My Google Page Rank

Indonesian government keen on adopting 'Pantawid Pasada' Program

PDFPrintE-mail

Jakarta - President Benigno C. Aquino III’s fuel subsidy program Pantawid Pasada Program (PPP) is being studied by the Republic of Indonesia as a possible substitute for their state-funded subsidy on fuel prices.

In a press briefing at the Jakarta Convention Center here on Saturday, Energy Secretary Jose Rene Almendras said that the Indonesian government is considering implementing a similar subsidy program that will be granted to specific sectors of the society aimed at helping their government maximize the funds allocated every year.

“They are actually looking at our Pantawid Pasada system, instead of subsidizing everything they will now move into direct subsidies to specific sector, mainly the transport system”, Almendras said.

“When their money runs out… they are going to shift to specific targeted solutions," he added.

Indonesia spends ten billion US dollars a year to subsidize the daily fuel requirements of its people.

Due to the increasing demand, Almendras said the Indonesian government expressed fears of a possible shortage of funds intended for the fuel assistance being extended to the people.

“Indonesia is an oil-producing country…but they do not have enough for the present demand. The President of Indonesia is worried about how they are going to handle it when and if they ran out of the money they set aside”, Almendras said.

Presidential Communications Development and Strategic Planning Office Secretary Ramon Carandang, for his part, said that Indonesia’s oil reserves have been depleting resulting to difficulties for their government to sustain the subsidy. The reduction in oil reserves has also affected their membership to the Organization of the Petroleum Exporting Countries (OPEC).

He added that in recent years, the Indonesian government has been reducing financial support to the rising prices and demand of oil.

“They are moving away from almost a universal subsidy on fuel towards a more targeted subsidy like we have in the Philippines and this is an economy that is larger than ours in absolute terms,” Carandang noted. (PNA)




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

Globe lands SEA-US cable system in Davao City; nears commercial operations

28 Mar 2017 Hits:57 Be the first to comment!

Globe Telecom successfully landed over the weekend the Southeast Asia-United States (SEA-US) submarine cable system, bringing the company one step closer towards the provision of richer and enhanced international connectivity to businesses in Davao and the rest of the country. “We are excited over this development since it won’t take long before we can finally address the rising demand for internet services from businesses in the Philippines,” said Mike Frausing, Globe Business Senior Advisor. “We are very near commercial operations.  Once it commences, the cable system will be able to provide greater route flexibility and better future support for bandwidth-dependent applications and services consistent with the growing trend of companies shifting their business critical operations to digital.” “The primary source of information [...] Read more

Prev Next Page:

Metro Manila residents feel safer; cops step up crime drive

28 Mar 2017 Hits:49 Be the first to comment!

At least 82 percent of Metro Manila residents feel safer in the streets due to the intensified police campaign against illegal drugs, a Pulse Asia survey shows. Pulse Asia randomly selected [...] Read more


SSS eyes mandatory OFW coverage

28 Mar 2017 Hits:49 Be the first to comment!

The state-run Social Security System said it is asking the help of lawmakers to implement the mandatory coverage of Overseas Filipino Workers (OFWs) following its goal to expand its members’ [...] Read more


Students under SPES to help direct traffic flow - Jawo

28 Mar 2017 Hits:55 Be the first to comment!

The city government will use the services of students under the Special Program for Employment of Students (SPES) to help in the implementation of the experimental traffic rerouting scheme. Traffic coordinator [...] Read more


(For effective traffic scheme:) Illegal parking not tolerated

28 Mar 2017 Hits:59 Be the first to comment!

Authorities warned motorists anew against illegal parking, particularly in light of the experimental traffic scheme currently being implemented. Executive Assistant Jawo Jimenez said owners of illegally parked vehicles will immediately receive [...] Read more


(TFZ change of command set today:) Beng cites Uy for efforts vs terrorism

28 Mar 2017 Hits:57 Be the first to comment!

Mayor Beng Climaco has cited Col. Juvymax Uy, outgoing commander of Task Force Zamboanga for his hardwork and efforts in maintaining peace and security in the city that resulted to [...] Read more


