by UNTV News | Posted on Wednesday, 20 March 2019 03:44 PM
MANILA, Philippines – Power Distributor Manila Electric Company (Meralco) on Wednesday (March 20) assured that its power supply remains adequate to meet the expected high demand this dry season.
Meralco made the assurance following concerns on recent power service interruptions it announced within its franchise areas in Metro Manila and nearby towns.
Meralco Corporate Communications Manager Joe Zaldarriaga said the power interruptions were due to scheduled maintenance works they have regularly implemented for more than three decades now.
He explained that this is necessary to maintain their distribution facilities and repair any defects in their electric posts and cables.
“We are confident na we will have ample supply even during the summer months, ’wag lang magkakaroon ng unforeseen emergency situation,” Zaldarriaga told reporters at a press briefing.
Netizens have raised concerns on possible shortage after the utility firm announced power service interruptions amid water crisis that gripped parts of Metro Manila and nearby areas since early March.
However, Zaldarriaga assured the maintenance work will only affect select areas for a short period of time, ranging from 30 minutes to eight hours.
“Hindi po ito malawakan, pocket areas lang po ito specific to certain areas. And once nagkaroon ng interruption doon, for a very long time, hindi na ho ito mauulit. It’s a one-time interruption schedule,” he said.
On Monday (March 18), Meralco announced service interruptions from March 19 to 23 affecting parts of Quezon City, Makati, Caloocan, Pasay, Mandaluyong, San Juan, Laguna, Bulacan and Rizal Province.
Despite having sufficient supply, Meralco still called on its consumers to conserve energy as incidents of brownout remain possible during dry season.
Zaldarriaga also urged the public to avoid spreading wrong information so as not to cause panic among power consumers.
“We just want to clarify, sometimes may headlines kasi nakalagay ‘power interruption mula March 11, for example, hanggang March 28’. It causes undue fear sa parte ng maraming consumers and this is shared, retweeted,” he said.
“I just like to assure all our customers that our power situation is normal. Wala tayong problema as far as supply is concerned,” he said. – Robie de Guzman (with details from Joan Nano)
by UNTV News | Posted on Friday, 8 March 2019 02:28 PM
MANILA, Philippines – The Philippine capital of Manila has been tagged as the world’s fastest growing luxury home market for 2018, based on a study published by Knight Frank Prime International Index.h
The latest report of property consultancy agency Knight Frank showed that Manila beat obvious candidates such as Berlin in Germany, Tokyo in Japan, Paris in France and Singapore in the ranking of top cities on how much prices for luxury homes have increased in the past year.
The report said the City of Manila experienced an increase in the prices of luxury homes by 11 percent in 2018, buoyed by the Philippines’ strengthening economy and an apparent shortage of luxury homes. Also contributing to the increase in prices are the low supply and the increased demand from wealthy foreigners living in Manila.
Knight Frank also reported that the country’s economy grew by six percent in 2018, which attracted more Filipino expatriates to invest in properties back home.
But despite its top ranking, the report said the overall growth in luxury home prices is dwindling, and Manila’s price growth is still far from last year’s top performers, which saw a 21 percent overall growth. The deceleration was attributed to the end of real estate low interest rates, which boomed in 2008.
The study also cited the significant slowing down of luxury home growth in the Philippines after the developers’ renewed their focus on more affordable housing amid predictions that there is more demand in the low to medium-end markets.
Apart from Manila, the only other Southeast Asian city that made it to the top ten of list of 100 cities was Singapore, which ranked 7th overall after registering a 9.1 percent increase in luxury home prices.
In the West, Edinburgh ranked second with 10.6 percent growth followed by Berlin, Germany with 10.5 percent, Munich and Buenos Aires both with 10 percent; Mexico city ranked sixth with 9.5 percent while Madrid landed at 9th pace after registering an increase of 8.1 percent in luxury home prices.
Boston, Massachusetts in the United States ranked 8th after gaining 8.6 percent increase while San Francisco placed at 10th.
Beijing, China ranked 25th with only four percent increase while Hong Kong ranked 47th overall with 1.8 percent increase in luxury home prices. – Robie de Guzman
by UNTV News | Posted on Monday, 4 March 2019 02:12 PM
MANILA, Philippines – The Department of Transportation (DOTr) has released on Monday several photos showing the mock-up station models of the Metro Manila Subway project.
The DOTr said these models will serve as prototype of the first ever underground rail line in the Philippines.
The Metro Manila Subway project finally broke ground on February 27 after some delays due to conflict of schedules with Japanese officials.
DOTr aims to have the first three stations of the Metro Manila Subway – Quirino Highway, Tandang Sora and North Avenue – partially operational in 2022 and the remaining stations fully operational by 2025.
It will be connected to the Light Rail Transit (LRT) line 1 and Metro Rail Transit (MRT) line 3 and 7 through four common stations. Subway stations will also be accessible to land-based public transportation utilities such as bus, taxi and jeepneys.
Overall, the multi-billion peso Subway System will have fifteen (15) stations from Quirino Highway to FTI and Ninoy Aquino International Airport (NAIA) Terminal 3 in Pasay City.
With the speed of 80 kilometers per hour, the travel time from Quezon City to NAIA terminal 3 will only take around 30 minutes.
“When we announced that we are doing the Subway, many sectors did not believe. Sabi nila, ‘Subway station? Drawing lang ‘yan. Hindi totoo ‘yan.’ Sa mga nagduda, ang Subway Station po ay totoo. Ito ang magbibigay sa ating mga Pilipino ng comfortable life,” DOTr Secretary Arthur Tugade said.
The Metro Manila Subway System project outlines a program toward 2030 for sustainable development for Central Luzon, Calabarzon and National Capital Regions that would require P2.61 trillion in investment.
As the construction for the country’s first underground railway system begins, the DOTr appealed for public’s understanding as this would definitely cause heavy traffic. – Robie de Guzman
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