Securing the future of Philippine energy (Philstar.com) - May 6, 2019 - 11:15am The Future Energy Show Philippines 2019 gathers energy stakeholders, sectors MANILA, Philippines — With the Philippines’ growing population and continued industrialization, the Department of Energy has forecasted the country’s demand for electricity to reach over 40,000 megawatts (MW) in 2040, exceeding the 19,536 MW existing dependable capacity being supplied by the country’s power plants. To address this, the government proposed the Philippine Energy Plan 2017-2040, which aims to increase the country’s renewable energy installed capacity to at least 20 000 MW.1 Around 16,949 MW of potential renewable energy capacities are expected within the horizon, with hydro contributing to about 10,792 MW, followed by solar (4,081 MW), wind (1039 MW), geothermal (684 MW), biomass (326 MW), and ocean (26 MW).2 However, since … [Read more...] about Securing the future of Philippine energy
Power distribution center
MANILA, Philippines — Presidential spokesman Salvador Panelo said President Duterte recognizes the role of the press in a vibrant democracy such as the Philippines as World Press Freedom Day was observed globally yesterday. Panelo said Duterte considers the members of the fourth estate as “our partners for genuine change,” stressing the President has no quarrel with the press. “As he himself said to the members of the media and by paraphrasing the words of Evelyn Beatrice Hall in her book entitled The Friends of Voltaire, ‘I may not agree with what you have to say, but I’ll defend to the death your right to say it’,” he said. Panelo added the administration does not condone the violence perpetrated against media and repression of information. “In fact, the Chief Executive issued and implemented orders which advance freedom of information within this branch of government and further the protection of media workers through the … [Read more...] about Palace: We respect press freedom
Visit SM Supermalls and meet SAM, the country’s first ever in-mall smart robot. SAM, an artificial intelligent humanoid robot, is part of SM’s series of innovations designed to improve customer experience at the mall. I remember vividly when Japan built its first robot named “Pepper.” Now, we have our own! SM Supermalls chief operating officer Steven Tan said, “We are very thrilled to finally share with you another milestone as we bring in the country’s first ever smart customer service robot. This breakthrough innovation is a reflection of our commitment to continuously give enhanced malling experiences to our customers.” Christian Mathay, Mike Lim and Tim Yap. Present at the launch was Ligo Lim, senior sales manager of Cal-Comp Technology (Philippines), SAM’s creator and one of the country’s leading provider of electronic and original design manufacturing services. Now at SM Megamall and coming soon to other SM malls, SAM is … [Read more...] about #HeySAM!
What’s new for BPI in Makati and Aboitiz in Cebu? I was in Makati for a day to attend the Bank of the Philippine Islands (BPI) annual stockholders meeting where media from the Visayas and Mindanao were invited. Actually, it was the first time for BPI to invite the Cebu and Davao media to their annual stockholders meeting and it was good for me to meet with our old friends, Jaime Augusto Zobel de Ayala and his brother Fernando where we talked about the old days when they went to Cebu with their motorcycles to ride with us. Unfortunately our good friend, Bobby Aboitiz who played host with them, passed away two years ago. As the top honchos of BPI pointed out, BPI for the 1st Quarter of 2019 posted a 7.6 percent increase in its net income, which stands at P6.72 billion and up to 10.5 percent versus the 4th Quarter of 2018. In their joint message to the BPI stockholders, chairman Jaime Augusto Zobel de Ayala and President and CEO Cezar Consing, noted, … [Read more...] about What’s new for BPI in Makati and Aboitiz in Cebu?
LOS ANGELES/WASHINGTON: Amazon's promise of one-day shipping threatens to upend the retail sector, but its rivals’ physical stores give the likes of Walmart and Target powerful assets that Amazon itself is scrambling to match.Amazon.com Inc, seeking to stem slowing sales growth, is plowing US$800 million this quarter alone into its next-day package delivery project, something even Walmart Inc, the world's biggest retailer, will be hard-pressed to duplicate.But there is another battle brewing behind the scenes, with Amazon racing to reproduce the assets of the businesses it aims to upend. The move to expedite shipping is a sign of growing pressure from such brick-and-mortar competitors, experts said.The e-commerce giant, which has a mixed record with brick-and-mortar retail projects, is racing to open shops that sell top-selling items ranging from books to cell phones; rolling out same-day curbside grocery pickup – a service popular with time-crunched suburban Walmart and … [Read more...] about Amazon speeds up shipping, but rivals’ stores buck its challenge