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Wednesday, February 23, 2022

Huanyu High-tech – A Joint Venture of Eaton and Huanyu meets growing demand for circuit protection solutions in Philippines with the launch of “HUYU” brand


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This is the first time the HUYU brand has been officially launched in Southeast Asia.

 

 A joint venture of Eaton and Huanyu has launched its HUYU range of low-voltage circuit protection solutions, which are designed to help businesses and households meet the growing demand for safe, reliable, and efficient power.

 

The launch marks a milestone for the newly established joint venture of Eaton and Huanyu that manufactures and markets low-voltage circuit breakers and contactors in China and throughout the Asia-Pacific region. The two companies had announced their partnership last year with Eaton’s acquisition of a 50 percent stake in Huanyu High-tech.

 

As the use of modern appliances grows, existing electrical systems that lack the capacity to support increasing power demands may exacerbate the threat of electrical fires, resulting in serious harm. According to the Bureau of Fire Protection, electrical connection issues are one of the top causes of fires in Metro Manila. Devices like Miniature Circuit Breakers (MCB) and Moulded Case Circuit Breakers (MCCB) can help to protect power equipment from hazards such as overload and short circuit, and improve the reliability of the power network. This is especially important for businesses which rely on a steady source of power, such as network communications, transportation, manufacturing and construction.

 

“COVID-19 and recent technological advancements have accelerated digital transformation in many organizations, contributing to higher levels of power consumption. Ensuring power quality and efficiency is a priority for businesses, especially during the dry season,” said Oliver San Juan, Sales Director, Philippines, Eaton East Asia.

 

“Facilities teams should conduct regular inspections of their power distribution and protection systems,” Oliver advised. “Replacing ageing components with energy-efficient alternatives will help to lower operational costs and carbon emissions. Organizations who meet their power demands safely and efficiently will be well-equipped to deliver better services, innovate and stay ahead in a smarter future.”

 

“With Eaton’s global scale and presence in Southeast Asia and Huanyu High-tech’s strong product portfolio and manufacturing capabilities in China, the availability of ‘HUYU’ brand will allow us to present even greater variety and value to our customers. This aligns very well with our commitment to empower organizations with future-ready infrastructure and technology tools,” said Larry Cunanan, Vice President, Business Development at MEC Networks Corporation, an authorized distributor of both Eaton and Huanyu High-tech.

 

The HUYU EXB3 Miniature Circuit Breakers and EXM3 Moulded Case Circuit Breakers are now available through MEC Networks Corporation in Manila, and will be introduced to the rest of the Luzon, Visayas and Mindanao regions by June 2022.

DepEd increases ceilings of provident fund loans to assist personnel


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The Department of Education (DepEd) has increased the ceilings on the Provident Fund (PF) loans to further assist teachers and non-teaching personnel with their financial needs. 

 

“Even as we are seeing the light at the end of the tunnel of this public health situation, we are determined to implement financial policies that can help our teachers and personnel fully recover from the impact of the pandemic," Education Secretary Leonor Magtolis Briones said.

 

On the amended orders that prescribe the Maximum Loanable Amount and delegates Approving Authorities under DepEd Provident Fund Program, the ceilings for a PF Multi-Purpose Type Loan is Php 100,000.00, while Additional Loan (for extreme cases) Type is now at Php 200,000.00, from the previous Php 100,000.00. Thus, a Provident Fund member can borrow a maximum of P300,000 from the Provident Fund.

 

The fund's beneficiaries are teaching and non-teaching personnel from Central, regional, division, and other field offices of the Department who have permanent and regular status of employment and who are subjected to official payroll deductions.




 

“By adjusting the ceiling of additional PF loan for extreme cases by Php 100,000.00, we have provided our DepEd Regional Provident Fund (PF) Chapters more flexibility to assist our field personnel on their financial needs,” Undersecretary for Finance Annalyn Sevilla said.

 

In the amended increase for both types of PF loans, the contractual interest rate is 6 percent per annum. It may be paid from one to five years, depending on the capacity to pay by DepEd borrower, which is subject to the net take-home pay requirement set under the Authorized Deductions, General Provisions of the Annual General Appropriations Act.

 

Moreover, the approving authorities for the approval of said loans per PF Chapter, as an addendum to DO 37, s. 2018, shall be as follows:

1. For Central Office Chapter, the Recommending Approval is from the Head, PF National Board of Trustees (NBT) Secretariat, and the approval will come from Undersecretary for Finance.

2.  For Regional Offices, the Recommending Approval is from the Head, Regional PF Board Secretariat, and the approval will come from Regional Director.

3. For Schools Division Office, for the Multi-Purpose Loan, the Recommending Approval is from the Head Schools Division PF Board Secretariat, and the approval will come from Schools Division Superintendent (SDS). Meanwhile, for the Additional loan, the Recommending Approval will come from SDS and Head, Regional PF Board Secretariat, and the approval will come from the Regional Director.

 

For more information about the issuance and PF loans, contact the Employee Account Management Division, the PF NBT Secretariat, at co.provident@deped.gov.ph or telephone number (02) 8633-7248.  


