Connect with us

Hi, what are you looking for?

News

Marcos meets Energy team without a chief 

TWITTER BONGBONG MARCOS

PRESIDENT Ferdinand R. Marcos, Jr. on Thursday met with officials of the Energy department, which he has yet to appoint a secretary for.   

The meeting tackled the agency’s direction under the new administration, Mr. Marcos said in a post on his social media pages.  

“Amid the global crisis of rising oil prices, one of our key partners in the response is the Department of Energy,” he wrote in Filipino.   

Press Secretary Trixie Cruz-Angeles earlier said the new Philippine leader is carefully choosing the next DoE secretary, who is expected to work with various agencies to address the country’s energy woes amid increasing pressures for the government to shift to renewables. 

The shocks of high fuel costs have rocked the Philippine economy, pushing inflation last month to its highest level in almost four years.  

The next DoE chief also needs to address the declining output of the country’s natural gas field in the South China Sea.  

Fitch Solutions Country Risk & Industry Research said in a note in August last year that the depletion of the country’s only indigenous gas field is “problematic” since it accounts for 30% of Luzon’s power generation and services 20% of national demand.  

Various groups have been urging the government to heavily invest in renewables, saying the shift to green energy is the only way to solve a potential supply crisis. — Kyle Aristophere T. Atienza 

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...

News

Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...

News

REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...

News

Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

News

1 of 3 By Sam L. Marcelo, Multimedia Editor BalletPulso Pilipinas II: Alay nina Alice at AgnesSept. 30, 8 p.m.Oct. 1, 3 p.m. and...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.