Tag: Malampaya Fund

Gatchalian: Use ₱207-billion Malampaya fund to reduce consumer power rates

(Eagle News)–Senator Sherwin Gatchalian on Sunday, Sept. 2, urged the passage of legislation that would allow the use  of the P207-billion Malampaya fund. In making the call, Gatchalian noted that the ₱207-billion fund,  initially intended to fund the exploration, development, and exploitation of energy resources, has remained largely unused since 2001. Gatchalian noted that under the Murang Kuryente Act which he is sponsoring he aims to “minimize, if not completely eliminate, the universal charges for […]

Continue Reading →

Malampaya fund balak gamitin para pababain ang singil sa kuryente

MANILA, Philippines (Eagle News) — Balak gamitin ng pamahalaan ang pondo mula sa malampaya upang pababain ang singil sa kuryente. Ayon sa Department of Energy (DOE), ito ay kung papayagan ng kongreso na magamit ang nasabing pondo. Ayon kay Energy Spokesman Felix Fuentebella, iniisa-isa nang pag-aralan ni Energy Secretary Alfonso Cusi ang mga posibleng paraan upang mapagaan ang pasanin ng mga konsyumer. Isa na rito ang pagsa-subsidise sa generation charge na siyang binabayarang utang ng […]

Continue Reading →

Diskusyon – Controversial issues being investigated by the Senate Blue Ribbon Committee

The Senate Blue Ribbo Committee is currently probing various controversial issues in aid of legislation. Under the leadership of Senator Teofisto Guingona III, Chairman of Peace, Unification and Reconciliation, each issue is examined thoroughly – including issues about health like the Ebola virus. Senator Guingona asks the media to be responsible in its reportage to prevent public panic. So far, the Philippines remains Ebola-free. Other issues being investigated by the Senate Blue Ribbon Committee includes […]

Continue Reading →

Malampaya fund scam probe

The Senate’s probe on the Malampaya fund scam probe was once again postponed. According to Committee Chairman Senator Teofisto Guingona III, the postponement was issued due to COA Chairman Grace Pullido-Tan’s letter saying that she cannot attend the scheduled hearing due to her leave while COA Special Audit Chief Susan Garcia is on an official mission.

Continue Reading →