from The Philippine Star
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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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