Veteran move: Gloria Arroyo’s Energy chief Popo Lotilla to head DOE under Marcos

Raphael Perpetuo Lotilla is set to return as Energy Secretary under the Marcos administration, Malacañang announced Monday (July 11).

Lotilla led the Department of Energy from 2005 to 2007 when Gloria Macapagal Arroyo was President. He also served as president and CEO of the Power Sector Assets and Liabilities Management Corporation or PSALM.

An abogado, Lotilla also served as an undersecretary at the National Economic and Development Authority, was an adviser to the Senate and the Senate Committee on Foreign Relations, and contributed to the Legislative-Executive Development Advisory Council. His key reform bill is the Electric Power Industry Reform Act of 2001, which privatized the entire supply chain of the power sector.

Lotilla was also a professor at the University of the Philippines and the Asian Institute of Management.

The Palace announced Lotilla’s appointment a few minutes after Bilyonaryo reported he was on the shortlist of candidates.

Read more: Will Popo Lotilla make a return to DOE? Aboitiz Power director added to Marcos’ list of Energy Secretary nominees

US sanctions crypto ‘laundering’ service Tornado

The United States placed sanctions Monday on Tornado Cash, a leading “crypto mixer” for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.