Photo credit: Inquirer Philippines Beijing is ready to revive the negotiations on joint oil exploration and development with Manila under the Marcos administration. Chinese Foreign Ministry Spokesperson Wang Wenbin, in a presser on Friday, said joint offshore oil and gas development is the "right way for China and the Philippines" to manage maritime...
Photo credit: Department of Public Works and Highways Work has begun for the construction of a PHP650-million vehicle underpass in GenSan, an official said Friday. Department of Public Works and Highways–Bureau of Construction (DPWH-BOC) Engr. Kay-Ar Bantayan said the undertaking will involve the tunnel connection of the Mabuhay-Bulaong Road and Dig...
Photo credit: Celsius Resources Celsius Resources is pleased to announce it has received results from 3 drill holes confirming shallow extensions to the large-scale copper mineralisation previously discovered at its Sagay Project held under its Philippine subsidiary Tambuli Mining Company, Inc. “The copper mineralisation covers a huge area at Saga...
Photo credit: CEO Magazine - PEZA Director General Charito Plaza The Philippine Economic Zone Authority (PEZA) and the Department of Environment and Natural Resources have identified at least seven new locations in Mindanao as viable lands for economic zone development. In a statement Thursday, PEZA said these lands viable for agro-industrial, agro-...
Photo credit: Department of Public Works and Highways The countdown to the long-awaited day for the full opening to vehicular traffic of the newly built iconic bridge in Loay, Bohol has come to an end. In his report to Department of Public Works and Highways (DPWH) Acting Secretary Roger G. Mercado, Undersecretary and Build Build Build Program Chief...
The Philippines has withdrawn from the Extractive Industries Transparency Initiative (EITI) on the back of questionable metrics and procedures for assessing the compliance of implementing-countries with the international organization’s transparency requirements. In a June 20, 2022 letter addressed to EITI chairman and former New Zealand prime minister ...
Photo by Roel N. Catoto Instead of increasing taxes on mining, President-elect Ferdinand “Bongbong” Marcos Jr. on Monday said he is eyeing the collection of value-added taxes (VAT) from the export of partially-processed ore. “What we would like to do is encourage that the value added [taxes] to the raw ore stay in the Philippines as much as possible...
The metals and engineering industry has contributed much to the country's recovery efforts, an official of the Department of Science and Technology (DOST) said Wednesday. "We can never disregard the contribution of the industry. We owe it to the metals industry to celebrate milestones and special accomplishments for without you, upstream industries wil...
Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) and the Japan International Cooperation Agency (JICA) held the kick-off meeting for the project set to improve Philippine coastal condition for disaster risk resiliency and infrastructure. Led by DPWH Undersecretary for Unified Project Manage...
The Asian Development Bank (ADB) has approved up to $4.3 billion to help finance the construction of nearly 55 kilometers (km) of modern suburban railway line connecting Metro Manila with the city of Calamba in the Philippines. The investment in the South Commuter Railway Project, which is part of the North–South Commuter Railway (NSCR) network, is ADB’s ...
Photo credit: Department of Public Works and Highways A new era of ties between Philippines-China relations ushered with the Chinese government providing Official Development Assistance (ODA) for the Samal Island - Davao City Connector (SIDC) Bridge Project in Davao Region. The Government of the Republic of the Philippines (GPH), through Department ...
Photo credit: Department of Public Works and Highways A new milestone was reached by the Department of Public Works and Highways (DPWH) in the Davao City Bypass Construction Project with excavation works for the 2.3-kilometer twin tube road mountain tunnel now conducted at four (4) areas north and south portals. DPWH Undersecretary and Build Build B...
Photo: Albay Governor-elect Noel Rosal said part of the agenda of his incoming administration is to look at and monitor the accomplishments in the rehabilitation of mining sites to make sure these are safe and beneficial to the surrounding communities. In an interview on Wednesday, he said once he assumes the post, the provincial government of Alba...
Photo credit: Department of Public Works and Highways After years of planning and preparation, the Department of Public Works and Highways (DPWH) has officially launched the construction of two (2) bridges aim to provide a direct route between the existing major growth center of Bongao, Tawi-Tawi Province with Sanga-Sanga Island and future growth cente...
Photo credit: Magnate Enrique Razon Jr. is buying a majority share of Dennis Uy’s Udenna Corp. in the Malampaya gas field, Razon’s infrastructure business Prime Infra Holdings Inc. said Thursday. “The acquisition process has kicked off and will close subject to the consent of various parties including the Department of Energy (DOE) and the Philippin...
Photo: South Cotabato Gov. Reynaldo Tamayo Jr. Photo from the South Cotabato provincial government Facebook page South Cotabato Governor Reynaldo Tamayo Jr. has vetoed the amended Environment Code Ordinance that sought to lift the open-pit mining ban in the province. In a press conference Friday, Tamayo said he was quite surprised that the Sanggunia...
Photo credit: Department of Public Works and Highways Department of Public Works and Highways (DPWH) Acting Secretary Roger G. Mercado is keen to make the most of his remaining few days as member of the Cabinet of President Rodrigo Roa Duterte administration. Secretary Mercado declared that although time is running out for the term of President Dute...
Photo credit: Bilyonaryo DMCI Mining Corporation recorded a 14-percent increase in first-quarter core net income from P477 million to P543 million, its highest for any given quarter. Revenues grew faster at 25 percent from P1.1 billion to P1.4 billion owing to higher nickel ore shipments and favorable foreign exchange rates. Despite the depletion...
The metallic mineral production value kicked off the year with a 36.21% or PhP12.92 billion growth from PhP35.69 billion in Q1 2021 to PhP48.61 billion in Q1 2022. Once again the bullish metal price during the period pushed the industry to this optimistic performance, coupled with the increase in the mine production of gold, silver, and copper. Among t...
Infrastructure projects are undoubtedly one of the hallmarks of the Duterte administration that will conclude in a month. The Duterte government delivered what it promised five years ago, according to the report of Department of Public Works and Highways (DPWH) acting Secretary Roger Mercado at the Duterte Legacy Summit held at the Philippine Internati...
Photo: Department of Transportation (DOTr) Secretary Art Tugade delivers his speech during the kickoff of a two-day Duterte Legacy Summit at the PICC in Pasay City on Monday (May 30, 2022). He said in a span of six years, the DOTr has completed 250 airport and aviation projects, 1,200 kilometers of completed and ongoing railway projects, 579 completed mar...
Photo credit: Department of Public Works and Highways The Department of Public Works and Highways (DPWH) is looking to finish the paving of access ramps for a new bridge in Loay, Bohol by June 7, 2022. In his report to Secretary Roger G. Mercado, Undersecretary and Build Build Build Chief Implementer Emil K. Sadain said that the construction of appr...
Photo credit: Department of Public Works and Highways The Government of the Philippines hope to secure possible new grant with the Government of the People’s Republic of China to finance a proposed iconic bridge connecting Panglao Island and mainland Tagbilaran City in Bohol Province. “We are looking forward at the approval of official development a...
Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) recently remitted P5.9 billion in government royalty to the Department of Energy (DOE), the highest in its corporate history. The first-quarter remittance is an 807-percent upsurge from the P656 million that SMPC paid during the same period last year. All...
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