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AC Energy signs up plastics producer as retail customer

AC Energy Inc., the power unit of Ayala Corp., has signed up a new customer under its retail electricity business which now covers over 100 megawatts (MW) in supply......»»

Category: financeSource: philstar philstarOct 17th, 2018

ERC reiterates opposition to SC order

A Supreme Court-issued restraining order against the retail competition and open access (RCOA) scheme is hampering competition and customer choice, the Energy Regulatory Commission (ERC) said. In a document provided to reporters, the regulator said that while it was complying with the temporary restraining order (TRO) issued in February this year, it had “been unable [...] The post ERC reiterates opposition to SC order appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 20th, 2017

Chinese tower firm signs up with DICT

China Energy Equipment Co. Ltd. (CEEC), the latest international tower provider which inked a deal with the Department of Information and Communications Technology (DICT), has expressed readiness in providing for the bulk of the country’s additional common telecommunications infrastructure needs......»»

Category: financeSource:  philstarRelated News14 hr. 0 min. ago

Arsenal facing make-or-break 6 days

By Steve Douglas, Associated Press It's a six-day stretch that could make or break Arsenal's season and prompt renewed scrutiny into the machinations of a club that appears to have issues at every level. A home game against Chelsea in the Premier League on Saturday, soon followed by the visit of Manchester United in the FA Cup. Lose both matches and Arsenal's bid for domestic silverware will be over for another season. Finishing in the top four of the league, and thereby qualifying for the Champions League, would also be highly unrealistic. And it won't even be February. It wasn't so long ago that Unai Emery was making a mockery of any fears he would struggle to oversee a smooth transition from Arsene Wenger's 22-year reign. The team was on a 22-match unbeaten run in all competitions. Emery's high-energy pressing game was working and the goals were flowing, even if there were some slight concerns about the defense. Tottenham, Arsenal's big rival, was trounced 4-2 in the North London derby. "We've got out Arsenal back," chanted gleeful Arsenal fans. Then came the slide. The first worrying signs came in a 3-2 loss at lowly Southampton on Dec. 16 that ended Arsenal's four-month unbeaten run. Then there was the elimination at the hands of Tottenham in the English League Cup quarterfinals, before a 5-1 mauling by Liverpool in the league at Anfield on Dec. 29 which revived memories of the defensive horror shows from the darkest days in the final years of the Wenger era. More recently, there was the timid 1-0 loss at West Ham on Saturday when Arsenal had two shots on target. If Arsenal loses to Chelsea, it will drop nine points adrift of the top four and probably into sixth place — the position it finished in Wenger's last year. Arsenal will be left relying on winning a cup competition — the FA Cup or, perhaps more likely, the Europa League — to salvage anything from its season. The problems won't end there. Mesut Ozil is the club's marquee and highest-earning player — reportedly getting 350,000 pounds a week ($450,000) — yet is regularly left out by Emery, just as he was against West Ham on Saturday. Ozil, a mercurial player with a languid approach, doesn't fit Emery's preferred style and so is proving to be a very expensive commodity. Another midfielder, Aaron Ramsey, has also been in and out of the team this season and is reportedly close to signing for Juventus. "At certain times, you have to provoke friction with footballers," Emery said this week, perhaps with a nod to his relationship with Ozil. "From that friction, you can get something more out of them, something from inside." Without its two most creative attacking midfielders, and with Henrikh Mkhitaryan currently injured, Arsenal lacks any playmaking ability or balance behind the two strikers, Pierre-Emerick Aubameyang and Alexandre Lacazette. Meanwhile, Emery's team has kept only three clean sheets in 22 league games. "There are times," Emery said, "when defensively we have not been very solid but we have still won because offensively we have created a lot of chances. So, at the moment, I am still leaning toward making sure the team doesn't lose what it has." Emery doesn't have the option of buying his way out of trouble. He said last week that there is no money available for permanent signings, only loans, with Arsenal having spent 70 million pounds on four players in the offseason and a club-record 56 million pounds on Aubameyang last January. In an attempt to formalize a structure to the technical staff above the manager, Arsenal created the positions of head of football relations (Raul Sanllehi joined from Barcelona) and head of recruitment (Sven Mislintat joined from Borussia Dortmund) in 2017. No way was Emery going to have the same power as Wenger. Yet sections of the British media are reporting this week that Mislintat is on his way out as part of a power struggle in the wake of the departure of chief executive Ivan Gazidis, who left for AC Milan in October. So, potential upheaval behind the scenes. No money to spend. Apparent rifts with key players. And a defensively suspect team that has lost four of its last eight games. It's a huge week coming up for Arsenal and Emery, for whom the enormity of the task in replacing Wenger might finally be sinking in......»»

