Businessmirror june 09, 2018

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A broader look at today’s business n

Saturday, June 9, 2018 Vol. 13 No. 238

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WORK IN PROGRESS, WORK STRANDED

Congress met deadline for BBL, but fate of other key measures still hangs By Jovee Marie N. Dela Cruz

W

HILE the House of Representatives met its deadline in passing the Bangsamoro basic law (BBL), it seemed to have forgotten some of its priority measures. Several other measures still remain pending in the legislative mill despite the agreement between the two chambers to pass these into law during the second regular session of the 17th Congress. The second regular session ended last May 30, while the third and last regular session is expected to start on July 23. Some of the identified priority measures that are still awaiting lawmakers’ action include: n Amendment to Republic Act 8178, or the Agricultural Tariffication Act. Amending RA 8178 is needed to scrap the quantitative restriction (QR) and convert it into tariffs. Party-list Rep. Jose Panganiban Jr. of Anac-IP, chairman of the House Committee on Food and Agriculture, said members of his committee will sponsor the measure when session resumes in July.

“We may start tackling the tariffication bill in July as our focus is on the passage of the Bangsamoro basic law,” said Panganiban. The substitute measure amending RA 8178, or the Agricultural Tariffication Act, is now pending before the chamber for plenary approval. n Traffic and Congestion Crisis Act. In 2016 President Duterte asked Congress to grant him emergency powers to address the immense and growing traffic dilemma in the National Capital Region and major cities in the country. House Committee on Transportation Chairman Cesar V. Sarmiento of the Lone District of Catanduanes said the plenary debate on House Bill 6425 (HB), or the proposed Traffic and Congestion Crisis Act, may continue when session resumes in July. Continued on A2

FILIPINO Muslim twins flash the peace sign while chanting slogans to call for the passage of the Bangsamoro Basic Law in Mindanao, during a rally following Friday prayers at the Golden Mosque in Manila on February 6, 2015. AP/BULLIT MARQUEZ

HERE COMES THE SUN

RUDMER ZWERVER | DREAMSTIME.COM

Green-energy groups show solar panels can go on rooftops of homes, factories, even ‘float’ on the lake

S

By Cai U. Ordinario

OLAR panels are not solely for wide, open spaces as these can be installed in strategic locations in megacities like Metro Manila, where lack of space is a major concern in providing city dwellers easy access to renewable energy (RE). PESO EXCHANGE RATES n US 52.4590

At a news briefing on the sidelines of the Clean Energy Forum held from June 4 to 8 at the Asian Development Bank (ADB) Headquarters in Manila, International Energy Agency (IEA) chief economist Laszlo Varro cited the use of solar panels in dense urban centers in China. Varro said these solar panels are placed on rooftops of homes and business establishments, thus giving populated areas in China’s eastern regions access to affordable and reliable RE.

“Instead of using agricultural land, put solar panels on top of factories, put solar panels on top of their houses, on top of call centers and so on. This is something [that] has been successful in the eastern regions of China, something that Southeast Asian countries could also consider,” Varro said. Solar Philippines Founder and Chief Executive Officer Leandro Leviste also shared his company’s efforts to test floating solar panels on the surface of Laguna Lake in the third quarter.

Leviste said the100-kilowatt pilot project technical test aims to determine whether the floating solar panels can withstand 250-km-per-hour winds that are common in the country during the typhoon season. He said Solar Philippines chose Laguna Lake because there will be no need to invest heavily on transmission lines as it is near Metro Manila. The lake is also shallow enough to become an accessible location for the pilot. He said if the project will be suc-

cessful, there will be no need to use more agricultural lands for power generation in the Philippines. Meanwhile, Costa Rica Limpia Founder and Director Monica Araya said small countries like the Philippines can also take inspiration from other middleincome countries, and not only from big countries such as China, the US and India, to find cleanenergy solutions, whether technology or financial. See “Solar,” A2

n JAPAN 0.4783 n UK 70.4262 n HK 6.6861 n CHINA 8.2056 n SINGAPORE 39.3364 n AUSTRALIA 40.0000 n EU 61.9069 n SAUDI ARABIA 13.9895

Source: BSP (June 8, 2018 )


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