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A magnitude 7,0 earthquake hit northern Philippines at 08:43hr (UTC +8) 27 July 2022, severely affecting the provinces of Abra, Benguet, Ilocos Sur, Pangasinan, Mountain Province, Nueva Vizcaya. The epicenter was at 17km depth of focus resulting in a shallow earthquake of intensity 7 (very devastating) and intensity 6 (devastating) in 4 areas ...
Menandro Abanes, a researcher on Southeast Asian issues, said, “To meet the predicted demand, 5,000 megawatts was needed, translating to necessary government infusion of approximately P38 billion annually into the development of the power industry to curb the shortfall, without which another power crisis reminiscent of the 1980s and 1990s was ...
August 26 – The Department of Trade and Industry (DTI) and the International Labour Organization (ILO) signs a Japan-supported memorandum of understanding that was part of the $2.2 million Japan-ILO project called Bringing Back Jobs Safely under the COVID-19 Crisis in the Philippines: Rebooting Small and Informal Businesses Safely and Digitally.
No. Title / Description Date signed Ref. 1 Abolishing the Presidential Anti Corruption Commission and the Office of the Cabinet Secretary.: June 30, 2022 [1]2 Reorganizing and Renaming the Presidential Communications Operations Office and its Attached Agencies into the Office of the Press Secretary, Abolishing the Office of the Presidential Spokesperson, and for Other Purposes
The Asian Development Bank estimates that $102–431bn is needed annually across Asia-Pacific to help countries adapt to climate impacts, yet only $34bn was invested in 2022.
In 2021, Brazil's worst drought in almost a century threatened its electricity supply. [6] [7] Brazil relies on hydropower for two-thirds of its electricity.[8]Euractiv reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg that "about one fifth" of the energy price increase "can be attributed to rising CO 2 pricing on the EU's carbon ...
The Marcos administration approved 194 infrastructure projects, ranging from public transport, power, health, information technology, water resources, and agriculture. [ 1 ] [ 2 ] 77 of those project were carried from past administrations while 123 are “new and initiated” by the Marcos administration. [ 3 ]
Most IPPs were funded by foreign loans secured with a form of government guarantee or performance undertaking, which meant that the Philippine government would pay for the loans if the IPPs defaulted. The Ramos government continued signing IPP contracts even after the end of 1993 when the power crisis was considered solved.