DoE’s Lotilla says gov’t involvement in power will not bring rates down

ENERGY Secretary Raphael P.M. Lotilla told legislators that electricity rates will not fall if the government re-enters the power business. “If Congress brings back the state into the power sector… (the government) will have to fund the maintenance of the power sector,” he said at the House committee on energy on Thursday. At the hearing, […]

Treasury fully awards reissued bonds

THE GOVERNMENT fully awarded the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average rate amid robust demand, which led it to open its tap facility. The Bureau of the Treasury (BTr) raised P35 billion as planned from its offer of reissued 10-year securities that have a remaining life of […]

Visayan Electric power rates up

THE price of fuel in the world market and the peso-dollar exchange rate have pushed residential electricity rates up by P0.65 for the July-August billing month of Visayan Electric Company customers.The average rate for residential customers is now P14.35 per kilowatt hour (kWh) or a P130 hike for customers with an average monthly electricity consumption […]

Milestone of THz Communication

TOKYO, Jun 29, 2022 – (JCN Newswire via SEAPRWire.com) – Scientists from a project coordinated by Technische Universitat Braunschweig in Germany and Waseda University in Japan with ten other partners from five countries have succeeded for the first time worldwide in developing a bidirectional THz radio link that can be connected as a “backhaul” to […]

Employers urged to comply with new wage rates in Central Visayas

THE Department of Labor and Employment (Dole) has urged all employers to comply with the new minimum wage rates applicable in Central VisayasNew wage rates for private workers (Wage Order No. ROVII-23) and domestic workers (ROVII-D.W.No. 03) in the region became effective on June 14.According to Labor Undersecretary and Dole 7 concurrent regional director Victor […]