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PIA: Beat the Odds |
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 The following are updates from the Philippine Information Agency or PIA on
the Philippine government's initiatives and reforms pertinent to the energy
issue, the economy and the budget:
INTRODUCTION
Beat the Odds 20th edition highlights the government’s continuing effort to look
for other sources of energy.
$94-M FOR OIL DEVELOPMENT AND EXPLORATION COMMITTED
THE DEVELOPMENT OF THE COUNTRY’S INDIGENOUS ENERGY RESOURCES GOT A BIG BOOST OF
ABOUT $94M MINIMUM FINANCIAL RESOURCES WHEN THE DEPARTMENT OF ENERGY RECENTLY
SIGNED SIX PETROLEUM SERVICE CONTRACTS WITH FOREIGN AND LOCAL PETROLEUM
COMPANIES.
THE CONTRACT INVOLVES THE DEVELOPMENT AND EXPLORATION OF OIL AND GAS RESOURCES
IN WEST AND NORTHWEST PALAWAN, MINDORO-CUYO BASIN, EAST-VISAYAN BASIN, PITA-SAN
JOSE, NORTHERN CAGAYAN VALLEY AND SULU SEA.
THE COMPANIES ARE : THE CONSORTIUM OF AUSTRALIA, BHB BILLITON PETROLEUM PTY
LTD., AMERADA HESS LTD., UNOCAL SULU LTD. AND SANDAKAN OIL ll, LLC WAS THE
LATEST TO BE AWARDED THE CONTRACT FOR OIL AND GAS EXPLORATION OVER OFFSHORE SULU
SEA COVERING 8620 HECTARES; THE CONSORTIUM OF ALCORN GOLD RESOURCES CORP.,
TRANS-ASIA OIL AND ENERGY DEVELOPMENT CORP. AND PETROENERGY RESOURCES CORP. WAS
AWARDED THE CONTRACT OVER THE EAST-VISAYAN BASIN FOR 440,000 HECTARES; E.F.
DURKEE AND ASSOCIATES WAS AWARDED THE CONTRACT OVER PIAT-SAN JOSE, NORTHERN
CAGAYAN VALLEY COVERING 96,000 HECTARES; INDIA LAXMI ORGANIZATION, INDIA LTD.,
FOR SOME 600,000 HECTARES OVER THE MINDORO-CUYO BASIN; NIDO PETROLEUM
PHILIPPINES LTD. WAS AWARDED SERVICE CONTRACT IN NORTHWEST PALAWAN COVERING
537,616; AND THE OTOMAN ENERGY LTD., AUSTRALASIA ENERGY LTD., AND THE TRANS-ASIA
OIL AND ENERGY DEVELOPMENT CORPORATION FOR WESTERN PALAWAN FOR SOME 900,000
HECTARES.
THE OTHER FOUR WERE CONTRACTS GIVEN TO A JOINT-VENTURE OF PETRONAS CARIGALI AND
THE PHILIPPINE NATIONAL OIL CO. EXPLORATION CORP. OVER OFFSHORE MINDORO; ARAGORN
POWER CORP. IN THE CAGAYAN BASIN; PHIL-MAL PETROENERGY CORP. IN SOUTHERN CEBU
AND OTOMAN ENERGY LTD. IN NORTHWEST PALAWAN BASIN.
DOE SECRETARY LOTILLA SAID THE GOVERNMENT HAD HIGH HOPES THAT THE SIX CONTRACTS,
WHICH COVERS A PERIOD OF SEVEN YEARS, WOULD BE ABLE TO DISCOVER LARGE OIL AND
GAS FIELDS OF COMMERCIAL QUANTITY.
##
BEAT THE ODDS Info Bits is a weekly news and information service of the
Philippine Information Agency on government priority projects and
accomplishments under the 10 point program framework of President Gloria
Macapagal-Arroyo. <END>
ECONOMIC REFORMS ON TRACK-PGMA
IN THE RECENT LAUNCHING OF THE DEPARTMENT OF TRADE AND INDUSTRY FIRST-EVER
CONSUMER WELFARE CENTER (CWC) HELD IN MANDALUYONG CITY, THE PRESIDENT ANNOUNCED
THAT THE GOVERNMENT ECONOMIC REFORMS ARE ON TRACK WITH MOST OF THE REVENUE
COLLECTING AGENCIES EXCEEDING THEIR TARGETS.
SECRETARY MARGARITO TEVES ALSO ANNOUNCED THAT REVENUE TARGETS HAVE BEEN EXCEEDED
BY ABOUT PHP 3 BILLION OF THE BIR TARGET AND ONLY HALF-A-BILLION BEHIND TARGET
IN CUSTOMS.
TRADE AND INDUSTRY SECRETARY PETER FAVILA ASSURED THE PRESIDENT THAT THE SUPREME
COURT DECISION ON THE EXPANDED VALUE-ADDED TAX OR E-VAT LAW WILL NOT LEAD TO
PROFITEERING.
THE PRESIDENT HOPES THAT THE ECONOMY, WHICH IS POISED FOR TAKE-OFF,
WILL NOT BE DRAGGED DOWN BY THE DEGENERATED POLITICAL SYSTEM.
MEANWHILE, THE CWC DTI PROJECT IS A ONE-STOP SERVICE CENTER. IT IS AN ON-GOING
ENDEAVOR TO BRING RELIABLE GOVERNMENT SERVICE CLOSER TO THE PEOPLE, PARTICULARLY
IN PROVIDING THE PUBLIC A CENTRAL VENUE FOR OBTAINING CONSUMER INFORMATION AND
IMMEDIATE REDRESS OF COMPLAINTS.
