Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Thursday, 17 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << October 2019 >> 
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/09/21

PNOC grants scholarship to 240 Valencia studes

by Jennifer Tilos

Dumaguete City (21 September) -- A total of P1.2 million will be awarded to some 240 high school students as scholarship grant by the Philippine National Oil Company - Energy Development Corporation (PNOC-EDC) on September 21, 2007 during the high school scholarship awarding ceremony at Valencia Gym.

Of the total scholars coming from the three National High Schools in Valencia, 70 from Pulangbato National High School; 85 from San Pedro Academy Recoletos in Barangay Caidiocan, and 85 students from Valencia National High School.

Each scholar will receive P5,000 scholarship grant which include tuition fees, school supplies, stipend and other needs in schools.

While, the present administration is investing P3 billion in science and engineering research and development technology, including scholarships for masters and doctoral degrees in engineering in some universities in the country.

This is the 4th year of PNOC's scholarship program which started last 2004 as part of its corporate social responsibilities that provide educational access to poor but deserving students in barangays within the geothermal site.

President Gloria Macapagal-Arroyo said, she had instructed the Department of Education (DepEd) to "fast-track English training among grade school teachers - including principals."

In the National Competitiveness Summit last year, the government resolved that by 2010, the proficiency level of Math, Science and English in the schools should be improved by 30%.

The government have funds to spend additional hundred billion pesos every year or P1T for a medium-term public investment program to enhance the natural competitive advantages of the natural sub-economies or Super Regions of RP. The President said, the administration is determined to raise the infrastructure spending to GNP ratio to 4.5% which is the asset average.

Last week, PGMA signed an EO to launch GIGA, the Generating Investments in Geothermal Areas project. That EO instructs LGUs to set up economic zones in the jurisdictions near 7 geothermal project sites of the PNOC so that embassies can benefit from the local government's use of their geothermal project royalties.

The President said, in these areas including the Palinpinon getothermal, local governments have large bank accounts from royalties and the money is used to subsidize the electric bills of their constituents.

Thus, PGMA urge electronics investors to take advantage of these subsidized electric bills in the communities hosting geothermal plants.

A lower electric bill is already a powerful draw but will make it more irresistible by throwing in the other fiscal incentives which an economic zone is allowed to grant. The synergy of geothermal power and eco-zones will power up progress. The EO instructs the PEZA to guide the LGUs in setting up these economic zones in geothermal areas, Arroyo said. (PIA) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»BIR offers amnesty for unpaid revenue taxes
»Join "Premyo sa Resibo" raffle and win P1-Million weekly prizes
»PPA reduces wharfage dues in ports despite high revenue losses
»Army downplays role in Comval political reconciliation
»Filipinos are IT experts, says Japan official
»Saudi gov't to assist ARMM on halal certification
»Gov't urged to address Mindanao agri-market concerns
»"MIGS-Aral Tayo" program to boost performance of Grade 1 pupils
»GSP holds 26th junior, senior cadet encampment
»Dumaguete Muaythai fighters bring home medals from RP Olympic festival
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines