“We need deep and early cut of carbon.”
Climate Change Secretary Heherson Alvarez, in his visit to Davao City yesterday (February 17) urged the business sector in the city to reduce carbon dioxide emissions in the atmosphere.
Although he clarified that the country is not a carbon maker but a carbon taker, he also stressed that Filipinos should do their own share of creating a low carbon community.
President Arroyo extolled the value-added tax (VAT) as having enabled the country to depend less on foreign funding such as the almost $5-billion, 300-kilometer paved coastal road running across eastern Mindanao linking the backwater areas of three provinces that she formally inaugurated on Wednesday.The Philippines, the world’s biggest rice importer, will allow private companies to buy 200,000 metric tons, boosting purchases to a record this year, a National Food Authority official said.
The southern Philippine island of Mindanao may experience power shortages in May, including on the May 10 general elections, data from National Grid Corp. showed.
The Mindanao grid may have a supply deficiency of as much as 144 megawatts in a day in May and a shortage of about 4 megawatts on May 10, data showed. National Grid runs the country’s high-voltage power transmission network.
The Philippines’ budget deficit widened to a record 298.5 billion pesos ($6.5 billion) in 2009 — around 3.9% of gross domestic product — due to increased spending to stimulate the economy amid the global recession and a slew of tax breaks that reduced revenue.
