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Passersby are seen through a heat haze during hot weather at Sugamo district in Tokyo, Japan June 27, 2022. - A + A TOKYO (June 27): Japan scrambled on Monday to avert a looming power crunch as temperatures climbed nationwide, with authorities warning of higher than expected demand after the rainy season ended in the capital, Tokyo, at its earliest since record-keeping began. Less than two weeks ahead of an election for the upper house of parliament, surging electrical prices are making life tougher for Japanese customers, following higher fuel costs brought by Russia's invasion of Ukraine. A power shortage could batter the fortunes of the ruling Liberal Democratic Party (LDP), already under fire for its handling of higher consumer prices. "Electricity demand has been staying above yesterday's forecast since this morning, amid unseasonably intense heat," an official of the Ministry of Economy, Trade and Industry told a news conference, adding that demand had … [Read more...] about Japan braces for power crunch as heat rises with end of rains

CITY OF CALAPAN—Occidental Mindoro province has been experiencing a blackout since June 25, affecting more than 80,000 residents, Gov. Eduardo Gadiano said Monday, June 27. The province needs around 27 megawatts (MW), but only 20 MW is provided by the bunker-fired diesel power plant of the Occidental Mindoro Consolidated Power Corporation (OMPC) in San Jose town. OMPC shut down its plant on June 25 because its power supply agreement with Occidental Mindoro Electric Cooperative ended. The Inquirer tried to contact Calvin Luther Genotiva, OMPC’s chief operating officer, but he could not be reached immediately for comments. In a phone interview, the governor said OMPC had announced earlier that even with just a verbal go-signal from the Energy Regulatory Commission, OMPC could resume its supply. He said the weekend was terrible timing and wished for immediate intervention from the “higher-ups” on Monday, a working day. INQ lzb RELATED STORIES: Mindanao blackouts … [Read more...] about Blackout hits Occidental Mindoro as power deal ends

The Manila Electric Company (MERALCO) announced today the fifth consecutive month of lower power rates, as overall electricity rates for a typical household consuming 200kWh decreased to P9.0414 per kWh this September from last month’s P9.5674 per kWh. The downward adjustment of P0.5260 per kWh will mean a decrease of around P105 in the typical household’s total bill. The fifth straight month of electricity rate decrease represents a total downward adjustment of almost P1.52 per kWh since April 2019. Lower WESM charges lead to overall generation charge decrease From P4.9620 per kWh last month, generation charge for September went down to P4.5191 per kWh, a decrease of P0.4429 per kWh. The generation charge decrease is primarily due to lower charges from the Wholesale Electricity Spot Market (WESM). WESM charges decreased by P3.6503 per kWh mainly due to improved supply conditions in the Luzon grid. The National Grid Corporation of the Philippines (NGCP) did … [Read more...] about Meralco rates down for the fifth straight month

Hemang Kapasi is the Head of Equities at Sanctum Wealth Hemang Kapasi, Head of Equities at Sanctum Wealth feels banking and financials are well-placed right now with the improving credit costs and rising interest rate environment, which is better for NIM (net interest margin) expansion. We believe banking and financials should do well once the current geopolitical tensions diffuse, said Kapasi in an interview to Moneycontrol. Hemang Kapasi has more than 13 years of experience in the equity market. Talking about the earnings, he said India Inc is bracing for earning downgrade in Q4FY22, largely led by elevated input and power costs. What is the one key theme that you want to bet on for the next fiscal? Close As things stand, we believe that the next financial year would not be led by one particular sector/theme as things are likely to be volatile. Having said that, we believe banking and financials should do well once the current geopolitical tensions … [Read more...] about Daily Voice | India Inc could face earnings downgrade in Q4FY22 after seven quarters of upgrade: Hemang Kapasi of Sanctum Wealth

President Rodrigo Roa Duterte and People’s Republic of China President Xi Jinping discuss matters during the bilateral meeting at the Diaoyutai State Guesthouse in Beijing on August 29, 2019. ROBINSON NINAL/ PRESIDENTIAL PHOTO BEIJING- President Duterte wants to hasten the implementation of the memorandum of understanding (MOU) for the joint development in the South China Sea between the Philippines and China during the last half of his six-year term, according to Philippine Ambassador to China Jose Santiago Sta. Romana. Speaking with reporters here on Thursday, Sta. Romana said both parties would have to sit down and create joint steering and working committees to put into motion the terms of reference that the representatives of two countries had agreed to adopt. He said private firms from both China and the Philippines would also be composing the joint entrepreneurial working committees to harmonize the development activities identified in disputed areas and recognized … [Read more...] about Duterte wants to hasten MOU implementation for joint South China Sea development

