The construction industry, a key contributor to the Philippine economy, generated about seven percent (7%) of the country’s gross domestic product in 2022. The recent COVID-19 pandemic affected the real estate and construction industry and caused financial burden due to additional health and safety requirements, project suspension and delays, and reduced ...

It has been a busy time for earnest discussions on the way forward for the Philippine mining industry with mining being identified as one of five priority areas for investment and clear signals from the national government that it is recognized as a key driver for economic growth. On 10 May 2024, the Department of Environment and Natural Resources (DEN...

As Orica Philippines celebrates its 55th anniversary, the company reflects on its rich history and looks forward to a future of continued innovation and sustainability. Gordon Wallace, country head for Orica Philippines, shared insights into the company's values, achievements, and plans. A Legacy of Safety and Quality Orica’s story in the Philippine...

The day Feb. 29 is a once-in-every-four-year event and happens only during the Leap Year in the Chinese calendar. This makes it a special day and an auspicious moment to pursue major goals and plans, and to celebrate the day with important people who share the same endeavors. For a most fitting occasion, Yokogawa hosted a Mining Seminar titled "Powerin...

by: Czarina Mei Laope Initiated by the Department of Environment and Natural Resources (DENR) and the Mines and Geosciences Bureau (MGB), PLASTIKarunungan is a nationwide symposium spearheaded by the Philippine Youth Association for Responsible Mining and Natural Resources (YAMAN Philippines). From Luzon to Mindanao, four organizations were enlisted to...

OceanaGold Corporation in Vancouver, Canada, announced that its wholly owned subsidiary, OceanaGold Philippines, Inc. (OGPI) has completed the initial public offering of 20% of the outstanding common shares of OGPI on the Philippine Stock Exchange (PSE). Trading began on May 13, 2024. The shares are listed under the ticker ‘OGP’. To mark PSE’s first IP...

Environment and Natural Resources Secretary Maria Antonia Yulo Loyzaga called on the mining industry to rethink, invent, and innovate the ways it develops the country’s natural resources, and must evolve to align with the principles of sustainability, stewardship and resilience. “Our nation is at a pivotal juncture where the need to balance economic gr...

President Ferdinand R. Marcos on Friday, June 21, 2024 led three (3) groundbreaking and inauguaration ceremonies along sections of of the Manila-Cavite Expressway (Cavitex) C5 Link and the Cavitex - Cavite-Laguna Expressway (CALAX) Link Project. President Marcos was joined by Department of Public Works and Highways (DPWH) Secretary Manuel M. Bonoan and...

Government officials from the Philippines and Korea convened in a coordination meeting aimed at advancing the Laguna Lakeshore Road Network (LLRN) Project – Phase I and other Infrastructure Flagship Projects (IFPs) under President Ferdinand R. Marcos Jr. administration’s “Build Better More” program. The meeting held on June 20, 2024 at Bayleaf Hotel, I...

The Department of Transportation (DOTr) on Thursday broke ground for the North-South Commuter Railway (NSCR) System’s Banlic Depot in Calamba, Laguna. During the groundbreaking ceremony, DOTr Secretary Jaime Bautista said the Banlic Depot signals the “rapid progress” of the project after its land development and other preparatory works began in 2023. ...

In observation of the celebration of 2024 Philippine Environment Month, the Mines and Geosciences Bureau (MGB) Central Office (CO) participated in a coastal cleanup for World Ocean's Day at BASECO Aplaya, Port Area, Manila on June 07, 2024. With the theme: "Awaken New Depths,” the simultaneous nationwide coastal cleanup saw the collaboration of 14,000 ...

The Light Rail Transit Line 1 (LRT-1) Cavite Extension is expected to be completed by 2031, an official of the Light Rail Manila Corporation (LRMC) said on Friday. "[For] Phase 2 and 3, [we are] meeting with the DOTr (Department of Transportation) to be able to commence the construction. We have to clarify a few points before we proceed," LRMC General ...

An inter-agency meeting will help streamline processes in obtaining small-scale mining permit, Anti-Red Tape Authority (ARTA) Secretary Ernesto Perez said Friday. In a press conference here, Perez said he has met with regional Bangko Sentral ng Pilipinas (BSP) officials and learned that only two small-scale mining organizations are selling their gold p...

Nickel Asia Corporation (NAC) has recently announced the election of two prominent figures, Jose Isidro N. Camacho and James J.K. Hung, to its Board of Directors. Jose Isidro N. Camacho has been appointed as the Chairman, succeeding Gerard H. Brimo, who retired after more than 15 years of service. James J.K. Hung joins the board as an Independent Director...

The 11th ASEAN Senior Officials Meeting on Minerals (ASOMM) Joint Working Group and Associated Meetings was held on 29 April – 3 May 2024 at The Stones Hotel- Legian Bali, Autograph Collection in Bali, Indonesia. The meeting was intended to present updates on the status of the project activities identified under Phase 2 of the ASEAN Minerals Cooperatio...

The Philippine Extractive Industries Transparency Initiative (PH-EITI) held its 90th Multi-Stakeholder Group (MSG) meeting and Mine Visit in Cauayan City, Isabela, and Kasibu, Nueva Viscaya. from May 23-25, 2024, bringing together key stakeholders from government, industry, and civil society to discuss various topics in the implementation of PH-EITI activ...

The Public-Private Partnership (PPP) Center said 134 projects worth PHP3.03 trillion are in the pipeline for undertaking between the government and private sector. Data released by the PPP Center over the weekend showed that 13 unsolicited proposals were recently added to the list of 121 approved projects revealed two weeks ago. These include the St...

The Department of Public Works and Highways (DPWH) has urged the private sector to invest in government projects. “I firmly believe to be able to implement efficiently the projects of the government, we also encourage the participation of the private sector,” DPWH Secretary Manuel Bonoan said at the Philippine Economic Briefing held at the Philippine I...

The anticipated PHP187.54-billion mega Panay-Guimaras-Negros (PGN) bridges project is set to transform regional connectivity in Western Visayas, the top official of the Department of Public Works and Highways (DPWH) in the region said on Monday. In a public briefing Tuesday, DPWH regional director engineer Sanny Boy Oropel said the feasibility study fo...

The PHP23-billion Samal Island-Davao City Connector (SIDC) project is in full swing and is expected to be completed by 2027, the Department of Public Works and Highway in Davao Region (DPWH-11) said Tuesday. During the pilot episode of the Kapihan sa Bagong Pilipinas here, DPWH-11 Director Juby Cordon said the design and build of the SIDC project alrea...

Mines and Geosciences Bureau Central Office (MGB-CO) technical personnel participated in the Palawan Stakeholders' Congress on Mining and the Environment (PSCME) held last April 24-26, 2024 in Puerto Princesa City. With the theme: "Yours, Mine, Ours," the stakeholders’ congress was organized by the Provincial Government of Palawan. The Congress brought...

The Australian ambassador to the Philippines on Friday cited five possible investment areas in the Cordillera Administrative Region (CAR). “The Southeast Asia economic strategy, with the Philippines as among the most important countries to Australia, clearly highlights the areas that we think have potential for different kinds of investments and those ...

Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported first quarter 2024 revenues of ₱589.9 million, net income attributable to shareholders of ₱10.6 million, and earnings per share (EPS) of ₱0.0021. Mining revenues were ₱586.2 million, down 47.4% from ₱1.1 billion in the prior year due to lower sellin...

Nickel Asia Corporation (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the three-month period ended March 31, 2024, with an attributable net income (net of minority interest) of P202 million, lower than the P970 million reported during the same period last year. Earnings before interest, taxes, depreciation, and amortizat...