New EODB law to im­pact 2020 Do­ing Busi­ness Sur­vey

Sun.Star Cagayan de Oro - - Business -

Depart­ment of Trade and In­dus­try (DTI) Un­der­sec­re­tary Rowel S. Barba said on 10 Oc­to­ber that the new Ease of Do­ing Busi­ness (EODB) Act can sig­nif­i­cantly af­fect the coun­try’s rank­ings in the up­com­ing 2020 Do­ing Busi­ness (DB) Sur­vey if govern­ment agen­cies strictly im­ple­ment the law.

Speak­ing be­fore pub­lic and pri­vate sec­tor par­tic­i­pants at the “Ac­cel­er­at­ing EODB Re­form Ini­tia­tives for the Do­ing Busi­ness 2020 Strat­egy” work­shop, Un­der­sec­re­tary Barba ex­pressed con­fi­dence that the Ease of Do­ing Busi­ness/ Ef­fi­cient Govern­ment Ser­vice De­liv­ery Act can help the Philip­pines im­prove and even move for­ward in sev­eral in­di­ca­tors of the DB Sur­vey Re­port.

“RA 11032 (EODB Act) is now in place. If we im­ple­ment this law to the let­ter, there is no doubt we can close the gap be­tween us and the fron­tier,” he said.

Ac­cord­ing to the World Bank Do­ing Busi­ness Sur­vey, the dis­tance to fron­tier (DTF) score bench­marks economies with re­spect to reg­u­la­tory best prac­tice, show­ing the ab­so­lute dis­tance to the best per­for­mance on each Do­ing Busi­ness in­di­ca­tor. An econ­omy’s dis­tance to fron­tier is re­flected on a scale from 0 to 100, where 0 rep­re­sents the

MANILA -- The sales of au­to­mo­tive ve­hi­cles in Septem­ber this year posted a 9.7-per­cent decre­ment to 31,116 units from 34,445 unit sales, a joint re­port re­leased Thurs­day by the Cham­ber of Au­to­mo­tive Man­u­fac­tur­ers of the Philip­pines (CAMPI) and Truck Man­u­fac­tur­ers As­so­ci­a­tion (TMA) re­vealed.

Both pas­sen­ger car and com­mer­cial ve­hi­cle

THE Depart­ment of En­ergy (DOE) said Min­danao will need an ad­di­tional of 10,400 megawatts (MW) of ad­di­tional ca­pac­ity by 2040 to be able to sus­tain its power de­mand.

How­ever, DOE as­sis­tant sec­re­tary Re­den­tor Delola, dur­ing the 2018 Min­danao En­ergy In­vest­ment Fo­rum at the Grand Re­gal Ho­tel on Thurs­day, Oc­to­ber 11, said Min­danao will still be able to meet its power re­quire­ment be­tween be­fore 2040.

At its cur­rent state, Delola said the Min­danao power grid still has more than enough re­serves to meet re­quire­ments in the seg­ments de­clined in sales by 10.2 per­cent and 9.4 per­cent, re­spec­tively, last month.

The pas­sen­ger car seg­ment sold a to­tal of 9,441 units in Septem­ber 2018, lower than the 10,516 units sold in the same month last year.

Sales of com­mer­cial ve­hi­cles in the pre­vi­ous month also slowed down to 21,675 units from 23,929 units in Septem­ber com­ing years. There is cur­rently a to­tal of 3.48 gi­gawatt of in­stalled ca­pac­ity in Min­danao from 20 grid con­nected power plants and 33 em­bed­ded power plants. Coal-fired power plants ac­counts for 53 per­cent of the is­land’s power sup­ply while the re­main­ing comes from re­new­able en­ergy (43%) and oil-fired power plant (7%)

He said should the ad­di­tional 764.9 MW from com­mit­ted power projects en­ter the Min­danao grid in the next two years, Min­danao will be en­joy­ing a sur­plus of power sup­ply to as much as 1,400 MW.

“Af­ter that, Min­danao 2017.

On the other hand, month-on-month sales im­proved by 2.6 per­cent in Septem­ber from 30,313 units in Au­gust this year.

CAMPI Pres­i­dent Rom­mel Gu­tier­rez said ve­hi­cle man­u­fac­tur­ers are bring­ing new mod­els to the mar­ket to drive the growth of ve­hi­cle sales un­til the end of the year.

It was in Au­gust that CAMPI and TMA reg­is­tered will re­ally need ad­di­tional ca­pac­ity,” Delola said.

To ad­dress this loom­ing prob­lem and not to re­peat the Min­danao power cri­sis four years ago, DOE is look­ing for power in­vestors to put up new power plants in Min­danao.

Delola said their early cam­paign now for new power in­vestors will help avoid any power cri­sis in the fu­ture.

He said they are ex­pect­ing 1,332.43 MW of com­mit­ted power projects to come in be­tween 2018 to 2025. There are also 1,937.28 MW of in­dica­tive power projects that will hope­fully push through and be es­tab­lished be­fore its first growth in sales fol­low­ing eight straight months of de­cline in unit sales. “We re­main op­ti­mistic that this trend will be sus­tained be­fore the year ends,” Gu­tier­rez said.

Mean­while, sales from Jan­uary to Septem­ber 2018 still posted a de­cline of 13.8 per­cent to 261,057 units from 302,869 units sold in the same pe­riod last year. (PNA) 2025.

“We also have var­i­ous sup­port­ing mea­sures in place which fa­cil­i­tate the im­ple­men­ta­tion of en­ergy projects such as Ex­ec­u­tive Or­der (EO) No. 30 and the Ease of Do­ing Busi­ness Law,” Felix Wil­liam B. Fuente­bella, DOE Un­der­sec­re­tary, said.

The EO 30 cre­ates the En­ergy In­vest­ment Co­or­di­nat­ing Coun­cil, which stream­lines reg­u­la­tory pro­ce­dures af­fect­ing en­ergy projects. Mean­while, the Ease of Do­ing Busi­ness Law pre­scribes three, seven, or 20 days ac­tion on re­quests made by in­vestors or busi­nesses.

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