Maniolas

We write in connection with the reply of the media relations officer of the Insurance Commission seeking to “clarify matters” in relation to the issues raised in the article of Ms. Mary Ann Reyes which was published in the Sept. 14 issue of The Philippine STAR. It is not correct for the Insurance Commission to say that because the civil complaint to recover insurance proceeds for material damage due to fire and business interruption losses provided under the insurance policy issued by the insurers of Steel Corp. of the Philippines (SCP), “(t)here is no way for the Insurance Commission to assume jurisdiction and hear the cases because the claims exceed the jurisdiction amount of P5 million provided under Section 439 of the Insurance Code as amended by RA 10607 which took effect on Sept. 20, 2013.” What is correct is that, as admitted by the reply, “what is pending before the Insurance Commission are administrative cases seeking the suspension and revocation of licenses of the insurance companies who issued the insurance policies involved in the incident. These cases do not seek to recover insurance proceeds for material damage due to fire and business interruption losses provided under the insurance policies.” Indeed, administrative cases filed with the Insurance Commission for its commissioner to exercise his regulatory authority to determine whether or not an insurer has violated certain provision of the Insurance Code are not affected by the filing by the insured of civil complaints with the regular courts for recovery of Read More …

The power regulator commissioned a third party to study and make reconmmendations on the system loss charges aimed to benefit consumers, ERC spokesperson Floresinda Digal said after Sen. Sherwin Gatchalian asked for updates on the reduction of system loss charges during a Senate hearing yesterday. MANILA, Philippines – The Energy Regulatory Commission (ERC) has tapped a third party consultant to do a review on the system loss charges aimed to reduce the pass-on burden to consumers. The power regulator commissioned a third party to study and make reconmmendations on the system loss charges aimed to benefit consumers, ERC spokesperson Floresinda Digal said after Sen. Sherwin Gatchalian asked for updates on the reduction of system loss charges during a Senate hearing yesterday. System loss refers to unbilled power caused by pilferage and physical loss of energy when electricity passes through distribution lines, which can be passed on to consumers as stated under Republic Act 7832, or Anti-Electricity and Electric Transmission Lines/Materials Pilferage Act of 1994. The ERC awarded last month the contract to conduct the system loss review to local consultancy firm PowerSolv Inc., Digal said. Under the terms of reference (TOR), PowerSolv will review how the components of the system loss charge can be segregated into technical and non-technical items as well as study updating the system loss cap, she said. “The first part of the TOR will be a study on how system loss can be segregated to technical and non-technical, including what levels of technical and non-technical, if Read More …

MANILA, Philippines – Online job hiring in the Philippines sustained its upward trend, rising by four percent in August on positive economic outlook in the country, an online research firm said. According to the Monster.com, the country’s job market has seen substantial improvement in the past months and is likely to continue its momentum until the end of the year. “The growth is in part due to the recent effective policies rolled out following the elections, as well as the increase in infrastructure projects, creating more job opportunities across the country,” said Sanjay Modi, managing director for Asia-Pacific and Middle East at Monster.com. In particular, the education sector recorded its fourth consecutive double-digit growth as it spiked 27 percent year-on-year in online hiring, the top growth among all job sectors. Purchase, logistics and supply chain roles also registered a 23 percent increase while information technology and telecoms recorded a four percent decline. Customer service saw the most notable decline, falling 23 percent as against the 18 percent growth reported between July 2015 and 2016. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The MEI is a monthly gauge of online job posting activity based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across the Philippines.