CONSUMERS CAN ACCESSS I-REKLAMO, A DTI-MANAGED ON LINE COMPLAINTS
SYSTEM, AND THE SERVICES OF OTHER GOVERNMENT AGENCIES.
##
The 2004-2010 Medium Term Philippine Development Plan with a general framework
to eradicate poverty and sustain development in the country is underway. The
20th edition highlights the approved projects that are consistent with the
President’s 10-point agenda.
NEDA BOARD OKS P 24.6-B WORTH OF PROJECTS
THE NATIONAL ECONOMIC AND DEVELOPMENT BOARD (NEDA) WHICH IS THE GOVERNING BODY
THAT SETS MAJOR DEVELOPMENT POLICY DIRECTIONS FOR THE COUNTRY, APPROVED P 25.6
BILLION WORTH OF PROJECTS. THE PROJECTS ARE FOR THE SOCIAL AND SUPPORT SERVICES,
TRANSPORTATION, ENERGY,WATER RESOURCES AND LENDING.
SOCIO-ECONOMIC PLANNING SECRETARY AUGUSTO B. SANTOS PRESENTED BEFORE THE BOARD
THE FOLLOWING APPROVED PROJECTS:
· INDUSTRY SUPPORT LOAN PROGRAM HAS P 20 BILLION-WORTH TO FINANCE PROJECTS IN
INFORMATION TECHNOLOGY AND
TELECOMMUNICATIONS,MANUFACTURING,UTILITIES,TOURISM, CONSTRUCTION, HEALTHCARE AND
TRANSPORTATION.
· GAPAN -SAN FERNANDO-OLONGAPO ROAD AND EMERGENCY PILOT DREDGING PROJECT, HAS P
1.56 BILLION-WORTH THAT ADDRESSES THE FLOOD AND TRAFFIC CONGESTION PROBLEMS IN
PAMPANGA. THE PROJECT COVERS THE WIDENING OF THE GSO ROAD, PARTICULARLY THE STA.
BARBARA-STA CRUZ SECTION, RAISING OF STA. CRUZ BRIDGE AND DREDGING OF THE
PORAC-GUMAIN RIVER.
· THE SOLAR POWER TECHNOLOGY SUPPORT PROJECT PHASE 2 GOT P 1.48 BILLION-WORTH.
THE PROJECT COMBINES AGRICULTURAL, AGRIBUSINESS, SOCIAL AND COMMUNITY
DEVELOPMENT EFFORTS IN IMPROVING THE SOCIOECONOMIC CONDITIONS OF AGRARIAN REFORM
BENEFICIARIES IN OFF-GRID AGRARIAN REFORM COMMUNITIES AND AREAS WHERE
ELECTRICITY IS NOT YET AVAILABLE.
· THE 1.3 BILLION-WORTH UMIRAY-ANGAT TRANSBASIN TUNNEL REHABILITATION WORKS OF
THE METROPOLITAN WATERWORKS AND SEWERAGE SYSTEM (MWSS) AIMS TO FULLY OPERATE THE
TRANSBASIN TUNNEL THROUGH SHORT AND LONG TERM RESTORATION WORKS.
· THE LOCAL GOVERNMENT UNITS (LGUs) INVESTMENT PROGRAM OF THE LAND BANK OF THE
PHILIPPINES HAS P 1.28 BILLION TO FINANCE THE INVESTMENT PROGRAMS OF THE (LGUs).
ELIGIBLE PROJECTS FOR FINANCING UNDER THE PROGRAM ARE LOCAL ROADS AND BRIDGES,
PORTS, SANITATION, DRAINAGE AND FLOOD CONTROL, WATER SUPPLY, TELECOMMUNICATIONS
AND INFORMATION TECHNOLOGY,PUBLIC MARKETS AND OTHER INCOME GENERATING PUBLIC
FACILITIES.
##
THE EFFORTS OF THE ARROYO ADMINISTRATION IN PURSUING ECONOMIC REFORMS IS BEARING
FRUITS. MALACANANG HAS ANNOUNCED A HIKED TAX TAKE AND A BUDGET SURPLUS.
PALACE: BUDGET SURPLUS, HIKED TAX TAKE SIGNS OF FISCAL STABILITY, MORE
INVESTMENTS AHEAD.
MALACANANG SAID TODAY THE RECENT BUDGET SURPLUS AND INCREASED REVENUE
COLLECTIONS ARE SIGNS OF THINGS TO COME: GREATER FISCAL STABILITY, DEEPER
BUSINESS CONFIDENCE, MORE INVESTMENTS AND JOBS.
THE GOVERNMENT’S INTENSIFIED TAX COLLECTION CAMPAIGN PAID OFF HANDSOMELY LAST
MONTH RESULTING IN A BUDGET SURPLUS OF P3.3 BILLION.
THE INCREASED REVENUE COLLECTIONS WOULD LEAD TO THE REDUCTION OF THE BUDGET
DEFICIT, AND EVENTUALLY ENABLE THE GOVERNMENT TO ATTAINS ITS GOAL OF A BALANCED
BUDGET.
MORE REVENUES MEANS MORE FUNDS FOR ENHANCED PRO-POOR SERVICES AND PROJECTS, FREE
AND QUALITY EDUCATION FOR THE YOUTH AND AGRI-INFRASTRUCTURES THAT ARE ESSENTIAL
FOR ECONOMIC GROWTH.
##
-------------------------------------------------------------------------------------------------------
Reference: Consul Patricia Ann V. Paez
Press and Information
E-mail: pvpaez@aol.com
Tel. No.: 202 -467-9400
Mr. Gerald Gloria (Staff)
rppress@verizon.net
Tel. No.: 202- 467-9432
website:
www.philippineembassy-usa.org
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Posted on Wednesday, September 28 @ 13:37:50 CDT by don |
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