Mga tinaguriang 'bottlenecks' sa pagpasok ng foreign investors sa offshore wind projects,...

2 days ago

Mga tinaguriang 'bottlenecks' sa pagpasok ng foreign investors sa offshore wind projects, tinanggal ng economic manager ni PBBM

For more news, visit:
►https://www.ptvnews.ph/

Subscribe to our DailyMotion Channel:
►http://www.dailymotion.com/peoples-television-incorporated

Subscribe to our YouTube channel:
►http://www.youtube.com/ptvphilippines

Like our Facebook pages:
►PTV: http://facebook.com/PTVph
►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas

Follow us on Twitter:
►http://twitter.com/PTVph

Follow us on Instagram:
►https://www.instagram.com/ptvph

Watch our livestream on:
►http://ptvnews.ph/livestream/
►https://www.dailymotion.com/PTVPhilippines

Watch our News Programs, every Mondays to Fridays

Rise and Shine Pilipinas - 6:00 - 8:00 am
Bagong Pilipinas Ngayon - 12:00 - 1:00 pm
Sentro Balita - 1:00 pm - 2:00 pm
Ulat Bayan - 6:00 pm - 7:00 pm
PTV News Tonight - 9:30 pm - 10:30 pm

Saturday & Sunday:
►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00It is expected that the position of the Philippines will be more stable as a preferred investment destination,

00:06especially in the field of renewable energy.

00:09The so-called bottlenecks were removed

00:12or obstacles to the rapid entry of foreign investors.

00:16This is what Kenes Paciente has to say.

00:21The administration will strengthen the investment in the country

00:25after the economic team of President Ferdinand R. Marcos Jr.

00:29are the ones who are hindering the construction of offshore wind projects in the country.

00:35Through this, the Department of Environment and Natural Resources

00:40and the Department of Energy will work together

00:42after they signed a memorandum of agreement

00:44that requires the use of offshore and auxiliary areas

00:48that are covered by the contracts for the service of offshore wind energy

00:52that will further strengthen the development of renewable energy resources in the country.

00:57According to Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Goh,

01:02the so-called agreement on the obstacles to the construction of offshore wind projects

01:07from remote areas will be in effect.

01:09The process of following the guidelines of the environment will be easier

01:15especially that it will pave the way to resolve the limitation of foreign ownership of public land

01:20which is one of the main interests of foreign investors.

01:24According to Kalihim, it will pave the way to strengthen the potential of the Philippines as an investment hub

01:30while strengthening the renewable energy of the country

01:33which is one of the priorities of the administration in the exploration and development of the economy.

01:38And because of this agreement,

01:40the Philippines will be able to encourage foreign investments in offshore projects

01:44that will help the country in its development.

01:47Before the signing of the MOA,

01:49the government allowed the sector of renewable energy

01:52to allow 100% ownership of foreign land

01:55which drew interest from foreign residents.

01:58But it became clear to potential investors of offshore wind projects

02:02that the 40% limitation of foreign equity in the public land,

02:06exploration, development, and utilization of natural resources

02:10is a reason for the need for the support of local partners

02:13to realize the projects of the residents.

02:17But through this agreement,

02:19which gives the DOE the right to use the allocated locations for offshore wind energy projects,

02:25foreign residents will be able to access the places needed

02:30for the authorized activities of offshore wind through the DOE.

Mga tinaguriang 'bottlenecks' sa pagpasok ng foreign investors sa offshore wind projects,...

Category

Transcript

Recommended