Category: sportsSource:  abscbnRelated NewsJan 17th, 2019

More gas stations impose higher fuel excise taxes

Over 260 retail stations have already applied the second round of fuel excise taxes this year, the Department of Energy (DoE) revealed. In a press briefing, Energy Undersecretary Felix William…READ The post More gas stations impose higher fuel excise taxes appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 8th, 2019

First Gen to supply power to Cebu-based food manufacturer

A food manufacturing firm is the latest addition to the roll of power retail clients of Lopez-owned First Gen Corporation, the only power company in the Philippines that clings on to its offer of clean energy solutions. First Gen to supply power to Cebu-based food manufacturer Source link: First Gen to supply power to Cebu-based food manufacturer.....»»

Category: newsSource:  manilainformerRelated NewsJan 5th, 2019

‘WE’RE HERE FOR ILONGGOS’: Global Power vows to serve Iloilo City amid PECO-MORE franchise dispute

THE sole power producer located in Iloilo City will continue to serve consumers whoever secures the congressional franchise to distribute electricity in the city. This was the assurance of Jaime T. Azurin, president of Global Business Power Corp. (GBPC), in a press conference on Dec 17, 2018. GBPC owns Panay Energy Development Corp (PEDC), which […] The post ‘WE’RE HERE FOR ILONGGOS’: Global Power vows to serve Iloilo City amid PECO-MORE franchise dispute appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 19th, 2018

Oil producers see oversupply, eye cutting output

ABU DHABI, United Arab Emirates -- Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments. Khalid al-Falih, Energy Minister of the world's top supplier Saudi Arabia, said the kingdom would cut its production by 500,000 barrels per day. Russia, the world's second-biggest producer, said it would commit to any new agreement among producers to cut output. Meeting in Abu Dhabi to examine how to curb a sharp slide in oil prices, the producers said they "reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than global requirements." Th...Keep on reading: Oil producers see oversupply, eye cutting output.....»»

Category: newsSource:  inquirerRelated NewsNov 12th, 2018

2 oil exploration contracts awaiting Duterte s signature – Cusi

MANILA, Philippines – Two oil exploration contracts are already in Malacañang waiting for President Rodrigo Duterte's signature, with one of them likely to be signed with China state-owned oil producer China National Offshore Oil Corporation (CNOOC). This was announced by Energy Secretary Alfonso Cusi on Wednesday, November 7, during a ........»»

Category: newsSource:  rapplerRelated NewsNov 7th, 2018

Duterte signs EO on foreign investment limitations

President Rodrigo Duterte has signed the 11th Foreign Investment Negative List. Duterte signedExecutive Order No. 65 on October 29, which specified areas of economic activity where foreign ownership is prohibited by the Constitution or laws. Mass media Practice of professions Retail trade enterprises with paid up capital of less than US$2, 5000, 000 Cooperatives Organization and operation of private detective, watchmen, or security guard agencies Small-scale mining Utilization of marine resources in archipelagic waters, territorial sea and exclusive economic zoneas well as small-scale utilization of natural resources in rivers, lakes, bays and lagoons Ownersh...Keep on reading: Duterte signs EO on foreign investment limitations.....»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2018

