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The national government expects to collect approximately P8 billion in royalties this year from the aging offshore Malampaya natural gas project, Surigao del Sur Representative Johnny Pimentel said. “The sum is P9.7 billion, or 55 percent less than the P17.7 billion in Malampaya royalties that the government received in 2023,” Pimentel, a member of the […]
Surigao del Sur Representative Johnny Pimentel, vice chairperson of the House committee on legislative franchises, has berated Manila Electric Co. (Meralco) for imposing a “convenience fee” of P15 per transaction on customers who pay their monthly electricity bills using the company’s online portal. “Meralco is nickel-and-diming its 7.9 million customers with the extra charge on […]
Seven airports in Mindanao are getting a combined P1.3 billion in fresh infrastructure development funding this year, Surigao del Sur Representative Johnny Pimentel said. “Congress has provided new money for the upgrading of commercial aviation hubs all over Mindanao, including those in the Bangsamoro Autonomous Region in Muslim Mindanao, such as Jolo Airport in Sulu […]
A total of 35,576 individuals and entities have filed an aggregate of P3 billion in compensation claims in connection with the sunken M/T Princess Empress’s massive oil spill a year ago, Surigao del Sur Representative Johnny Pimentel, a member of the House committee on ecology, said. “Of the P3 billion in compensation claims, nearly P1.6 […]
President Ferdinand Marcos Jr.’s approval of the third phase of the military’s modernization plan, which includes the procurement of the country’s first submarine warship, has been welcomed by Surigao del Sur Representative Johnny Pimentel, one-time chairperson of the House committee on strategic intelligence. “We have to build up the capability of our armed forces to […]
Surigao del Sur Representative Johnny Pimentel sees the Japan International Cooperation Agency (JICA) as the “logical fallback funding source” for the construction of the massive Mindanao Railways Project (MRP) after the Philippine government backed out from loan negotiations with China. “Our sense is, Japan is our best recourse, considering that JICA is already helping our Department […]
The national treasury expects to rake in P20.2 billion in royalties from the Malampaya natural gas field this year, Surigao del Sur Representative Johnny Pimentel said. “The amount is P5.7 billion or 22 percent less than the P25.9 billion in gas royalties that the government earned from Malampaya in 2022,” Pimentel explained. “The government anticipates […]
Amid the simmering maritime dispute between Manila and Beijing, President Ferdinand Marcos Jr.’s administration has increased to P50 billion the budget for the Armed Forces of the Philippines Modernization Program (AFPMP). “The AFPMP is set to receive another P50 billion in fresh funding in the 2024 national budget,” Surigao del Sur Representative Johnny Pimentel said. […]
The bicameral Commission on Appointments (CA) has received the appointment papers of 25 newly promoted senior officers of the Armed Forces of the Philippines (AFP). “The CA received their appointment papers from Malacañang on June 27,” Surigao del Sur Representative Johnny Pimentel, CA assistant minority leader, said. “The batch is composed of a major general […]
Surigao del Sur Representative Johnny Pimentel foresees the planned state-run Maharlika Investment Fund (MIF) venturing into infrastructure development solutions, instead of merely holding passive assets such as fixed-income instruments, equities and bonds. “If we look at Indonesia, they are actually using their newly established sovereign wealth fund to attract private partners that can co-invest in […]