In photo at the signing of the term sheet between PMC and MGMDCI were: (seated, left to right) Felicisimo A. Feria, Jose Ma. S. Lopez, and Michael L. Escaler, all representing MGMDCI; Manuel V. Pangilinan, Philex Chairman; and Eulalio B. Austin Jr., Philex President and CEO; (standing, left to right) Atty. Katrina Janine Sta. Ana, Associate, Migallos &amp...

Photo caption (left to right): SMPC Corporate Governance and Compliance Manager Joseph D. Susa, DMCI Holdings Board Advisor and SMPC Independent Director Honorio O. Reyes-Lao and SMPC SVP, Chief Risk, Compliance and Performance Officer Junalina S. Tabor. Diversified engineering conglomerate DMCI Holdings and its energy subsidiary Semirara Mining and Po...

Photo credit: DOTr The Department of Transportation (DOTr) will work closely with the contractor of the Philippine National Railways (PNR) Clark Phase 2 project to ensure that issues are addressed after its projected completion date was delayed by eight months. In a statement on Monday, the DOTr said the project, initially slated for completion in J...

Photo: The design of the new passenger terminal building of the Daniel Z. Romualdez Airport in Tacloban City. The airport will be an international airport by 2025 with ongoing and future projects lined up to improve the facility, an official of the Civil Aviation Authority of the Philippines (CAAP) here said. (Photo from FB page of Martin Romualdez) Th...

Photo credit: DOE The Department of Energy (DOE) said on Friday that it issued a notice to proceed (NTP) for the UD67-million liquefied natural gas (LNG) terminal project of Samat LNG Corp. in Barangay Sisiman in Mariveles, Bataan to supply the country's increasing power demand. The DOE said Secretary Raphael Lotilla signed the NTP in favor of Samat...

Finance Secretary Benjamin Diokno (File photo courtesy of DOF) The proposed sovereign wealth fund of the Philippines is another option to help finance the government’s infrastructure requirements, Finance Secretary Benjamin Diokno said Thursday. During the Philippine economic briefing attended by economic managers, officials of financial institution...

Photo: President Ferdinand ‘Bongbong’ Marcos Jr. meets officials of Glencore. Credit: Office of the President Facebook Page President Ferdinand R. Marcos Jr. on Wednesday met with the international chief executive officers (CEOs) to discuss potential business opportunities in the Philippines. A breakfast meeting was held between Marcos and the world...

Photo: Benguet Vice Governor Ericson Felipe on Tuesday said they are appealing to the Department of Environment and Natural Resources (DENR) to streamline the permitting process for 'Minahang Bayan' that delays the declaration of an area for community mining. The declaration is a requirement before mining associations can be issued a mining contract. (PNA...

Photo credit: Department of Foreign Affairs Facebook Page The Department of Foreign Affairs (DFA) on Thursday said it is in the process of setting the parameters which would guide future negotiations on oil and gas. In a message to reporters, the DFA disclosed that it is carefully studying the Supreme Court decision on the Joint Marine Seismic Under...

Photo: Senator Sherwin Gatchalian Senator Sherwin Gatchalian emphasized on Friday that the possibility of a joint oil exploration between China and the Philippines in the West Philippine Sea (WPS) would only materialize if the east Asian country recognizes the Philippine Constitution. "Our Constitution should be the enabling document, and that's our...

President Ferdinand R. Marcos Jr. (center) presses the button to launch the Metro Manila Subway Project's tunnel boring machine in Barangay Ugong, Valenzuela City on Monday (Jan. 9, 2023). It marks the start of the construction of the tunnels for the PHP488-billion Metro Manila subway, which will span 33 kilometers across seven cities from Valenzuela City...

Photo credit: Celsius Resources Makilala Mining Company, Inc. (MMCI), a subsidiary of Celsius Resources Limited, has received interim Certificates of Approval from the Regional Mines and Geosciences Bureau (MGB) for two vital program documents: the Five-Year Social Development and Management Program (SDMP) and the Care and Maintenance Program (CMP) for...

Photo credit: Celsius Resources Makilala Mining Company, Inc. (MMCI) and PDEP, Inc., two wholly owned Philippine subsidiaries, have entered into a partnership with Sodor Inc. and PMR Holding Corp. to develop the MCB Project. The partnership will be formalized through the signing of a binding agreement. The two companies have also signed a Non-Binding T...

The infrastructure program of the administration of President Ferdinand R. Marcos Jr. got a boost following the signing of six bilateral agreements and one project implementation between the Philippines and China on Wednesday. Finance Secretary Benjamin Diokno, who signed the agreements and completion documents on behalf of the Philippine government, s...

Chinese President Xi Jinping and President Ferdinand R. Marcos Jr. (File photo courtesy of Bongbong Marcos Facebook page) The Philippine and Chinese governments have agreed to resume talks on oil and gas exploration in the South China Sea at an "early date" following the bilateral summit between President Ferdinand R. Marcos Jr. and Chinese President X...

The aerial view of the San Juanico Bridge that connects the islands of Leyte and Samar. The proposed second San Juanico Bridge has gained support from the Japan International Cooperation Agency (JICA) as one of the priority projects in the region, an official of the National Economic Development Authority said on Tuesday (Jan. 3, 2023). (Photo courtesy of...