by | Oct 8, 2024 | Business
GENERAL SANTOS CITY – “Alsons Power is helping unlock the vast potential of Mindanao, fueling communities, and driving sustainable economic growth while prioritizing environmental stewardship,” said Antonio Miguel “Anton” Alcantara, CEO of Alsons Power, at the 33rd Mindanao Business Conference (MinBizCon). The event, held at the KCC Convention Center in General Santos City, brought together key leaders to discuss the future of the region’s economy.
As the power business unit of the Alcantara Group—a Mindanao-focused enterprise with significant investments in energy, agriculture, and real estate—Alsons Power plays a crucial role in supporting the region’s rapid development.
Alcantara shared that the Department of Budget and Management is targeting an economic growth rate of 6.5% to 7.5% by 2025, which is expected to drive an even greater demand for energy.
Data from the Independent Electricity Market Operator of the Philippines (IEMOP) and the Department of Energy show that the Philippines reached a peak energy demand of 17,331 megawatts in 2023, which surged to over 19,000 megawatts by the April 2024. Mindanao mirrored this trend, reaching a peak demand of 2,642 megawatts in April this year, an increase from the 2,323 megawatts recorded in the previous year. These rising figures highlight the nation’s growing power consumption, driven by heightened economic activity and rising temperatures.
“Our population is rapidly growing, and every household increases power consumption, upgrading the use of electricity. That’s about 100–125 megawatts in Mindanao every year,” said Assistant Secretary Romeo M. Montenegro, Deputy Executive Director of the Mindanao Development Authority (MinDA), addressing delegates at the Zamboanga Peninsula (ZamPen) Power Summit last August.
“After 4-5 years, a shortage will happen again, which is why proper timing, coordination in terms of policy and investments, and attracting power investment sectors are a must in Mindanao to avoid the rotating brownouts that happened in the past,” Montenegro added.
To help meet this surging power demand, Alcantara outlined Alsons Power’s strategy to expand and diversify its energy portfolio. “We’re committed to developing new power plants with a strong focus on renewable energy while optimizing our existing conventional power assets,” he said.
Currently, Alsons Power has a capacity of over 460 megawatts, serving more than eight million people across Mindanao.
“Alsons Power is focused on building our renewable energy portfolio with various hydro and solar projects at different stages of development and implementation. These projects aim to contribute to the country’s goal of reaching a 35% renewable energy share by 2030 and 50% by 2040,” Alcantara said.
Recently, Alsons Power completed its first foray into the renewable energy landscape with the 14.5-megawatt run-of-river Siguil Hydro Power Plant in Maasim, Sarangani Province. This plant has an estimated annual output of around 95,000 MWh, capable of powering over 40,000 households. Siguil Hydro is the fifth renewable energy project to enter Mindanao’s Wholesale Electricity Spot Market (WESM).
Alsons Power is also advancing other renewable projects, including the Sindangan Zambo-River Power Plant with a potential capacity of 8.8 megawatts for the run-of-river hydropower plant and 29 megawatts for the solar power plant.
More than three decades after helping address the Mindanao power crisis and the region’s growing energy demands, Alsons Power remains committed to delivering safe, reliable, and affordable energy to the Southern Philippines and beyond. Recently, the Alcantara-led power business unit secured its first retail electricity supply agreement with Holcim Philippines, under which it will supply 80% of the energy needs for Holcim’s facilities in Davao and Lugait, Misamis Oriental.
“Reliable and affordable electricity is a key driver in attracting investments to a region. Our power facilities in Maasim, Sarangani, play a critical role in providing the stable energy needed to support and attract investments, not just within the province but across Mindanao,” emphasized Alcantara.
Alcantara also highlighted the company’s role in attracting large-scale industrial projects, including the multi-billion-dollar Panhua Integrated Steel Plant, a flagship venture by China’s Panhua Group, slated for completion by 2026 in the Kamanga Agro-Industrial Ecozone (KAIEZ) in Maasim, Sarangani.
“As we diversify our power sources, we remain committed to driving Mindanao’s growth, fostering economic progress, and safeguarding our natural resources,” Alcantara concluded.
by Penny Angeles-Tan | Oct 7, 2024 | Business
Iran’s attack on Israel dampened the #Uptober tradition in the crypto ecosystem. Most crypto prices have dropped, including Solana and XRP. How are the two crypto tokens doing now?
Uptober, a joyful tradition in the crypto ecosystem every October, seems to be faltering due to conflicts between countries. The reason is, that since Iran attacked Israel the crypto market has turned red, and so have Solana price and XRP.
Let’s take a closer look at SOL and XRP. The discussion will also include Solana pricing and XRP price now so you can find out what the condition of both of them is in real-time.
Why is October Special in the Crypto Ecosystem?
The Uptober tradition in crypto is not a traditional tradition which reflects the increase in crypto token prices. Apart from the volatile nature of crypto, various other factors can also make October a sad month for crypto token holders.
However, here are some reasons why October has been special in recent years for the crypto ecosystem.
