and Industry Research forecast for the continued weakening of the local currency for this and next year. In a commentary released to journalists on Thursday, Fitch Solutions projects the peso to av...

Source: philippinetimes.com

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Bangko Sentral Felipe Medalla Fitch Solutions Industry Research Federal Reserve Fitch Solutions Country Risk South East Asia Fed Funds Depreciation Fitch Solutions Revises Its Average Philippine Peso Us Dollar Forecast For 2022 223 As It Sees The Local Unit Further Weakening Against Greenback Traced Projection Partly To Expectations Ofa Widening Current Account Deficit Pna File Photo Manila Of Philippines 39 Ca Made Country Risk And Industry Research Continued Currency This Next Year Ina Commentary Released Journalists On Thursday Itch Solutions Projects The Peso To Average At Php54 30 Toa Us Dollar This Year And Php56 40 Next Previously Ts 2022 Average Peso Us Dollar Forecast Is Php52 30 And The 2023 Hp53 00 To Date He Local Unit Is Trading At The 55 Level Against Greenback Quot Widening Of Philippines 39s Current Account Deficit Coupled With Tightening Global Monetary Conditions Will Likely Exert Further Downward Pressure On Peso Uot The Commentary Said Fitch Solutions Now Eyes Country 39s Ca Deficit To Increase Around 4 3 Percent Of Gross Domestic Product Gdp From 2 Previously Citing Bangko Sentral Ng Pilipinas Bsp Data T Said The Country 39s Ca Deficit As Of First Quarter 2022 Stands At Around 5 Percent Domestic Output Igher Than The 3 5 Percent Of Gdp In Last Quarter 2021 It Traced This Development To 27 8 Year On Growth Imports First Three Months Igher Than The 5 9 Percent Growth Of Exports During Same Period Quot Over Coming Quarters E Expect The Current Account Balance To Remain Ina Deficit Due Elevated Commodity Prices And Strong Import Demand Specially After The Government Implementeda Slew Of Tariff Cuts In An Attempt To Tame Rising Prices Uot It Said These Tariff Reduction Measures Include The Extension Until End 2022 Of Lower Rate For Rice Imported Outside South East Asia Rom 40 50 Percent To 35 Corn Rom 35 50 Percent To 5 15 Pork Rom 30 40 Percent To 15 25 And The Temporary Removal Of 7 Duty On Coal Relatively T Said Tightening The Monetary Conditions Also Contributes To Widening Of Country 39s Ca Deficit Since It Weighs On Risk Sentiments Quot As Major Central Banks Around World Turn Increasingly Hawkish And Continue Hiking Rates Aggressively Apital Will Likely Be Diverted Away From Emerging Economies Such As The Philippines

MRT-3's free rides, antigen tests end Thursday

Published: June 30, 2022

MRT-3(File photo) MANILA - The free rides and antigen tests at the Metro Rail Transit Line 3 (MRT-3) are coming to an end as the rail service holds the last day of the free services on Thursday. The end of the 'Libreng Sakay (free ride)' program comes after being extended twice -- lasting more than three months -- since it began on March 28. The free ride program was meant to celebrate the completion of the massive rehabilitation of the rail service and to help the public amidst the rising prices of fuel and goods. "Naging daan din ang libreng sakay sa pamunuan ng MRT-3 upang masu...