West take notice: Lakers top unbeaten Nuggets

By Shaun Powell, NBA.com LOS ANGELES -- There are foreign roads to navigate, traffic to curse and weather to bless. Change can be a mixed bag, even for LeBron James, and we haven’t yet mentioned his other new and complex surroundings, meaning, teammates to break in. There’s also a third layer to this unfamiliar skin, and this could be the most uncomfortable of them all. Yes, if LeBron and the Lakers are to deliver more than just must-see TV for insomniacs around most of the country, they must find a way to flex muscle in the Western Conference. As LeBron has already discovered, he ain’t in Kansas anymore. Actually, make that Orlando, Charlotte, Brooklyn, etc., etc., etc. For a superstar who doesn’t take nights off, well, he can’t afford to do so anyway in the West, where there’s seemingly another potential 50-game winner staring from the other bench. That’s what Thursday (Friday, PHL time) was all about, planting concern into the heads of the elite teams of the West and making them notice what’s taking place in Los Angeles. The Nuggets came into Staples Center undefeated and left with some clues about what LeBron and the Lakers can be in the near future, after they deal with the early bonding process. “Growth that’s continuing to happen,” is how Lakers coach Luke Walton described it. LeBron had his first triple-double as a Laker and given the circumstances -- no Rajon Rondo or Brandon Ingram, both suspended, for a second straight game -- they delivered their most impressive 48 minutes of the season with a 121-114 win. “The first couple of games when we fell behind, we stayed behind,” said LeBron, noting how the Lakers seized control from the Nuggets for good late. “The best teacher in life is experience.” These are the type of games he will see more frequently than he did with the Cavaliers and Heat. For someone who spent his entire career in the East, the upgrade in competition will force LeBron and the Lakers to sharpen their learning curve. Already the West shows few signs of fall-off from a year ago when 10 teams finished with winning records; because only the top eight make the playoffs, the remaining two had to go home, wishing they were in the East. It’s a small sample size so far, yet once again, it’s business as usual in the better conference: The Warriors remain the class of the conference and league, with all the usual suspects that delivered three championships in four years accounted for. OK, sure, Klay Thompson might need to dispatch his trusty dog Rocco to search for his missing jumper. But: Did you see Steph Curry drop 51 on the Wizards the other night? Well, then. What’s interesting and most frightening about the Warriors is how they’re still a few months from suiting up DeMarcus Cousins, who has advanced to light work and dropping sweat in non-contact drills. Last season’s West runner-ups, the Rockets, are obviously missing the perimeter defense and shooting of Trevor Ariza, who signed with the lowly Suns (purely a money-grab for him). Meanwhile, Carmelo Anthony is shooting 26 percent from deep and straining while trying to keep this from becoming an extension from his Oklahoma City stop. Also: James Harden is dealing with a tweaky hamstring and Chris Paul, fresh from wiping Rajon Rondo’s DNA off his face, his serving out a suspension. Yet this will not last long; already, Rockets GM Daryl Morey is up to his tricks, scheming to trade a plate of Texas brisket to the Timberwolves for Jimmy Butler. If Morey pulls that off, the Rockets will have three All-Stars in their starting five, second only to the Warriors. LeBron must beware of Rondo’s old team, which is playing like it isn’t missing Rondo as much as some folks were led to believe. The New Orleans Pelicans is flourishing with a breezy style that’s a carryover from their surprising second-round run in last spring’s playoffs, with Niko Mirotic putting up more points than Anthony Davis and ex-Laker Julius Randle fitting right in next to AD. Speaking of the unexpected, the Spurs with DeMar DeRozan off to a good start could make it 22 straight playoff appearances after all the changeover and injuries. And Pat Beverly said the Clippers are the best team in LA; take that for what it’s worth, but it shows you that nobody is rolling out the red carpet for the Lakers just because they added LeBron. The Nuggets missed the playoffs on the final regular season day last season and they’re perhaps wiser for it. Nikola Jokic is making his top-three center case and Denver’s defense is rating No. 1 in efficiency. What they saw Thursday (Friday, PHL time) was a controlled and efficient game from LeBron (28 points, 11 rebounds, 11 assists); Lonzo Ball strip Jamal Murray in the open floor for one of his five steals; former Warriors role player JaVale McGee actually getting 16 shots and doing something with it with 21 points; and highly entertaining energy from Lance Stephenson off the bench. Nuggets coach Mike Malone was an assistant from 2005-10 in Cleveland and therefore saw the LeBron Effect first-hand in those formative years. “Sure, the West is tougher,” Malone said, “but also this is his first time playing with all those guys. As he said, this will take time. It doesn’t happen overnight, just as it didn’t last year in Oklahoma City when they brought in Paul George and Carmelo Anthony and everybody thought they were going to be great right away. Playing with LeBron isn’t easy. It easy, but it isn’t easy. When we traded for guys like Wally Szczerbiak, he comes in and says `I’ve never been this open in my life.’ He had a hard to making shots because he was so open. “LeBron is bringing all those guys confidence up. Josh Hart, Kyle Kuzma, they’ll be better off for it. He’s a great player and slowly the team will round into form. My definition of greatness is, what can you do for everyone around you? Can you take them to new heights? And he has done that repeatedly throughout his career. He’s doing the same thing now in LA.” A week into the season tells us this about the Lakers: They’ve played four of their five games against playoff teams, winning only one but taking the other three well into the fourth quarter. They’re two missed LeBron free throws from a winning record. LeBron is MVP-like and sturdy as ever, and the other pieces are slowly dropping into place. Whether it’ll be good enough to make traction in a tough conference will take months to sort out. Yes, the West is better. But that’s also because the Lakers fueled by LeBron, no longer the post-Kobe pushovers, are better as well. Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting. .....»»