1. Market Strengthening After Summer
June to September were indeed slow months for the crypto ecosystem. Starting from the price of Bitcoin, Solana, XRP, Ethereum, and various other crypto tokens experiencing price declines.
After the summer, conditions improved. One reason is that institutional investors return to the office after their holidays and interest in trading and investment has strengthened again.
2. October Becomes Encouragement
The end of October becomes a bridge to Q4 where investors begin to tighten their belts to welcome strong final results. Market activity also increased with crypto holders starting to strategize fully so that purchasing power becomes greater.
3. Movement of Various New Projects
Often various projects are presented in the final quarter of each year, ranging from large industries to new regulations welcoming the new year. This is why crypto prices often strengthen in October because there is new hope for the future.
Uptober Contaminated by Iran and Israel Conflict
Iran’s attack on Israel in early October shook the investment world, including the crypto ecosystem. When news of the conflict between the two countries heated up, the majority of crypto prices immediately went red, including Solana and XRP.
Uptober is widely doubted by crypto players. Coinglass data shows that more than $351 million was withdrawn from the market in the last 24 hours at the time of the reported Iran attack.
Current Solana and XRP Price Chart
Let’s analyze the current prices of XRP and Solana. These two tokens are known to be strengthening, especially XRP which is currently raising its ETF project. However, it can be seen that the price of XRP to USDT is still red.
XRP still seems to respond negatively to existing conflicts. The current price of the token is $0.5300 with a decline of -0.6%. The RSI indicator is in free fall at 36, which means that if it falls again then there is overselling and XRP bearishness will certainly occur.
However, XRP’s MACD line is struggling to rise through the boundary line. If XRP can prove its strength, the line can rise and the bearish trend will be broken, replaced by a bullish trend.
SOL to USDT was also the same as XRP, decreasing by a similar percentage, namely -0.5%. Currently, Solana is trading at $143.63, having previously reached its highest price of $144.58 in the last 24 hours.
However, Solana still shows a stable situation. The RSI indicator is still at 46, which means that even though the selling trend is more dominant than the buying trend, there is no excessive selling.
The MACD indicator is below the limit line, but looks like it is trying to return above. Solana still has a possible bullish trend.
Conclusion
That is information about Solana and XRP regarding the Iran and Israel conflict. You have to be more careful in deciding to invest in the crypto ecosystem at times like now. Research must be further deepened.
Bitrue will help you to do detailed research. Real-time price checking is available to you for free and you can even convert prices from USD to XRP, SOL, BTC, ETH, and prices of every other crypto token. That way, you can understand better how to buy SOL, XRP, and other crypto tokens.
by | Oct 7, 2024 | Business
Bosch Home Appliances and Häfele Philippines Inc. came together for an
exciting two-day event that captivated homeowners, designers, and cooking
enthusiasts, showcasing the latest innovations that are transforming Filipino kitchens. Held on September 28-29, 2024, at the Bonifacio
High Street Amphitheater in BGC, the event highlighted Bosch’s cutting-edge
kitchen solutions, offering modern design and enhanced functionality.
Event Highlights:
<img style="width: 100%;" src="https://slvrdlphn.com/wp-content/uploads/2024/10/public-86" alt="Hafele’s Product Manager Mr. Jal De las llagas, Conducted quick product highlight” />
Häfele: Proud
Partner of Bosch Home Appliances
Häfele is thrilled to be the local distributor of Bosch Home
Appliances, sharing their vision of bringing German quality home appliances to
Filipino kitchens. Häfele’s expertise in kitchen design and storage solutions
complements Bosch’s innovative appliances perfectly, allowing Filipino
homeowners to create functional and beautiful kitchens that reflect their
unique style.
Featured Bosch Products
Series
8 Freestanding Dishwasher (SMS8YCI01E): A highlight of the event, this
dishwasher wowed guests with its quiet operation, flexible loading, and
efficient cleaning technology.
Series
8 Built-in Oven (HBG676ES1): Used in live cooking demos, this oven’s
4D HotAir technology and self-cleaning function made it a favorite for its
ease of use and consistent results.
Series
6 French Door Refrigerator (KFN96APEAG): With spacious compartments
and VitaFresh technology, this refrigerator offered the perfect solution
for large families, keeping food fresher longer and saving on energy.
For more information about Bosch Home Appliances and
Häfele’s innovative solutions, follow us on our social media platforms and
visit our websites:
Bosch
Home Appliances
Website: <a href="http://www.bosch-home.com.ph">www.bosch-home.com.ph
Facebook: @BoschHomeph
Häfele Philippines
Website: hafelehome.com.ph
Facebook: @hafelephilippines
Instagram: @hafelephilippines
Stay updated on future events, product launches, and
exclusive promotions by following our official channels. Join us in
transforming your kitchens into the heart of your home!
by | Oct 7, 2024 | Business
Häfele Philippines Inc. successfully
showcased its cutting-edge solutions at the Hotel & Food Service Suppliers
Show 2024, held from September 19-21 at the SMX Convention Center, Pasay City.
