Japan backs Clark Green City dev’t

 Economy
Aug 142015
 
Japan backs Clark Green City dev’t

MANILA, Philippines – The Japanese government will aid the Philippines in developing the 9,450-hectare Clark project envisioned as the first disaster-resilient and green city in the country. In a statement, state-owned Bases Conversion and Development Authority (BCDA) said it has signed a cooperation agreement with the government of Japan through the Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN) to develop Clark Green City as a major economic center in the Southeast Asia region. BCDA president and chief executive officer Arnel Paciano Casanova said the involvement of the Japanese government corporation in Clark Green City would lead to multiple joint venture partnerships that would serve as vehicles for the formation of Japanese consortium and investments in the field of power, transportation, tollways, industrial zones and economic centers. “By investing in Clark Green City, the government of Japan will help transform it into a major economic center of the Asean economic bloc,” Casanova said. Under the memorandum of cooperation entered by the BCDA and JOIN, Casanova said both parties would craft a project implementation framework which would ensure the economic, financial and commercial viability of building and operating Clark Green City. Casanova said the involvement of JOIN right at the very start of the planning stage of the project implementation framework would allow BCDA to identify and attract Japanese private investors make the project more viable both financially and commercially. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The goal is to create a viable project implementation Read More …

Subic attracts $200-M solar, wind power facilities

 Economy
Aug 142015
 
Subic attracts $200-M solar, wind power facilities

MANILA, Philippines – Filipino-owned renewable energy company Emerging Power Inc. (EPI) is investing at least $200 million to develop solar and wind power projects at the Subic Special Economic Zone. In a statement, EPI said it would put up renewable energy facilities on Mt. Sta. Rita in Zambales. The solar project, which is expected to reduce coal consumption by 44,300 tons per year, is expected to cost $200 million and should be operational by June 2016. A feasibility report released in March showed the site is a suitable location for a solar energy facility that can produce up to 100 megawatts (MW) of power. The report cited “convenient traffic, superior geographic position and rich solar  energy resources” as factors proving the viability of the project. EPI said it would also build a wind facility in the area but did not disclose further details about the project. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “This time, we are bringing clean and renewable power to SBMA (Subic Bay Metropolitan Authority). What better way to spark progress and growth to the people of Subic and investors in the country’s first freeport than by making clean and stable power available to them,” EPI chairman Antonio Martin Zamora said. He said the projects meet the increasing demand for energy of the emerging freeport while also speeding up the area’s economic and social development. It also meets the objectives of the country’s national energy policy to reduce reliance on fossil fuels and alleviate pollution.  Read More …

Always Chink Positive + Part 1

 News
Aug 142015
 
Always Chink Positive + Part 1

Chinkee Tan What often comes to your mind when you are about to board an airplane? “What if it’s going to crash!” What often comes to your mind before you enter into a business venture? “What if it doesn’t make money!” Whether we admit it or not, we are quicker to think of the negative rather than of the positive. Being a negative thinker can be a bad habit. Because it is a habit, it will be difficult to think positively about life especially if we were not taught how to be positive, and if we grew up surrounded by negative people. The question is, how can you be a positive thinker when everything around you influences you to always be negative? 10 PRACTICAL TIPS TO STAY POSITIVE TIP #1: SURROUND YOURSELF WITH POSITIVE PEOPLE It is good to have many friends, but choose your circle of friends. These are the people whom you will be hanging out with more often. As the saying goes “tell me who your friends are and I will tell you who you are”. If we allow ourselves to be surrounded by people who do nothing but criticize, are ungrateful, and pessimistic, it won’t be long until you too will find yourself doing the same thing. Negativism is highly contagious! Choose people who are supportive and positive. Exposing yourself to these types of people will help you think and act positively. TIP #2: ALWAYS THINK THAT THE GLASS IS HALF FULL, AND NOT HALF EMPTY Read More …

 Older Entries  Newer Entries