Photo credit: Abogado The Board of Directors of Philex Mining Corporation recently announced that the Company generated a quarter of lower but positive results. Philex recorded a Core Net Income of Php210 million for the quarter, from P716 million of same period in 3Q2021, mainly due to lower copper prices, ameliorated with favorable foreign exchange r...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) is full speed ahead in the on-going 2.3-kilometer mountain road tunnel at the central portion of Davao City Bypass Construction Project aimed at improving mobility between Davao City and Panabo City. In his briefing to DPWH Secretary Manuel M...

Photo credit: Department of public works and highways Civil works have finally commenced for the much-awaited iconic bridge project that will connect the Island Garden City of Samal (IGaCoS) and Davao City in Southern Mindanao. President Ferdinand Romualdez Marcos Jr., together with Vice President Sara Z. Duterte, People’s Republic of China Ambassad...

Photo credit: DENR   The Department of Environment and Natural Resources (DENR) has partnered with the Department of Labor and Employment (DOLE) to create new job opportunities in the country, particularly in the environment sector. The partnership was formalized with the signing of a memorandum of agreement (MOA) between Environment Secretary Ma...

Photo credit: Atlas Consolidated Mining and Development Corporation Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) completed the third quarter of the year 2022 with a reported net income of Php3.069 billion compared to the net income of Php3.477 billion for same period in 2021. Stable production in the three quarters sustained t...

Photo credit: Department of Energy Cagayan de Oro City 2nd District Rep. Rufus Rodriguez on Wednesday urged the Department of Energy (DOE) to immediately allow exploration activities for its service contractor in Recto Bank for it to fulfill its contract obligations. “We understand that Forum Energy is raring to explore Recto Bank for gas and oil. W...

President Ferdinand R. Marcos inspects the rehabilitated Ormoc Airport after gracing the city’s 75th Charter Day anniversary in Leyte on Thursday (Oct. 20, 2022). Marcos expressed optimism that the development of the airport will bring more progress not only to the city but also the Eastern Visayas. (Photo from the Office of the President's official Faceb...

Bulacan Governor Daniel Fernando announces the temporary lifting of the suspension of mining and quarry operations in the province, during his meeting with the truckers association and those involved in the mining sector on Thursday (Oct. 20, 2022). He lifted the suspension as he released the new Implementing Rules and Regulations based on the environment...

Photo credit: Senate of the Philippines Senator Win Gatchalian has filed a Senate resolution seeking to establish the oil and gas potential in the West Philippine Sea (WPS) to address the country’s import dependence for its energy requirements. The Senate inquiry is to push exploration, development, and utilization of such oil and gas reserves towar...

Photo: Nido Petroleum Company Logo Some USD72 million worth of investments are expected in the two drilling activities of Nido Petroleum Philippines Pty. Ltd. in northwest Palawan, an official of the Department of Energy (DOE) said Wednesday. In a virtual press conference, DOE Undersecretary Alessandro Sales said Nido aims to spend USD16 million eac...

Photo credit: Darren M Green / Shutterstock The Department of Environment and Natural Resources (DENR) is looking at the mining sector as one of the sources of the country's economic recovery as per the directive of President Ferdinand Marcos Jr. During a budget hearing of the Senate Committee on Finance on Tuesday, Secretary Toni Loyzaga said DENR ...

The Department of Environment and Natural Resources (DENR) spent the first 100 days under the new administration of President Ferdinand “Bongbong” Marcos Jr. pursuing sustainable management and development of the environment while creating "green" jobs and ensuring investments and revenue for the government. In an accomplishment report dated Sept. 29, ...

Photo credit: Department of Transportation  Full-scale construction of the North-South Commuter Railway (NSCR) project is set to begin by February next year, an official of the Department of Transportation (DOTr) said Monday. In a Laging Handa briefing, DOTr Undersecretary Timothy John Batan said the NSCR is the country’s largest railway project to ...

Photo credit: Department of Public Works and Highways The Department of Public Works and Highways (DPWH) now undertakes the conduct of land survey and geotechnical investigation using boring machine with the government finally proceeding with the detailed engineering design activities for the civil works construction of long-awaited Samal Island – Dava...

Photo credit: Department of Public Works and Highways Major Japanese expressway players visited the Davao City Bypass Road Construction Project in southern Philippines in line with the cooperation program between the Department of Public Works and Highways (DPWH) and Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to share the we...

Photo credit: Department of Public Works and Highways The Philippines’ Department of Public Works and Highways (DPWH) has fostered greater collaboration with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for tunnel engineering and road infrastructure development. A Memorandum of Cooperation (MOC) was formally signed Tuesday,...

Photo credit:  Construction activities continued to rise in the first quarter of the year but at a slower pace, the Philippine Statistics Authority (PSA) reported Thursday. The number of approved building permits from January to March increased by 1.8 percent to 37,270 from 36,621 approved construction permits in the same period last year. These ...

The Department of Energy (DOE) has approved the acquisition deal between Prime Infrastructure Capital, Inc. and Shell Philippines Exploration B.V. (SPEX) on the latter’s 45-percent stake in the Malampaya Service Contract (SC) 38. This, after the DOE completed the review of the transaction in accordance with Presidential Decree 87 and Department Circula...

Photo credit: Philippine News Agency President Ferdinand “Bongbong” Marcos Jr. on Monday said his administration is eyeing to pursue “grander” and “more ambitious” infrastructure projects to create jobs, improve connectivity, and provide convenience to Filipino commuters. Marcos made this remark during the groundbreaking rites for the construction o...

Photo: President Ferdinand "Bongbong" Marcos Jr. (2nd from left) and Transportation Secretary Jaime Bautista (2nd from right) lead the groundbreaking of the Ortigas and Shaw Boulevard stations of the Metro Manila Subway Project on Monday (Oct. 3, 2022). During the event, Bautista said the project is expected to create over 18,000 jobs during its construct...

Photo Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in nickel ore mining, logistics, cement and steel production, and port operations, on Friday signed the definitive agreement giving it a pivotal 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN) through the purchase of shares in GHGC Hol...

Premier contractor D.M. Consunji, Inc. (DMCI) is set to build its first subway project after its joint venture with Nishimatsu Construction Co., Ltd.(NCC) of Japan received the Notice of Award for the Quezon Avenue and East Avenue underground stations and tunnels for the Metro Manila Subway Project (Contract Package 102). “We are very excited to be par...

Photo: Ceremonial turn-over of DMPF requirements to the Mines and Geosciences Bureau-Cordillera Administrative Region (MGB-CAR). In photo, left to right: MMCI Monitoring and Evaluation Supervisor Anne Zee Luz Laguerder; CLA Executive Director and MMCI Country Operations Director Peter Hume; MGB-CAR Regional Director Fay W. Apil; MGB Mine Management Divisi...

Photo credit: Reurasia The Department of Energy (DOE) reported it awarded a total of 998 renewable energy (RE) contracts as of June 2022, with investments amounting to PHP270.8 billion. In a statement Wednesday, DOE said the RE contracts have a total installed capacity of 5,460.59 megawatts and a potential capacity of 61,613.81 MW. The biggest in...