The event attracted a significant number of industry professionals, including
clients, Hotel Owners and suppliers from the hospitality sector, all eager to experience Häfele’s wide range of innovative
products firsthand.
Häfele’s booth featured a
comprehensive display of their latest offerings, including sanitary fittings, complete
door hardware solutions, digital locking systems for door and cabinets, sliding
door solutions, furniture fittings (Hawa Sliding), home appliances, lighting
solutions (Loox5), and a variety of handles and hinges. Attendees explored these
products through guided tours and consultations with Häfele’s sales team.
Exclusive discounts and complimentary coffee enhanced the experience, allowing
visitors to engage more deeply with the brand. 
A key highlight of the event was the presentation
conducted by Mr. Emil Yague, Project Sales Manager of Häfele Philippines, which
focused on the company’s innovative solutions and relevance application within
the hospitality industry. His presentation offered valuable insights into how
Häfele’s products address the growing demands of hotels, restaurants, and
service providers.
Leading the Häfele team throughout
the exhibition was Managing Director Mr. Roland Poehlmann, who underscored the
company’s commitment to fostering strong
partnerships with key players in the industry. Häfele’s participation in the
show further solidified its reputation as a trusted provider of high-quality,
functional, and aesthetically pleasing solutions tailored to the needs of the
hospitality sector.
The event was a resounding success,
reinforcing Häfele’s position as a leader in innovative solutions for the
hospitality and food service industries.
We hope to see you at our upcoming
exhibits!
If you want to learn more about
Häfele’s products, visit our website or follow us on social media for the
latest updates and offerings.
Häfele Philippines
Facebook: www.facebook.com/hafelephilippines
Instagram : www.instagram.com/hafelephilippines
Website: hafelehome.com.ph
by Penny Angeles-Tan | Oct 5, 2024 | Business
On October 1, Iran launched an attack on Israel with 180 missiles. The attack caused the majority of crypto token prices to fall. So, what about the price of Bitcoin? Here’s the explanation.
Recently, the world has heated up again due to Iran’s attack on Israel. This conflict causes various investment instruments to experience price changes. Specifically, gold increased along with rising oil prices due to the conflict in the Middle East. So, what impact will Iran’s attack on Israel have on Bitcoin price?
You can see the development of Bitcoin prices after Iran attacks Israel and what the condition of the token price is now in this article. Read the detailed explanation until the end of the article.
Impact of Iran’s Attack on Israel on Bitcoin Prices
October has just begun and the world already seems chaotic. This was due to 180 Iranian ballistic and hypersonic missile attacks on Israel on Tuesday, October 1. Just after this attack, the crypto ecosystem immediately reacted. Almost all crypto tokens are colored “red” in response to tensions between the two countries.
This price decline was also experienced by BTC. Bitcoin prices fell quite drastically with a percentage decline in the range of 2-3%. In fact, on September 30 Bitcoin touched $65,000 after experiencing a long decline.
It is reported that BTC will also experience an increase in October after feeling it in September. However, due to the Iran-Israel conflict, these hopes were dashed.
Bitcoin and Its Response to World Conflict
Bitcoin does have an unfavorable trend in its response to world conflicts. Bitcoin tends to experience a decline when conflicts between countries arise.
As during the conflict between Russia and Ukraine in 2022, Bitcoin even experienced a decline of up to 7.9% and the price plunged below $35,000. Bitcoin even had a negative impact during the geopolitical conflict between the United States and China in 2018 and 2020.
However, Bitcoin once gave a positive response, namely when North Korea conducted a nuclear test in 2017. At that time, the price of Bitcoin soared with a continuous upward trend.
Current Bitcoin Price Chart
At the moment, harga BTC to USDT indeed experienced an increase of 1.16%. Although the price is still below $63,000, the increase is quite encouraging. The BTC token RSI indicator shows a number above 50, which means that currently, the buying trend is slightly dominating over the selling trend.
The positive Bitcoin RSI number is also reflected in the MACD line. It can be seen that the BTC MACD indicator is trying to rise above its limit line. This means that if the line continues to hold and is sustainable in its increase, a BTC bullish trend will occur and the price of Bitcoin will experience a sustainable increase.
Conclusion
The explanation of the impact of Iran’s attack on Israel on Bitcoin prices has reached its end. Even though it is enough to make the majority of investors worry and temporarily switch to traditional investment instruments, Bitcoin’s price is showing its strength again.
It is best to watch out for the high volatility of crypto tokens both positively and negatively. This is why we must conduct in-depth research when investing in the crypto ecosystem.
If you are currently doing independent research on Bitcoin to find out what its current condition is, Bitrue can help you. Bitrue has various features that you can use for independent research, starting from checking prices in real-time, finding out price conversions from BTC to USD, to articles that you can check to find out about current developments in crypto trends.
That way, you will understand about how to buy Bitcoin overall. Also, adjust your financial capabilities in determining how you invest in BTC and other crypto tokens.
You must be logged in to post a comment.