THE Department of Energy (DoE) has signed two circulars on setting a uniform month-to-month energy invoice format and on the usage of renewable energy (RE) in regions no longer related to the Philippines’ important electricity grid.

Energy Secretary Alfonso Cusi signed the circulars on August 24 and these are scheduled for book, Energy Undersecretary Felix William Fuentebella stated at the sidelines of PowerTrends 2018: The 13th International Exhibition and Conference on Energy Trends and Power Technologies at the SMX Convention Center in Pasay City on Tuesday.

Sen. Sherwin Gatchalian (2nd from proper) converses with Canadian Ambassador John Holmes and Energy Undersecretary Felix William Fuentebella (third and primary from right, respectively) even as looking at an object on show at PowerTrends 2018: The 13th International Exhibition and Conference on Energy Trends and Power Technologies on the SMX Convention Center in Pasay City on Tuesday. PHOTO BY ANDREA DE LA CRUZ

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The first, Department Circular DC2018-09-0026, or “Adopting Framework for Uniform Monthly Electricity Bill Format,” seeks to make certain extra transparency in how distribution utilities (DUs) bill their customers to shield the latter’s hobby.

According to the circular, the bill have to define era, transmission, distribution, and systems loss fees; subsidies/discounts; government taxes; accepted costs; feed-in-tariff allowance (FiT-All); and others.

It ought to also make clients apprehend its components extra effortlessly, which include the status of their bill deposit, and the important and interest earned.

If asked, consumers shall have get entry to to their invoice information and other related info, which include receipts, within an inexpensive period and without cost, the round said.

Electronic copies of the customer’s bill will be made available and reachable through the DU’s internet site or any other digital way if they asked for them, it introduced.

Meanwhile, Department Circular DC2018-08-0024, or “StockGlobal forex RPS (Renewable Portfolio Standards) Rules for Off-grid Areas,” ambitions to make contributions to the boom of the RE zone by means of mandating enterprise players in off-grid and missionary regions to supply a sure percent in their strength requirements from eligible RE resources.

These are biomass; waste-to-strength technology; wind, sun, ocean and geothermal energy; run-of-river and impounding hydroelectric strength structures; and different globally regularly occurring resources and technology.

“It’s almost the identical with the RPS for On-grid Areas, except the era sector is the mandatory player underneath this rule,” Fuentebella said.

This circular additionally seeks to rationalize the efficient use of the frequent fee for missionary electrification and enhance self-performance in generating strength by means of integrating RE inside the deliver blend.

The minimal RE percentage share shall do not forget any or a combination of the subsequent: technology of present recognized RE sources within the area, adoption of hybrid or disbursed RE generation structures, stable operation of present generating units and reliability of the grid with the access of an RE generation facility, and the ability corresponding to the above minimum RE technology.

The baseline RE requirement, together with the annual incremental RE technology in every off-grid vicinity, shall be determined via the department’s composite group.

Actual RE technology after 2018 shall now not be decrease than 1 percent.

Developing economies in Asia and the Pacific stand to enjoy the upward thrust of virtual technology and appropriate guidelines are had to if they may be to take blessings of opportunities and meet demanding situations, the chief of the Asian Development Bank (ADB) said on Tuesday.

“The world is again in a time of colossal change being brought approximately by way of the 4th Industrial Revolution,” ADB President Takehiko Nakao stated in welcome remarks at the start of the two-day Digital Development Forum in Manila.

“With suitable policies, the growing international locations of Asia and the Pacific stand to benefit noticeably on this new generation. I see amazing possibilities, in addition to challenges,” he introduced.

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Nakao said the Manila-based lender turned into supporting Asia and Pacific economies leverage digital technology for development, in advance this yr growing its Digital Technology for Development Unit. The ADB is likewise enforcing inner reforms selling the use of new technology.

In a announcement, the ADB said it had permitted 450 projects with statistics and communications generation components over the last 8 years. Moving ahead, it stated it might be turning in included answers in the regions of smart towns, e-authorities and e-trade.

In supporting construct permitting environments for country adoption of digital technology, the ADB said this would include a dependable ICT infrastructure, skilled human sources and enabling policies and regulatory environments.
Nakao cited Myanmar, Sri Lanka and the Kyrgyz Republic as the various international locations that had benefited from the ADB’s shift to ICT-related endeavors.

The ADB also said it might be signing a cooperation settlement with the Asian Institute of Management all through the forum on a collaboration targeted on innovation applications.

My brother is an avid Star Wars fan. When asked why he loves the movie franchise so much, he could tell us how great the futuristic area technology looks.

I recall a specific scene from Star Wars Episode III: Revenge of the Sith that tickled my interest approximately whether or not it can take place in real life. In one of the scenes, Chewbacca and Tarfful remotely witnessed a hologram Jedi Council meeting in which the Council mentioned their method on how to end the Battle of Kashyyyk.

