Businessmirror December 16, 2018

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DEPARTMENT OF SCIENCE & TECHNOLOGY

PHILIPPINE STATISTICS AUTHORITY

2018 BANTOG DATA MEDIA AWARDS CHAMPION

BusinessMirror

www.businessmirror.com.ph

A broader look at today’s business n

Sunday, December 16, 2018 Vol. 14 No. 67

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POWER TO THE PEOPLE Bicameral approval of one-stop-shop measure that is seen to cut bureaucratic paperwork and hasten development of power projects raises hopes of power stakeholders.

AERIAL view of power pylons and high-voltage lines passing through the Cordilleras. ALEXEY KORNYLYEV | DREAMSTIME.COM

T

By Lenie Lectura

HE recent congressional bicameral conference committee approval of the Energy Virtual One-Stop Shop bill, or Evoss, has raised the expectations of power industry stakeholders. Evoss, in a nutshell, seeks to establish an online platform where power players would be able to apply, monitor, and receive all needed permits and applications, submit all documentary requirements, and even pay for charges and fees.

The measure, likewise, streamlines the permitting process of power generation, transmission and distribution projects in the country, thereby eliminating the overlapping mandates in documentary submissions, which mainly contribute to the lengthy application process of power projects. Within the Department of Energy, permits for all energy projects are processed within 25 days. Securing a similar permit from the DOE, however, is only 10 percent of the entire permitting process. According to Sen. Sherwin T. Gatchalian, chairman of the Senate Committee on Energy, it takes 1,340 days to secure a permit, 359 signatures needed for the permits

to be signed, and involves 74 different agencies, including the DOE. “The permitting process to get a power plant off the ground takes at least three-and-a-half years. This legislation will eradicate the red tape in the process, which impedes the increase of the country’s energy supply,” said Gatchalian, principal author of the bill.

Investor confidence

ULTIMATELY, Evoss is projected to drive down electricity costs and provide significant savings to electricity consumers. But exactly how will Evoss bring down power rates? If investors, both local and foreign, see an improved permit-

ting process, then they would be encouraged to apply for new power projects, thereby stimulating competition in the Philippine energy generation industry. “The elimination of red tape in the permitting process will go a long way toward rejuvenating our energy sector. It will remove a formidable barrier to entry that has often discouraged foreign firms from entering the generation market,” Gatchalian said. Consequently, competition will heighten as more energy projects are built. In the power-generation business, more power plants would mean more electricity supply. More supply would then drive Continued on A2

GATCHALIAN: “The permitting process to get a power plant off the ground takes at least threeand-a-half years. This legislation will eradicate the red tape in the process, which impedes the increase of the country’s energy supply.”

Silent nights, quiet peril

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By Estrella Torres | Special to the BusinessMirror

HE Philippines has 95 children dying every day due to malnutrition, a hard fact to contend with as the nation readies for Christmas when tables are filled with sumptuous dishes.

The situation of children in the country fares equal to those in war- and famine-stricken Yemen, where a child dies every 10 minutes, according to studies of Save the Children. Globally, there are three threats to the lives of children below five years old--poverty, armed conflict and discrimination against girls. In its 2017 report, titled “End of Child-

hood Report,” at least 155 million children under age 5 were said to suffer from chronic malnutrition. Lawyer Albert Muyot, chief executive officer of Save the Children Philippines, said for three decades, the problem of malnutrition has stalked millions of children in the country due to intergenerational poverty. Stunted and underweight

PESO EXCHANGE RATES n US 52.6150

mothers are at higher risk of giving birth to underweight offspring, according to him. “Malnutrition is a silent killer among the children of poor and marginalized families,” he said. His group welcomed the signing of the First 1,000 Days law, now Republic Act 11148, which addresses preventable infant and maternal illnesses and deaths and malnutrition among millions of Filipino children of poor families. “We welcome the enactment of the First 1,000 Days law, to be known as ‘Kalusugan at Nutrisyon ng Mag-Nanay Act,’ that will ensure children of poor families will have access to quality health and nutrition services to help them achieve optimum growth and development,” said Muyot. Continued on A2

MERALIE, 32, poses for a photo at her home in Navotas City with her five-month-old daughter Andrea. Meralie was undernourished while she was pregnant, but received support from Save the Children’s Community-based Management of Acute Malnutrition (CMAM) project in the form of food vouchers that helped keep her and her baby healthy. LJ PASION/SAVE THE CHILDREN

Hunger in a time of plenty: As the nation prepares for the world’s longest Christmas season, millions of children remain part of the chilling statistics on hunger and malnutrition.

n JAPAN 0.4632 n UK 66.6422 n HK 6.7347 n CHINA 7.6436 n SINGAPORE 38.3743 n AUSTRALIA 38.0143 n EU 59.7917 n SAUDI ARABIA 14.0277

Source: BSP (December 14, 2018 )


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