The country’s largest labor group has expressed strong opposition to the planned sale of the government’s 40-percent stake in Petron Corp.
Trade Union Congress of the Philippines (TUCP) general secretary and former Sen. Ernesto Herrera said the government should keep the share instead of selling it.
“We see no absolute need for the government to sell out of Petron. The investment is generating income,” he said.
The Department of Finance (DOF) has announced plans to sell the government’s equity in Petron, held indirectly through the state-owned Philippine National Oil Co. (PNOC), as part of an effort to generate extra cash.
Herrera said the government should instead use its Petron stake to encourage the oil giant to invest in a big way in alternative energy sources.
“The cash dividends should be deliberately used to finance the development and production of renewable energy sources, primarily solar, wind, hydro, or even waste-based biomass (energy) projects.” “The government should make full use of its equity in Petron, toward lessening the country’s over-dependence on imported and costly crude oil,” Herrera added.
According to Herrera, the government can build community-based livelihood programs around biomass energy projects.
He said some said projects can involve the farmers themselves directly selling coconut husks and shells, or even rice hulls, for conversion into biomass gas for small power plants. — Mayen Jaymalin, Philippine Star
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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