The Japan Times - Philippines' Marcos says 'perhaps time to revisit nuclear energy'

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Philippines' Marcos says 'perhaps time to revisit nuclear energy'
Philippines' Marcos says 'perhaps time to revisit nuclear energy' / Photo: TED ALJIBE - AFP

Philippines' Marcos says 'perhaps time to revisit nuclear energy'

Philippine President Ferdinand Marcos, who declared a national energy emergency this year, said Monday that nuclear power might hold answers for a country paying the highest electricity prices in the region.

Text size:

Marcos made the suggestion in a wide-ranging State of the Nation speech that placed spiralling energy costs and inflation, driven by the war in the Middle East, centre-stage.

"Perhaps it is time for us to revisit nuclear energy production," Marcos told the joint session of Congress.

"We will ensure it is safe. We will ensure the good benefits of nuclear energy will be explained properly to the public."

The Bataan Nuclear Power Plant -- the only nuclear power plant in the Philippines -- was completed in the 1980s but never launched due to corruption issues and safety concerns.

The Philippines has conducted exploratory talks about nuclear energy with numerous countries including Japan, France, Russia and the United States.

Marcos offered no specifics about his atomic energy plans, the Philippines announced a deal with the United States in May 2024 to train Filipinos how to build and operate nuclear power plants.

Carlo Arcilla, former director of the Philippine Nuclear Research Institute, told AFP reintroducing nuclear energy into the conversation was a "no-brainer".

"While it's true that we have hydro and geothermal, these are not enough. We've experienced a lot of brownouts, especially in the Visayas," he said, referencing a region of the central Philippines that is home to more than 20 million.

"I hope the president follows this up with concrete action," Arcilla said.

Energy Secretary Sharon Garin said in March that the import-dependent archipelago planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaked havoc with gas shipments.

Marcos separately unveiled a raft of measures aimed at providing relief for the country's embattled middle class, including exempting those earning up to 350,000 pesos ($5,670) from income tax entirely. The previous threshold had been 250,000 pesos.

- 'No big fish' -

Three kilometres away, a crowd of about 3,000 protesters unable to approach the House of Representatives waved banners and called for accountability over a corruption scandal tied to bogus flood control projects believed to have cost taxpayers billions of dollars.

A year removed from a speech that first put the issue in the spotlight, Marcos -- whose approval rating sits at 38 percent according to recent polling -- insisted that the wheels of justice were turning, confirming that his own cousin would soon face charges.

"Even though this is painful for me, we need to do what is right," he said of charges the country's ombudsman are preparing against former House of Representatives speaker Martin Romualdez.

But critics have bemoaned the lack of arrests over the past year.

To date, the scandal has seen just one sitting politician arrested on charges tied to the scandal. A second was charged after first resigning his position, then fleeing the country.

Iya Trinidad, a 25-year-old activist among the protesters, slammed the pace of investigations, saying "no big fish have been caught".

"Last year, Marcos said, 'Have some shame,' but up to now, no one is ashamed," she said.

T.Maeda--JT