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
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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