Category: sportsSource:  abscbnRelated NewsOct 26th, 2018

PHL signs oil exploration deal with Israel’s Ratio Petroleum

THE Philippines on Wednesday formally awarded a petroleum service contract (PSC) to Israeli firm Ratio Petroleum Ltd. for the exploration of an area in the east Palawan basin, a move which the Energy department said bodes well for country’s upstream petroleum industry. The post PHL signs oil exploration deal with Israel’s Ratio Petroleum appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2018

PH signs deal with Israeli firm for oil exploration east of Palawan

MANILA, Philippines – The Philippines has signed an oil exploration deal with Israeli firm Ratio Petroleum Ltd, allowing the company to explore for oil and gas resources in an area east of Palawan. The Petroleum Service Contract (PSC) was signed by President Rodrigo Duterte, Energy Secretary Alfonso Cusi, and Ratio ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

NEW YORK --- Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Sears, which started as a mail order catalog in the 1880s, has been on a slow march toward extinction as it lagged far behind its peers and incurred massive losses over the years. "This is a company that in the 1950s stood like a colossus over the American retail landscape," said Craig Johnson, president of Customer Growth Partners, a retail consultancy. "Hopefu...Keep on reading: Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt.....»»

Category: newsSource:  inquirerRelated NewsOct 15th, 2018

Vivant units sell 48% stake in renewable energy firm

CEBU-BASED Vivant Corp. said on Friday that two of its subsidiaries sold their shares in a northern Luzon renewable energy company that has an independent power producer (IPP) administrator contract with the government. The post Vivant units sell 48% stake in renewable energy firm appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 12th, 2018

ERC to act on customer complaints vs Iloilo cooperative

The Energy Regulatory Commission has vowed to act on customer complaints against Iloilo’s utility firm Panay Electric Co., which is seeking to renew its franchise and refund customers about P34 million in overpayments......»»

Category: financeSource:  philstarRelated NewsOct 5th, 2018

GBP forges retail power supply contract with Robinsons Land

GLOBAL Business Power Corp. (GBP) said its unit in retail electricity had signed a power supply agreement with Robinsons Land Corp. (RLC) under the Energy Regulatory Commission’s (ERC) retail competition and open access (RCOA) scheme......»»

Category: financeSource:  bworldonlineRelated NewsSep 26th, 2018

Saudis shift own oil diet to supply buyers who are shunning Iran

By Bloomberg As impending U.S. sanctions squeeze Iranian oil supplies, top OPEC member Saudi Arabia is changing its own crude diet to meet customer demand for alternative cargoes. The trading arm of state-run producer Saudi Aramco is said to be offering an ultra-light oil known as Khuff condensate, a rarely traded grade that’s typically processed in […].....»»

Category: financeSource:  bworldonlineRelated NewsSep 26th, 2018

China s economy showing weakness as investment growth hits new low

The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilized. Beijing faces.....»»

Category: newsSource:  philippinetimesRelated NewsSep 16th, 2018

US ‘likely’ has taken over as the world’s top oil producer

      The United States may have reclaimed the title of the world's biggest oil producer sooner than expected.   The U.S. Energy Information Administration said Wednesday that, based on preliminary estimates, America "likely surpassed" Russia in June and August after jumping over Saudi Arabia earlier this year.   If those estimates are right, it would mark the first time since 1973 that the U.S. has led the world in output, according to government figures.   The energy information administration and the International Energy Agency, a global group of oil-consuming nations, had predicted that the U.S. would eventually pass Russia...Keep on reading: US ‘likely’ has taken over as the world’s top oil producer.....»»

Category: newsSource:  inquirerRelated NewsSep 13th, 2018

DoE rolls out inflation buster

The Department of Energy (DoE) has worked closely with oil firms in pursuit of mitigating measures that would help consumers cope with rising electricity prices. Following consultation meetings, ten oil companies with 1,317 total participating retail stations now offer discounts from P1 to P3 to public utility vehicles (PUV). These include Caltex, Filpride, Jetti, Petron, […].....»»

Category: newsSource:  tribuneRelated NewsSep 11th, 2018