Energy revenue shares to LGUs released

MANILA — The Aquino administration has released P767.2-million fund for the local government units (LGUs) as part of their 40-percent share in energy revenue collections from the National Government, budget official said on Monday.
“The P767.2-million fund release will not only allow LGUs to fulfill their role in implementing critical programs and projects in their own communities—it will also give local governments enough legroom to lower the cost of electricity across their localities. This is particularly timely, given that energy usage tends to spike during the summer,” Budget and Management Secretary Florencio Abad said.
The collections were sourced from revenues generated from coal, petroleum, geothermal, and hydrothermal operations in the LGUs’ respective localities in 2011.
The release was charged against the P2.45-billion fund under Purpose A.3 of the Allocations to Local Government Units-Special Shares of LGUs in the Proceeds of National Taxes, of which P1.8 billion has been devoted to programmed expenditures for energy resources.
Section 294 of the Local Government Code specifically states that at least 80 percent of the proceeds culled from the development and utilization of energy sources should be used solely to lower the cost of electricity in concerned LGUs.
The remaining 20 percent, however, can be used to support local development and livelihood initiatives in localities covered by beneficiary-LGUs.
Of the total amount, P646 million was released to LGUs in Western Visayas, while Mimaropa received a P57.7-million share from the fund.
Another P49 million has been directed to Eastern Visayas, while P7.5 million and P5.1 million have been released to Soccsksargen and Central Visayas, respectively.
Bicold Region also received funds amounting to P737,575.46, while Zamboanga Peninsula received P452,991.50. A total of P241,779.43 has likewise been given to Northern Mindanao and another P208,645.75 has been set for the Caraga Region.
“The Aquino administration is committed to seeking viable solutions for energy issues in the country. We trust that this release will empower our LGUs and allow them to manage electricity costs in their assigned localities, and in the end, bring direct, immediate, and sustainable benefits to the communities they serve,” Abad said.
http://www.sunstar.com.ph/breaking-news/2012/04/23/energy-revenue-shares-lgus-released-217746
Best restaurant in Clark Pampanga attracts food and wine lovers from Manila, Subic and Angeles City Philippines to wine and dine at this fine dining restaurant. This top rated restaurant in Clark Pampanga is frequently visited by travelers from Manila, Subic, Baguio and neighboring provinces like Bulacan and other cities in Pampanga.

Where to go in Pampanga, tourist guide names Yats Restaurant as best restaurant in Pampanga, highly recommend visitors to visit this top rated resto bar in Pampanga Clark Philippines whenever travelling out of town from Manila to Angeles City or Subic. This is one of the most frequently restaurants in Pampanga, particularly favored by wine lovers from Manila and Subic looking for a good bottle of vintage wine at affordable prices. Here in this top rated restaurant in Pampanga, the cuisine is not heavy and guests feel relaxed and properly taken care of so they can enjoy dinner with class. Many ask to visit the famous wine cellars of this restaurant in Pampanga, some taking pictures with the most expensive wines in the Philippines.

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration. It is one of North Luzon Philippines’ top hotels that is trouble free, risk free, and a nice place to have rest in Subic. A well-recognized and interesting hotel.

Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.

Michael Caffrey, new executive chef at Yats Restaurant and Wine bar in Angles City Clark Philippines, revamped menu, fine tuning classic dishes, adjusting prices to more attractive levels, making Yats the Best Restaurant in Clark Pampanga for everyone. This fine dining restaurant in Pampanga maintains very high standards with regards to its food and service.

For comments, inquiries and reservations click on Click here for inquiry and reservations

Restaurant@Yats-International.com

(045) 599-5600
0922-870-5178
0917-520-4401

Ask for Pedro and Rechel

www. YatsRestaurant.com

Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.

Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

For any assistance in planning and organizing a wedding ceremony, indoor or outdoor garden reception or to find other wedding service providers, Click here to contact us click here

For assistance in hotel and resort bookings in Clark, Pampanga, Philippines, log on to
http://www.HotelClarkPhilippines.com

To buy wine in Manila, Pampanga, Angeles City, Clark or Subic please log on to http://www. ClarkWineCenter.com

To inquire with the highly recommended beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com

For more information about Clark, Pampanga, Philippines log on to
http://www.ClarkPhilippines.com