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Day: November 3, 2022

DAR provides safe drinking water project to NoCot rice farmers

The perennial problem of iron-contaminated water supply in a rice farming community in North Cotabato has been addressed by the Department of Agrarian Reform (DAR) through its Community-Managed Potable Water Supply, Sanitation, and Hygiene (CPWASH) project.   Anchored on the directive of President Ferdinand R. Marcos Jr. and DAR Secretary Conrado Estrella III to uplift the lives of the farmers in the countryside, the CPWASH project was provided to “Pamilyang Malahutayong Mag-uuma sa Tambac (PAMAMATA) Association” of Tambac village in Tulunan, a rice-producing town.   PAMAMATA president Valentin Tabiolo, said Thursday the project will not only benefit 70 households who

Comelec to follow SC on fate of 2022 polls transmission logs

The Commission on Elections (Comelec) said Thursday it would abide by the ruling of the Supreme Court (SC) on the petition filed regarding the preservation of the transmission logs of the May 9, 2022 national and local elections.   Comelec spokesperson John Rex Laudiangco made the remark in response to the filing of a petition for mandamus by former Department of Information and Communications Technology (DICT) Secretary Eliseo Rio to extend the preservation of the data logs of the last polls.   “The Comelec, as always, will abide by any order or process of the Honorable Supreme Court. This is

Transparent key rate path direction benefits peso, inflation

Stability of the Philippine peso, along with the actual inflation and inflation expectations, are expected to remain given the transparency by monetary authorities vis-à-vis their rate hike moves.   After the two-day meeting of its Federal Open Market Committee (FOMC) on Nov. 2, the Federal Reserve hiked by 75 basis points its funds rate, which Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said is widely expected.   The latest rate hike brought the Fed’s key rate to between 3.75 to 4 percent.   Amidst the fresh jumbo hike by the Fed, Ricafort said US monetary authorities signaled that

SMC power unit eyes battery storage project sites for forestation

Bolstering its climate action initiatives, San Miguel Corporation (SMC) power subsidiary SMC Global Power Holdings Corp. (SMCGP) reported the successful planting and growing of over five million new trees and mangroves from 2019 to date under its multi-year, nationwide forestation and carbon capture program.   In a statement, the company said it is also expanding the scope of the project to reforest areas around its new Battery Energy Storage System (BESS) facilities –the first and largest such network in the Philippines and Southeast Asia.   SMC president and chief executive officer Ramon Ang said as of October 2022, SMCGP’s “Project

Alternergy partners with Exeter for hydro project

Renewable energy firm Alternergy is partnering with Exeter Portofino Holdings for the former’s run-of-river hydropower project in Lamut and Asipulo in Ifugao.   In a statement Thursday, Alternergy said it signed an investment framework agreement with Exeter as co-partner for the development of the Lamut-Asipulo Hydro Power Project.   The company said its tie-up with Exeter is expected to expedite the construction of the hydropower plant.   “With the entry of Exeter as co-partner, the Lamut-Asipulo Hydro Power Project is in (an) advanced stage of development and is expected to issue notice to proceed to early construction works in the

WAM invites young journalists to attend workshops at GMC

The Emirates News Agency (WAM) will invite 300 young journalists from around the world to attend various workshops to be conducted during the inaugural Global Media Congress (GMC) from Nov. 15-17.   The Higher Organising Committee for GMC, which is organized by ADNEC Group in partnership with WAM, announced the launch of the Global Programme for the Empowerment of Young Media Persons, the largest training program of its kind.   Speaking about his organization’s decision to fly in a large number of young journalists with three to five years of professional experience to attend the event, Mohammed Jalal Al Rayssi,

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