The construction of the PHP4.58 billion Tacloban causeway project that will provide a shorter route from the city’s downtown to the airport has begun with bigger funding this year, the Department of Public Works and Highways (DPWH) 8 (Eastern Visayas) here reported Thursday. DPWH-8 Director Edgar Tabacon said the project has an accomplishment rate of 4...

The Department of Finance (DOF) said it is pushing for a simplified mining fiscal regime. In a statement on Wednesday, the DOF said the revised proposal for the Rationalization of the Mining Fiscal Regime proposes to impose a four-tier, margin-based royalty ranging from 1.5 percent to 5 percent on income from mining operations outside of mineral reserv...

Australian-based global financial services firm Macquarie Group Ltd. has expressed interest in investing in renewable energy, value-added mining, and digitalization efforts in the Philippines, Malacañang said Tuesday. The commitment was made during President Ferdinand R. Marcos Jr.’s meeting with Macquarie Group executives on the sidelines of his parti...

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, announced the completion of its financial results for FY2023. The Company added Php98 million core net income in 4Q2023 to the Php865 million core net income for the first nine months ended September 30, 2023, which registered the full year core net in...

Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, signed a Deed of Accession for additional US$70 million with Additional Lenders who syndicated the credit facility, in simple ceremonies in Makati City. Present during the signing of the ...

Integrated energy company Semirara Mining and Power Corporation (SMPC) posted P27.9 billion in consolidated net income in 2023, a 30-percent drop from P39.9 billion the previous year but still the second highest in its history. All-time high coal shipments and record electricity sales softened the impact of weaker selling prices for both coal and elect...

The Department of Energy (DOE) launched on Monday eight predetermined areas (PDAs) for exploration, development, and production of indigenous energy sources across the country. Four of these are in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), three of which are for petroleum and one for coal. DOE Undersecretary Alessandro Sales, duri...

The Manila Electric Company (Meralco) has expressed its support to the government’s 2032 nuclear power target by installing 1,200 megawatts capacity using small modular reactor technologies. Meralco executive vice president and chief operating officer Ronnie Aperocho said in an interview early this week that the company aims to usher this target of the...

Listed upstream oil and gas company PXP Energy Corp. remains interested in exploration activities for new sources of energy in the country. “PXP will assess and study other projects in the Philippines,” it disclosed to the Philippine Stocks Exchange on Thursday. It said the company and its subsidiary, Forum Energy Ltd., would continue to coordinate ...

Sustained construction on the next phase of the Pasig River Urban Development Project would interconnect the showcase area at the back of the Manila Central Post Office with the walled city of Intramuros. The 500-meter showcase area of the Pasig River rehabilitation project, dubbed the “Pasig Bigyan Buhay Muli” (PBBM), was completed on Jan. 17 with the...

The Public-Private Partnership (PPP) Center currently has 117 projects worth PHP2.5 trillion in the pipeline for undertaking between the government and private sector. "This is as of February 2. Particularly, we have a bulk of the projects still in the transportation sector because we are doing a lot of catching up," PPP Center Executive Director Cynth...

Stronger bilateral relations between the Government of the Philippines and the Republic of Korea will be instrumental in turning the infrastructure vision for “Bagong Pilipinas” into reality. By supporting infrastructure development, from roads and bridges to flood control structures, the Republic of Korea thru the Korea Export-Import Bank (KEXIM) cont...

The Department of Public Works and Highways (DPWH) launched a pioneering technology transfer program in South Korea to revolutionize the construction of bridges connecting land and sea such as the proposed 32.47-kilometer Panay-Guimaras-Negros Island Bridges (PGN) Project, an Infrastructure Flagship Project (IFP) under the “Build Better More” Program with...

San Miguel Corporation’s (SMC) infrastructure arm officially opened the new access ramp of the NAIA Expressway (NAIAx) at Tramo in Pasay City which is expected to ease traffic in the area and provide seamless access to the country’s main international gateway and other areas. Speaking at its ceremonial opening on Friday, SMC president and chief executi...

Professional organizations dedicated to advancing the field of civil engineering in the Philippines and South Korea have engaged in international collaboration to promote knowledge sharing and technical perspectives in civil engineering. Department of Public Works and Highways (DPWH) Senior Undersecretary and Philippine Institute of Civil Engineers (PI...

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