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In the sector of Star Wars, the Jedi Council consists of 12 of the wisest Jedi Masters, and is the best governing frame of the Jedi Order. If we translate that during an organizational placing, the Jedi Council may be the equivalent of the Board of Directors. Just just like the Jedi Council conferences, discussions approximately matters concerning the corporation are discussed in a board assembly.

Batas Pambansa Bilang sixty eight, or the Corporation Code of the Philippines, permits companies to specify the frequency of meetings of their Board of Directors. The business enterprise might also specify in its via-laws that the everyday meeting be held monthly, quarterly, or semi-yearly. Regularly scheduled board meetings provide consistency and warranty that there can be a venue in which matters of challenge might be discussed.

Even on a month-to-month basis, however, the employer will must look forward to 30 days to speak about a matter of challenge. According to 2017 research at the Director’s Perception in their Board’s Effectiveness, Size and Composition, Dynamics, and Internal Governance by way of the Harvard Business School, board conferences are carried out on a mean of six times in a yr or bimonthly.

For a dynamic organization, though, two months is a long term for an pressing concern to be discussed. Quickly and absolutely making choices about priorities, objectives, budgets, and sources make the distinction among failure and achievement.

The evolution to the virtual generation has sped up the way an agency conducts business. Digitizing the governance method—i.E., changing from analog to virtual shape—will provide agencies flexibility to be aware of changes and permits for quicker and greater powerful communication.

Communication

The fundamental aspect of governance wherein digitization should be manifested is its communication to inner and external stakeholders. Digital governance offers an digital manner to which interactions, such as electronic memos, cellular communications, and telephone, video, or internet conferencing with stakeholders are hosted.

Decision making is frequently impaired with the aid of the perception that everyone required to make your mind up must be inside the equal location at the identical time. That isn’t always authentic. Imagine a Board meeting where memos are emailed or maybe sent thru SMS or messaging apps, the conferences are performed simply through on line conferencing, and the mins of meeting are all transmitted, signed, and permitted through digital signatures and correspondence.

Boards can even use cloud software program equipment which include instantaneous messaging, video conferencing, Skype, or Google
Hangouts to agree if an problem warrants a face-to-face meeting. Recent advances in generation can pave way to augmented truth (AR) conferences the usage of AR glasses and hologram meetings in which a hologram of someone can be located in another room the use of 3-D cameras that capture a whole character’s moves and speech in actual time.

In the Securities and Exchange Commission (SEC) Revised Code of Corporate Governance of 2009, conferences via teleconferencing are allowed, furnished they may be performed with the subsequent requirements of SEC Memorandum Circular 15, Series of 2001, guidance on Board Meetings via teleconferencing or videoconferencing:

The Corporate Secretary must ship out notices to all of the administrators in accordance with the by way of-laws of the organisation and inquire in the stated be aware whether the Directors will attend bodily or via tele or video conferencing; and

The Director shall supply notice of at least five days prior to the scheduled meeting to the Corporate Secretary. The Corporate Secretary shall be knowledgeable of the Director’s touch numbers and shall inform the Director worried of the contact numbers they will name to join the meeting.

Transparency

It is vital that the Board has clean get right of entry to to corporate or financial facts, giving the transparency had to spotlight questions had to be answered. Rather than photocopy reports and appendices, keep in mind sending PDFs or even a link to a cloud force (which include Google Drive, Sharepoint, OneDrive, Box, or DropBox) to distribute essential documents.

Workflow

When it comes to digitizing your company’s workflow, do not be restrained by way of email correspondence. It may be tedious to manage. Instead, experiment with a digital kanban board or mission management software that lets in customers to maintain tune of pending duties.

An pressing change in policies and methods due to a brand new law or law should now not ought to wait for two months for Board of Directors approval and implementation.

Collaboration

Sending files, even electronic copies, to and fro may be cumbersome. To inspire collaboration, use your agency’s intranet or shared files directory to maintain tune of changes as they arise.

Google Suite, Office 365, and different cloud services have the ability to set permissions to supply view, edit, and administrative get right of entry to.

Governance must not be restricted to the confines of the organization workspace. Being capable of see and react to any troubles as they get up, with humans in region to make crucial selections with a purpose to remove these boundaries, will hold the employer moving.

Because strategic management manifests on a every day basis, selection makers ought to be capable of provide support in real time.

For big enterprises and dynamic corporations, in basic terms virtual governance is a reality. But, who is aware of while even the smallest of organizations behavior their Board conferences in Jedi Council style.

With its latest sputtering movements, the present marketplace run is starting to purpose some problem. And the discussions are getting greater tremendous. They have even reached the crowds of diverse social gatherings like inside the wedding ceremony of a relative I attended remaining weekend.

One excellent issue, although, the banter is still restrained to human beings within the know and no longer shared yet via any Tom, Dick and Harry who are remotely involved within the commercial enterprise of stock investing however have commenced to inspect it, having found the problem fashionable.

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Not to sound superstitious, whilst the discussions about the marketplace had been taken up far and wide into every person’s subject, it’s time to percent up. This is taken as certain sign foreboding the stop of the bull run.

