[VIDEO]: Diokno: Marcos’ ‘disbelief’ over 6.1% June inflation rate was ‘misunderstood’
Finance Secretary Benjamin Diokno said that President Bongbong Marcos was thinking about the year-to-date inflation (January to June) at 4.4%. Not the June inflation at 6.1%. Inflation to go down 4.2% in 2023. We have a lot of fiscal space. Revenues will grow, explained Diokno. The Philippines is better than other countries. Like Thailand and European countries. The price surge of electricity and other fuels triggers world inflation.
Inflation to Remain Elevated
Inflation will remain high in the next few months. But the country’s fiscal space can sustain it. Fiscal space is the room in a government´s budget that allows it to provide resources for a desired purpose. This is without jeopardizing the sustainability of its financial position or the stability of the economy.
Continue to Grant Subsidies
Targeted subsidies will continue. The first tranche of fuel subsidy for the transport sector will be completed in July. The President is to expedite the second tranche for this group. The poverty rate will go down 9% in 2023. National debt to go down 60% by 2025. Build Build Build to expand further. On the basis of fairness, digital payments will be taxed. No mention of the electricity rate remedy.
Tune In Kay Tunying
[VIDEO]: Is Marcoleta keeping his distance from PBBM?
PBBM’s Electricity Management Offers
President-elect Bongbong Marcos made not just one but two offers to Congressman Rodante Marcoleta. Many are banking on him to lower the electricity cost. He was offered as Energy Secretary but he declined because of unfamiliarity to venture into another branch. He has then given an alternative spot which is the chairmanship of the Energy Regulatory Commission.
The Appointment Speculations
When Marcoleta withdrew from the Senate race, many thought that perhaps he has a cabinet appointment deal already with PBBM. But he was true to his reason that the low survey score was the driving force for him to stop his quest to the higher Congress. The question now is, what about the electricity promise of the new President?
Marcoleta decides not to accept the offers of PBBM because the he thinks that he can help better in the legislative branch. In fact, he already have 10 bills ready for the energy measures. It’s just unfortunate that he did not make it to the Senate. So, he’s continuing his passion in the lower Congress.
[VIDEO]: Bongbong Marcos ‘dedicated’ to more sustainable, renewable energy in PH — envoy
Banking from Electricity Source Experience
President-elect Bongbong Marcos is dedicated to utilizing more sustainable and renewable energy in the Philippines, says Danish Ambassador Grete Sillasen. While there are no actual plans yet, he is banking on his experience in his own province. They have windmills as electricity sources, she added.
The Bataan Nuclear Power Plant Issue
Although there are ongoing studies to revive the Nuclear Power Plant, around 600 megawatts of electricity production can contribute but not enough to cover the tremendous shortage. Congressman Rodante Marcoleta also calls on Congress to revise The Electric Power Industry Reform Act which allowed private companies to build and operate energy facilities. Because they can impose huge profits and pass the burden on to the consumers.
Luzon Power Shortage
The NGCP said thin operating margins is used to manage and balance the grid forecasted in the Luzon from April to June due to increase in demand during the dry season. Rotational brownouts are more likely to avoid total loss of power in certain areas.
Real South Pride Production
[VIDEO]: Why is South Korea helping PBBM for the revival of Nuclear Power Plant?
Sources of Electricity
The country’s sources of electricity are; 47% coal, 22% natural gas, 24% renewable energy, and 6% oil. Renewable energy is composed of hydro, geothermal and solar. This can be increased. The same as natural gas since we have resources from Ligwasan and some parts in Mindanao. Plus the possibility of having more from the Bataan Nuclear Power Plant.
The Bataan Nuclear Power Plant
620 megawatts electricity can be produced from the Bataan nuclear power plant. President Rodrigo Roa Duterte asks PBBM to continue his father’s project by signing Executive Order 164. Coal sources are running out. So, it is crucial to find an alternative source.
Why South Korea?
Philippine Nuclear Research Institute Director Carlo Arcilla reveals that South Korea’s offer to rehabilitate the plant is likely. The cost is around $1 billion Most of South Korea’s nuclear power plants are of the same age as the BNPP. They have also recovered the construction expenses in just six years.
BANAT NEWS TV
[VIDEO]: Marcoleta is determined to Face the Oligarchs just to Lower Electricity Rate
Reduce Electricity Cost
Congressman Rodante Marcoleta explains his road map on how to reduce electricity costs in the country as per the tasks given by incoming President Bongbong Marcos. Political will is crucial in this area. The oligarchs has been monopolizing the energy sector since EDSA. So, he must have the power to implement rules and regulations.
Just, Reasonable and Competitive Rates
The EPIRA Law dictates that the supplier must provide to all the consumers just, reasonable, and competitive rates. These are embodied in their franchise permits. Affordability is the goal of this requirement. If this is not provided, there’s definitely a breach of contract.
Road Map of the Task
The existing policies must be used for the benefit of the people. Meralco, Veco, and other electricity providers must comply to the law to retain their distribution rights. This is a proof that the Congress in the past has been weak against the oligarchs. That should change now with Marcoleta and PBBM on their tail.
PH BREAKING NEWS
[VIDEO]: Bongbong Marcos Immediately Appoints Rodante Marcoleta as Energy Secretary
Lowering Down the Country’s Electricity Cost
Lowering the country’s electricity costs is the advocacy of Hon. Rodante Marcoleta. Speculations had it that he may be appointed as Justice Secretary but it didn’t happen. So, he might as well be the Energy Secretary. Bongbong Marcos still awaits for his response.
EPIRA law already provides the mechanism to lower electricity costs but there’s no law to implement it, said Marcoleta. The Electric Power Industry Reform Act (EPIRA) mandates the Energy Regulatory Commission (Commission) to promote competition, encourage market development, ensure consumer choice, and penalize abuse of market power in the restructured electricity industry. So, Marcoleta would like to investigate why there are charges in the electricity bill that says system loss.
Local Franchise Tax
The Malampaya proceeds can be the source for the payment of the local franchise tax. This should not be charged to the consumers. Things like this needs to be scrutinized. Therefore, Meralco and other electricity providers must be ready to answer all these queries.
UNTV News and Rescue
[VIDEO]: PBBM Looks Closely on Nuclear Power Plant Offer of South Korea
Shortage of Electricity
The country’s cost of electricity is one of the highest in Asia. The late President Ferdinand Marcos built the Bataan nuclear power plant but his predecessors did not continue it despite of his plea. Now that his son, Bongbong Marcos is the president, he’s looking closely at South Korea’s offer to revive it.
South Korea’s Offer
South Korea already sent their team of experts for the inspection of the power plant in Bataan. They are expected to make a proposal for their recommendations. PBBM is quite open to this. He believes that the advanced technology available nowadays can prevent past disasters to happen. So, Filipinos can have cheaper electricity.
Leaders from different countries are racing to greet the victory of PBBM in the recent elections. Presumptive President Marcos said that all of them already recognized his leadership. In fact, most of them already have propositions for their continued bilateral relationships may it be through trade, economic, or any alliances. He welcomes all of them for as long as they are for mutual benefit.
Kuya Bok Tv
[VIDEO]: The Batangas crowd in raw video footages
BBM’s Electricity Agenda
Bongbong Marcos promised to Batangeños that he would work to lower electricity costs in the country. He will aslo help revive Batangas’ tourism sector when he wins as president. The cheers were non-stop as Andrew E. entertained them with his true-to-life raps.
A Crowd of 300,000
Around 300,000 people made it to the grand rally at the Lima Commercial Estate on the borders of Malvar town and Lipa City in Batangas. This was after the whopping success in Cebu. The need for a reliable electricity was a crucial promise but Andew E. just drove the crowd crazy as he thanked Inday Sara for his involvement in the Uniteam.
The raps were humorous but they told a real story. The crowd was real and not just a photoshopped one. The video does shows footages of real people. Happy, warm, and supportive of the BBM-Sara Uniteam. That’s indeed one for the road after Cebu’s massive display of power.
Electicity Problems Alert
Constant alerts are now visible. These are due to the high cost of electricity and the lack of supply. NGCP is a private corporation in charge of operating, maintaining, and developing the country’s power grid. It is an interconnected system that transmits gigawatts of power at thousands of volts from where it is made to where it is needed. BBM explains the effects of his father’s abandoned power projects.
The Visionary Electric Projects of FEM
The late President Ferdinand Marcos already knew that the country would soon face the power crises happening during the pandemic. That was why he pushed for geothermal technology and nuclear power plants during his time. However, they were abandoned in 1986 during the EDSA mutiny. Now, 3 of the existing electric plants are shut down. That’s why the vaccine supplies are in danger.
Renewable Energy Sources
The windmill and solar electricity systems are now in an advanced state. The citizens of the country can greatly benefit from it. To be able to do that, changes in the laws are crucial. Lawmakers must study the appropriateness of such rules with the present time. Bongbong Marcos believes that renewable energy is the key. This is the kind of supply that will never run out, he added. Hydroelectric power may also be the future. It’s a relief to know that the Philippines has a vast supply of raw hydrogen necessary for its production.
Supreme Court Associate Justice Marvic Leonen to make a decision on Bongbng Marcos’ protest
Electricity Bolt Felt at the SC
According to reliable sources, the magistrates at the Supreme Court put pressure on Ponente, Marvic Leonen like high electricity volt. This is a follow up on the Associate Justice’s promise to make a decision on Bongbong Marcos’ protest this month. There are rumors that Marcos is on the favorable side. So, loyalists inquire on updates for the said case. However, mainstream media has not picked up on this matter yet.
Filing of Candidacy
Marcos announces on his vlog that he is definitely a candidate in the 2022 elections. Part of his plan in 2021 is the filing of his candidacy in October. He also mentions that he fears that his protest will become moot and academic due to Leonen’s lack or slow actions.
Tandem to Beat in 2022
It is also a hot topic on social media that the Marcos and Mayor Sara alliance or vice versa is the tandem to beat. This comes out after Inday Sara tops the list of Pulse Asia’s list of presidentiables. Marcos follows next. Therefore, it is only logical for the magistrates to press Leonen for a decision because the next election is fast-approaching. So, let’s keep on knocking Leonen’s door.
Proceeds go to ISTAC: Innovative Skills Training Advisory Center