Source: philippinetimes.com

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Libreng Sakay Arthur Tugade Michael Capati Metro Rail Transit Line Transportation Secretary Arthur Tugade Charge Michael Capati Mrt 3 File Photo Manila The Free Rides And Antigen Tests At Metro Rail Transit Line Are Coming To An End As Service Holds Last Day Of Services On Thursday 39 Libreng Sakay Ride Program Comes After Being Extended Twice Lasting More Than Three Months Since It Began March 28 Was Meant Celebrate Completion Massive Rehabilitation Help Public Amidst Rising Prices Fuel Goods Quot Naging Daan Din Ang Sa Pamunuan Ng Upang Masubok Performance Kapasidad Linya Na Magsakay Mas Maraming Bilang Mga Pasahero Umaabot 380 000 Sa Loob Ng Karaniwang Araw The Free Ride Program Allowed Mrt 3 Management To Test Performance And Capacity Of Rail Line Take In More Passengers P To 380 000 Ina Regular Day Uot The Mrt 3 Said Ina Facebook Post On June 10 He Mrt 3 Serveda Record 381 814 Passengers The Largest Number Of Mrt 3 Served Ina Single Day Since It Resumed Operation In June 2020 On Other Hand He Mrt 3 39s Free Antigen Testing For Passengers Voluntary Basis Will End After Almost Six Months Since It Began On January 11 The Covid 19 Dot Said As Meant To Help Ensure The Safety Of Commuters Amidst Covid 19 Pandemic It Noted That Last Person Who Tested Positive For Under Program Was Back On January 28 Former Transportation Secretary Arthur Tugade And Mrt 3 Officer In Charge Michael Capati Rt 3 Trains Have Increased Their Operating Speed To 60 Kilometers Per Hour Kph From The Previous 30 Educing Travel Time And The Waiting Between Trains Mrt 3 Has Also Started To Deploy Four Car Train Sets In Addition 16 18 Three Rail Line Boost Its Passenger Capacity Pna

LTFRB approves P11 minimum PUJ fare beginning July 1

Published: June 29, 2022

PNA photo MANILA - The minimum fare in public utility jeepneys (PUJs) will increase to PHP11 throughout the country beginning Friday after the Land Transportation Franchising and Regulatory Board (LTFRB) granted the petition of public transport groups. In an order released on Wednesday, the LTFRB said the new minimum fare is applicable during the first four kilometers, with no increase in succeeding kilometers. For modern PUJs, the minimum fare was increased to PHP13 for the first four kilometers. "All PUJ services are directed to grant to qualified senior citizens utilizing their service...

Source: philippinetimes.com

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Department Of Energy Oil Price Drivers Association Of The Philippines Alliance Of Transport Operators Alliance Of Concerned Transport Organizations Land Transportation Franchising Regulatory Board United Transport Koalisyon Pangkalahatang Sanggunian Manila Suburbs Drivers Association Nationwide Transport Operators Drivers Association Concerned Transport Organizations Oil Price Monitor Pna Photo Manila The Minimum Fare In Public Utility Jeepneys Pujs Will Increase To Php11 Throughout Country Beginning Friday After Land Transportation Franchising And Regulatory Board Ltfrb Granted Petition Of Transport Groups An Order Released On Wednesday He Ltfrb Said The New Minimum Fare Is Applicable During First Four Kilometers Ith No Increase In Succeeding Kilometers For Modern Pujs He Minimum Fare Was Increased To Php13 For The First Four Kilometers Quot All Puj Services Are Directed Grant Qualified Senior Citizens Utilizing Their Servicesa Discount Of Not Less Than 20 Percent Approved Provisionally Discounted Fares Upon Presentation Citizen Identification Cards Uot The Order Read Students And Disabled Persons Dot Said Re Also Entitled To The Same Discount Of Php2 2 In Pujs And 6 Modern Every Day Quot All Puj Operators Shall Posta Notice Fare Increase Inside Their Public Utility Vehicles That Would Be Conspicuously Seen By Riding Uot It Said There Will Be No Increase In The Rate Collected Or Revision Existing Fare Matrix Earlier Ublic Transport Groups Including 1 United Koalisyon Utak Angkalahatang Sanggunian Manila Amp Suburbs Drivers Association Nationwide Inc Pasang Masda Lliance Of Transport Operators And Drivers Association The Philippines Altodap Alliance Concerned Organizations Acto Petitioned Ltfrb Fora Fare Increase In Pujs Due To Continued Global Rise Fuel Prices Their Petition Noted That Last Time Minimum Was Increased Php10

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