RC Bhargava, chairman of Maruti Suzuki India Ltd. in Noida, India, on Tuesday, June 21, 2022. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Maruti Suzuki India Ltd., the automaker that sells every other car on the nation’s roads, believes electric vehicles aren’t the answer to reducing carbon emissions in the world’s third-biggest releaser of greenhouse gases -- at least not in the immediate future. India’s largest automaker reckons that vehicles powered by hybrid technology, natural gas and biofuels present a better path toward a cleaner future than electric cars considering the nation generates about 75% of its electricity from dirty coal, Chairman R.C. Bhargava said in an interview. “Talking about electric cars without looking at the greenness of the electricity generated in the country is an inadequate approach to this … [Read more...] about Maruti Suzuki bets on hybrids over EVs in clean shift

Share to Twitter Share to Linkedin Ukrainian forces have repeatedly repelled Russian attacks and inflicted heavy losses on the attackers, as seen in an attempted river crossing at Siverskyi Donets yesterday which left the area littered with burned-out Russian vehicles . While light anti-tank weapons such as the Javelin play an important part, Ukrainian artillery does most of the damage, striking targets with extreme precision from indirect long-range fire. How can they achieve this extraordinary accuracy? The answer may lie in cheap drones. Hitting a tank with an artillery round is an unusual feat. A round fired indirectly – lobbed at grid co-ordinates which are invisible to the gunner – will have a ‘ circular error probable ,’ or CEP, measured in tens of meters, which is the circle inside which half the rounds land. For a 155mm weapon the CEP is typically 25 meters at 15 miles, making it difficult to hit a tank-sized target. Doing so normally requires a … [Read more...] about How Drones Are Making Ukrainian Artillery Lethally Accurate

Share to Twitter Share to Linkedin During the first four months of the Russia-Ukraine war, the “Most Valuable Player” award could readily go to the Bayraktar TB2 drone. This drone provided the Ukrainians with the necessary air power to repel the initial Russian assault and then slow the Russian advances in the Donbas region. Despite the numerous successes of the TB2 drone, reports indicate that their usage in the Donbas region has become limited due to a large number of Russian anti-aircraft systems. The importance of the TB2 drones to the Ukrainians cannot be overstated. According to Oryx , a blog that tracks the destruction of military equipment through open-source reports, these drones are credited with destroying the following: 6 armored fighting vehicles, 5 towed artillery, 1 multi-rocket launcher, 2 anti-aircraft guns, 10 helicopters, 6 naval ships, 3 command posts, 1 communication station, 2 logistics trains, and numerous resupply trucks. The … [Read more...] about The Ukrainian Military Is Changing Its Tactics With Bayraktar TB2 Drones

Share to Twitter Share to Linkedin Russian forces are targeting the M-777 howitzers the United States has given to the Ukrainian army. The Russians have knocked out at least three of the 155-millimeter towed howitzers, 126 of which the United States has pledged to the Ukrainian war effort. These losses belie Ukrainian artillery’s impressive performance against tough odds. According to the best outside analysis, the Russian army has lost more artillery than the Ukrainian army as Russia’s wider war in Ukraine grinds into its fourth month. Ukrainian gunners excel at “counterbattery” fire—that is, quickly shooting back at Russian guns. “The M-777s have been absolutely lethal,” U.S. Secretary of Defense Lloyd Austin told reporters last week. The Ukrainian army went to war with 1,800 artillery pieces—almost all of them ex-Soviet models that the army inherited following the Soviet Union’s 1991 collapse. The ex-Soviet cannons mostly are 122-millimeter and … [Read more...] about The Russians Are Targeting Ukraine’s American-Made Howitzers

Asia needs good relations with both the US and China "as they play differing but important roles", says Ahmad Fuzi Abdul Razak, governor of Penang state. SUPPLIED Asian economies are bouncing back amid the so-called Great Reset triggered by the Covid-19 pandemic. But a cautious mood prevails given the possible short-term risks of new waves of the virus, rising inflation and political instability. However, corruption remains one of the main challenges that Asian countries must address as they recover from the pandemic-hit downturn, experts say. Corruption is one of the three C's that pose challenges for the region. The other two are Capital -- given concerns that investment flows could decline -- and the Cost of living crisis as rising inflation affects countries globally, said Michael Yeoh, president of the Malaysian think tank KSI Strategic Institute for Asia Pacific. "We've seen in many Asian countries, how corruption has affected economic growth and the need to enhance … [Read more...] about Advancing cautiously