The worries discussed were: “Is the marketplace losing steam? Could this sputtering be indicative of the marketplace’s coming fall? What are the telltale signs – technical and fundamental?”

If it isn’t always, “How will the marketplace manage to sustain its present day run? We have some restiveness growing more and more in the political scene. If no longer tended well, this may strengthen to create instability with a purpose to undermine existing monetary profits.

“How high would the marketplace climb, if ever?” As we’re privy to, the existing bull run is entering its 10th yr or so.

So a long way, that is “the second one longest and third strongest fairness bull marketplace since 1970,” market records show, too.
Searching for solutions to these questions, I have became to watching the actions on the increase in open hobby and discover if the will increase are observed via higher expenses (that is, if the market is a net customer as in line with the day’s record of the change). If they do, this is a signal that the marketplace remains inclined to hold paying better charges – that, in turn, is a good signal of the market’s fitness.

The manner I observe matters, I still experience confident approximately the market’s outlook. However, because average each day general price turnover has gone down, I keep a vigilant attitude.

Since an uptrend has been under manner for a while, similar to our market, it’s far cautioned that open interest should be viewed in a one of a kind mild.

When the absolute degree of open hobby is significantly high, this could be indicative of very large public participation. In this case, the marketplace will be susceptible because there at the moment are few buyers left at the sidelines who’ve not sold yet. As such, there is little threat for open interest to increase further.

Also, most people has no keeping energy to foil orchestrated selling movements by using massive interest, as they do appear even in our nearby market. You have heard of testimonies about the “Black Ninjas” and their likes who lorded the marketplace once upon a time, and which some present-day market gamers are looking to replica with the aid in their fans.

Week 26 basic outcomes

Four of the seven players in the sport succumbed to the market’s latent weak point even as the opposite three by some means controlled to defy the fate of the 4.

Actually, the market ended with a weekly benefit of 89.24 factors or 1.15 percentage most effective whilst it closed remaining week at 7,855.Seventy one. But common day by day turnover has distinctly maintained its highly extra sturdy degree of P7.05 billion, which can very well be the end result of improved open pastimes.

None of the profits made by means of the three, however, had been massive enough to dislodge frontrunner Pixiu in the game. But like within the case of stock trading neophyte Play Hard, his funding grew by means of 1.53 percent for the week, enabling him to make an thrilling comeback and wrest manage of the range three spot in the leaderboard with a return on investment (ROI) of 99.Eighty three percentage.

Pixiu’s overall performance slid to 124.30 percentage ROI, down by way of 3.44 percentage from the preceding week as nearly all the
shares in her funding portfolio misplaced cost as a result of the marketplace’s latent weak point. The dip in the cost of her funding portfolio via three.Forty four percentage changed into the best ever had through any of the gamers during the week.

Lucky once more along with his funding in Manila Electric Company (MER), HRB2015 maintained his number two role within the leaderboard with one hundred and one.Ninety eight percentage ROI, up zero.Forty two percent for the week. The price of MER stocks closed better remaining Friday.

Dondee Prime landed fourth inside the leaderboard to effectively dislodge and ward off Small Time Trader to 5th place ultimate week. Dondee Prime ended with a 97.29 percent ROI, down 0.79 percent, even as Small Time Trader most effective managed to register a overall performance of ninety six.Sixty two percentage ROI, down three.03 percent.

Still in sixth and 7th locations are St. Michael and Dud67 with performances of 96.22 percent (down 1.37 percent) and fifty nine.17 percentage ROI, up 0.Ninety six percent, respectively.

As said remaining Friday, the week become practically a struggle of trading wits between Pixiu and Play Hard. Play Hard drew the primary flow with 5 buying and selling orders closing Tuesday, Aug. 28. Pixiu followed healthy with eight buying and selling orders the next day Wednesday, Aug. 29.

With his guards up and not to be outdone, Play Hard submitted three more buying and selling orders on Wednesday.

Both took it smooth on Thursday then resumed trading shuffles day after today, Friday. Pixiu submitted simplest three trading orders, with only one “Done” however Play Hard blasted with six buying and selling orders with most effective one “Done.”
Below are the information in their ordinary transactions for Week 26, covering the period Aug. 20 to 24, 2018:

Bottom line

Most are uncertain of what may take place next in particular that the government is now faced with politically charged protests for its aggressive application to strengthen monetary improvement. Consumer expenses are growing even as a few government heads and their businesses are, on the identical time, fumbling.

These traits are riding traders to surprise of the marketplace’s future. Economic improvement can best manifest whilst the political front is solid and the government has the money to help its development applications.

However, like how Warren Buffet finds himself believing inside the potentialities of iPhone maker Apple with out virtually going into specifics, I consider the authorities will likewise achieve materializing its improvement plans within the subsequent years.

When this occurs, the market could be on its twelfth year of bull run with shares likely hitting fee degrees typically over today’s prices.