LIAC on transportation tackles traffic scheme, truck ban

25 Mar 2017 Hits:155 Be the first to comment!

The City Administrator’s Office on Thursday afternoon convened the Local Inter-Agency Committee (LIAC) on the Enforcement of Land Transportation Regulations to tackle pressing issues affecting traffic in the city’s main [...] Read more


Visually-impaired Dapilin graduates cum laude

25 Mar 2017 Hits:92 Be the first to comment!

A visually-impaired student from Basilan Province is graduating cum laude with a degree of Bachelor of Science in Education at the Western Mindanao State University (WMSU) on Wednesday, March 29. Abdulazis [...] Read more


Chides Magdalo men for being ‘cowards’

24 Mar 2017 Hits:121 Be the first to comment!

President Rodrigo Duterte on Monday branded Vice President Leni Robredo as an enemy who was in a hurry to claim the presidency and described Senator Antonio Trillanes IV as “a [...] Read more


Globe equips Manila Science HS with 21st Century classroom

24 Mar 2017 Hits:95 Be the first to comment!

Globe Telecom and Habitat for Humanity officially turned over to Manila Science High School (MaSci) over the weekend a multifunctional Information and Communications Technology (ICT) laboratory with a collaborative working [...] Read more


WestMinCom troops honor fallen marine soldier

24 Mar 2017 Hits:99 Be the first to comment!

A fallen soldier from the Marine Battalion Landing Team (MBLT)-2, who was killed during a clash with communist rebels, was honored in a send-off ceremony before he was brought to [...] Read more


Six alleged drug pushers arrested

24 Mar 2017 Hits:96 Be the first to comment!

Six persons, including a minor, were arrested in a series of buy-bust operations conducted by the different police stations of the Zamboanga City Police Office (ZCPO), Wednesday. The Drug Enforcement Team [...] Read more


MGB-9 orders stoppage of illegal gold mining in Baliguian town

23 Mar 2017 Hits:93 Be the first to comment!

Local small-scale miners looking for gold ores were ordered to stop illegal mining activities in Pigbogololan area in the rural town of Baliguian, Zamboanga del Norte early this month after [...] Read more


Globe myBusiness gives tips to working in the comfort of your own home

23 Mar 2017 Hits:93 Be the first to comment!

Many business owners enjoy working from home, but there’s a challenge that automatically comes with it.  There are certainly many perks, like being in charge of your own time, dressing [...] Read more


Cocolisap funds await PCA, City Hall coordination gab

22 Mar 2017 Hits:87 Be the first to comment!

Funds to rehabilitate the coconut industry following the cocolisap devastation cannot be released as of yet until after the Philippine Coconut Authority (PCA) regional office 9 and the city government [...] Read more


Koko sees okay of free internet access, six key bills this year

22 Mar 2017 Hits:130 Be the first to comment!

Senate President Aquilino “Koko” Pimentel III said Congress is expected to approve this year the bill on free internet access in all public places and six other key priority measures [...] Read more


Ateneo shines anew in Physician Licensure Exam

22 Mar 2017 Hits:136 Be the first to comment!

The Ateneo de Zamboanga University School of Medicine (ADZU-SOM) once again came up with an impressive performance during the recent Physician Licensure Examination (PLE) given by the Board of Medicine [...] Read more


Globe At Home Customers Meet the Cast of Wicked

21 Mar 2017 Hits:96 Be the first to comment!

The year is just beginning, but one of the highlights of 2017 is the staging of the Wicked, the West End musical, which transformed the Theatre at Solaire into the [...] Read more


Zambo harvests 80 gold medals in ZPRAA

21 Mar 2017 Hits:117 Be the first to comment!

The Zamboanga delegation ranked second in the secondary level and third in the elementary level in the recently concluded Zamboanga Peninsula Regional Athletic Association (ZPRAA) meet held in Dipolog City [...] Read more