Speech of His Highness Sheikh Tamim Bin Hamad Al-Thani Amir of the State of Qatar At The Opening of The Sixth Summit of the Heads of State and Government Members of the Gas Exporting Countries Forum (GECF)


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In the Name of God, the Most Gracious, the Most Merciful



Your Excellencies,

Heads and Members of Delegations,

Our Distinguished Guests,
Members of Delegations of the Observer States,

At the opening of the Sixth Summit of Heads of State and Government of the Gas Exporting Countries Forum, it is my pleasure to welcome you to Qatar, praying to God that our deliberations be culminated in success.

Our summit is being convened today amidst the challenges that have been posed by the Corona Virus pandemic for more than two years, leaving its imprint on various aspects of human life around the world.

While we are all working to confront this unprecedented crisis, it has become clear that resilience and international cooperation are still important factors in transforming challenges into opportunities, and in the transition to a new normal situation that ensures the continuation of growth and prosperity that everyone seeks to achieve.

This pandemic has constituted a supportive factor for renewing the global dialogue on the challenges facing humanity as a whole, namely the climate change and the transition to low carbon energy.

This dialogue provided an opportunity to highlight the pivotal role of natural gas in the desired energy transformation, and in the search for a reliable source of energy that provides the right balance between achieving economic growth and dealing with environmental challenges, in addition to the valuable opportunities it offers towards economic recovery in the post-coronavirus pandemic era.
Honourable Audience, Ladies and gentlemen, 

Over the past two decades, the world has witnessed a major change in the energy chart, where the natural gas has occupied a large space, for several reasons, including that it is the least harmful energy source to the environment among other fossil energy sources. Natural gas has been able to occupy increasing spaces in the energy basket in many countries.

The Gas Exporting Countries Forum has played a major role in enhancing the contribution of natural gas to supporting economies and facing environmental challenges, which also contributes to achieving sustainable development goals. In
this regard, we appreciate the joint efforts of all member states which have worked to provide reliable natural gas supplies to global markets, and maintained the stability of the markets.

The transition to low-carbon energy is not only relevant to producers, but is also closely related to end-users whose consumption behaviours determine the extent of the effectiveness and success of this transition. The transformation efforts must follow a balanced approach that takes into account human and economic development requirements in developing countries and poor societies, where nearly one billion people are deprived of electricity and fuel, the two basic sources required for a decent life for human beings.

Investing in the ways and means of scientific and technological advances to capture and sequester carbon and reduce methane emissions is an essential component of a successful clean energy transition, and in enhancing the qualitative value that natural gas provides to users around the world, and keeping the global energy economy on a sustainable path,

The State of Qatar has confirmed on many occasions its commitment to support the transition to low carbon energy through working to remove more carbon from the gas production chain, as the largest ever carbon capture and sequestration facility in the Middle East and North Africa (MENA) region was commissioned several years ago with an annual capacity of up to 2.5 million tons of carbon dioxide equivalent annually. This capacity will reach about 9 million tons by 2030.

To enhance our role in the natural gas industry, we are working to develop and increase our production capacity of liquefied natural gas from 77 million tons per year currently to 126 million tons per year by 2027, through the North Field production expansion projects, which include huge investments in eco-friendly technologies, namely an integrated system for capturing and injecting carbon dioxide, which, when fully operational, will become the largest of its kind in the LNG industry. Solar energy will be relied upon to generate part of the electricity required for this project. Honourable Audience,
Ladies and gentlemen,

The achievements of the Forum during this short period since its inception can't be ignored. They contribute day after day to achieving its goals and enhancing its collective vision and mission. Our summit comes today to confirm the basics through which our Forum works to promote the role of natural gas and its contribution to supporting economic development, social progress and environmental protection.

Our summit also emphasizes the importance of ensuring the security and stability of the supplies and the demand, and the existence of transparent and nondiscriminatory legal frameworks that guarantee the interests of the member states of the Forum, in addition to adopting fair policies in the fields of energy and environment in gas consuming countries.

The importance of highlighting the crucial position of natural gas must be emphasized here as a primary energy source that we greatly need to manage the irregular nature of renewable energy resources and to compensate for daily and seasonal demand fluctuations.

The State of Qatar will continue to support the efforts to protect the interests of the gas exporters, and to preserve the interests of the consumers, and to affirm the full and permanent sovereign rights of the member states to develop and exploit their natural resources. We will remain committed to enhancing the role of natural gas in the transition to low-carbon economies, and working alongside all our partners to achieve sustainable growth in the gas industry and meet the growing demand for this important source of energy. We will also seek to encourage investments and develop infrastructure and member states' capabilities to respond to natural disasters and accidents.

We renew our call for strengthening dialogue and cooperation between the member states on the one hand, and between the exporters and importers on the other hand, to ensure the security of natural gas supplies and the stability of the global gas markets.

In conclusion, I would like to congratulate His Excellency Eng. Mohamed Hamel, Secretary-General of the Gas Exporting Countries Forum, on assuming his new tasks and to commend the valuable efforts of the General Secretariat over the past years under the leadership of His Excellency the former Secretary General, Dr. Yury Sentyurin.

I reiterate my welcome to you, and I wish the deliberations of this summit every success.

May peace, mercy and blessings of God be upon you.

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