Maniolas

This could create a vacuum in several GOCCs as some of the appointees of President Duterte did not go through vetting process of the Governance Commission on GOCCs as prescribed under RA 10149. KJ Rosales, file MANILA, Philippines – Hold-over officials of government-owned and controlled corporations (GOCCs) are stepping down from their posts effective today. This could create a vacuum in several GOCCs as some of the appointees of President Duterte did not go through vetting process of the Governance Commission on GOCCs as prescribed under RA 10149. The GCG source who declined to be identified because she is not authorized to speak on the matter, said the GCG has been “reminding” Malacanang about the requirement since it took over and even after memorandum circular 1 was issued.  Under the circular, officials from the previous administration may stay on hold-over capacity until July 31. Vetting and shortlisting requirements on GOCC appointments were listed under Section 16 of the GOCC Governance Act of 2011. It said presidential appointees to the director level, chief executives and board of trustees would need to come from a GCG shortlist. Section 16 of the law states that all board members, chief executive officers and the equivalent as well as all appointive directors will need to pass the “fit and proper” rule. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “To maintain the quality of management of the GOCCs, the GCG…shall… prescribe, pass upon and review the qualifications and disqualifications of individuals appointed as officers, Read More …

THE Department of Energy (DoE) has asked the Energy Regulatory Commission (ERC) to look into whether power plant operators are intentionally scheduling outages at the same time to bring up electricity rates.

A 15-member Japanese consortium from the food processing and storage industries will tie up with local partners with investments of up to $500 million to source agricultural and fishery products for export, particularly unagi, or eel.

MANILA, Philippines – The Department of Energy (DOE) has formed a task force to resolve debt issues of ailing electric cooperatives (ECs), particularly of debt-ridden Albay Electric Cooperative (Aleco). DOE spokesperson Pete Ilagan said the task force is composed of the DOE, the National Electrification Administration (NEA) and the local government units (LGUs). He said the task force would determine whether government would step in through NEA, the government agency mandated to provide total electrification on an area coverage basis as it pursues the rural electrification program. “NEA’s step in powers is just there to help improve the situation to make the EC viable. It is government’s way of assisting a utility, which is performing a public service. So if the task force sees public service is undermined because of some financial problems or management problems, it will be given attention through financial aid or through strengthening the management capability,” Ilagan said. Among ECs, Aleco is one of the ailing ECs for failing to meet financial and operational parameters, even after a year San Miguel Corp. (SMC) took over its management in 2013. SMC renamed Aleco as Albay Power and Energy Corp. (APEC). Ilagan said Aleco’s financial and management aspects will be scrutinized by the task force. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “We need to know the situation right now to determine how it got into that situation,” he said, noting the DOE had already ordered the task force to make a report. “We also have Read More …