PRESIDENT Gloria Arroyo has ordered state-run National Power Corp. to provide cheaper electricity to Samsung Electronics as an incentive for its multi-billion-dollar investment in Clark, Pampanga.
She said the Korean multinational electronics firm planned to move its overseas plant to a 15-hectare site in Clark, and that its investment there was expected to be higher than American firm Texas Instruments Inc.’s $1.7-billion facility.
Samsung planned to invest in Clark “provided it [was] given the same power rates granted to [Texas Instruments] and [assured] of reliable and quality power supply,” Mrs. Arroyo said in Executive Order 856.
In 2007 Mrs. Arroyo ordered Napocor to give Texas Instruments discounted generation and transmission rates for 10 years. The same discount should be given to Samsung, which “will infuse capitalization, generate employment opportunities, boost exports, and enhance the country’s economy,” she said.
She tasked government officials “to work out the grant of the discounted rate to the semiconductor company through the Industry Competitiveness Fund,” a program established to support power-intensive industries by granting them discounted power rates. The program initially had a P1.6-billion fund coming from value-added-tax collections.
To ensure reliable power supply for Samsung, the President ordered the immediate construction of a 230-kilovolt line and ordered it completed within 18 months.
Samsung subsidiary STS Semiconductor and Telecommunications Co. is expected to produce up to $3.5 billion worth of electronic exports annually after its plant’s construction is completed in December. Joyce Pangco Pañares, Manila Standard Today
It’s women’s month!
“Support women every day of the year!”
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 #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
