An official of the Department of Transportation (DOTr) on Tuesday said the Metro Manila Subway Project has reached 60 percent completion rate on procurement. “Metro Manila Subway is 33 kilometers (km) from Valenzuela all the way to the Ninoy Aquino International Airport (NAIA), around 17 stations. We expect to provide daily ridership from 400,000 to as...
Photo: The government will review other funding options for several major railway projects that were proposed to be financed by China. Finance Secretary Benjamin Diokno said the Japanese government, the World Bank, and the Asian Infrastructure Investment Bank are among the options to finance the projects. (PNA file photo) The government will review fun...
Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) completed the first half of the year 2022 with a reported net income of Php2 billion compared to the net income of Php1.935 billion for the same period in 2021. The improvement in the bottom line is attributed to the considerable increase in grades and metal prices during the first hal...
Photo credit: Provincial Government of Ilocos Norte logo Ilocos Norte is set to recognize the public and the private sector’s initiatives and exemplary achievements in promoting responsible mining. Provincial administrator Yvette Convento-Leynes confirmed this on Monday as she reported that the awarding of outstanding partners is set on July 27 in t...
The Department of Public Works and Highways (DPWH) is inching closer to delivering the entire 30-kilometer Central Luzon Link Expressway (CLLEX) Project which is 96 percent overall complete to date. In his report to Secretary Manuel M. Bonoan, DPWH Undersecretary for Unified Project Management Office (UPMO) Operations Emil K. Sadain said that the first...
Photo credit: Senator Robinhood Padilla filed a resolution, urging President Ferdinand Marcos Jr. to resume bilateral talks for cooperation on oil-gas development in the West Philippine Sea. Padilla said on Thursday Senate Resolution 9 aims to address the problems caused by the rising prices of oil due to international circumstances like the Russia...
Photo Integrated energy company Semirara Mining and Power Corporation (SMPC) won four awards in the 12th Institutional Investor Corporate Awards 2022 of Hong Kong-based Alpha Southeast Asia magazine. Based on a poll of over 500 investors and analysts across Southeast Asia, as well as United States and Europe, SMPC emerged as one of the eight best-ma...
The Department of Environment and Natural Resources (DENR) welcomed the nomination of Ma. Antonia “Toni” Yulo-Loyzaga as its new secretary under the administration of President Ferdinand “Bongbong” Marcos Jr. DENR OIC Secretary Ernesto D. Adobo Jr. expressed optimism over Yulo-Loyzaga’s nomination, as he envisions a more climate-resilient Philippines u...
Photo credit: build.gov.ph China on Sunday said it is “negotiating” with the Philippines over the funding of some infrastructure projects after a Philippine transport official bared that these were deemed “withdrawn” due to Beijing’s inaction on funding requests by the previous administration. The Chinese Embassy issued the clarification after Trans...
President Ferdinand Marcos Jr. wants more investments in the rail transport sector as he directed the Department of Transportation (DOTr) to go back to the negotiating table to secure the loan agreements for three big-ticket railway projects, the agency said on Saturday. “The President was referring to the Subic-Clark Railway Project; the Philippine Na...
The loan agreements for three railway projects are now considered “withdrawn” after the Chinese government failed to act on the funding requests by the Duterte administration, an official of the Department of Transportation (DOTr) said Friday. DOTr Undersecretary for Railways Cesar Chavez said negotiations for the three projects began in 2018 and have ...
That is how, Dr. Rogel A. Santos, the OIC-Chief of the Marine Geological Survey Division (MGSD) of the Mines and Geosciences Bureau (MGB) recounted the seminar-workshop that was held on June 6-8, 2022 at Subic Bay Travelers Hotel in Subic Bay, Zambales. The seminar-workshop: “Application of Marine Geophysics and Ecosystem Studies on the Development of Gui...
Photo credit: CNN Philippines - Toni Yulo-Loyzaga Press Secretary Trixie Cruz-Angeles on Tuesday announced the nomination of Ma. Antonia “Toni” Yulo-Loyzaga as secretary of the Department of Environment and Natural Resources. “The President has nominated Ms. Ma. Antonia “Toni” Yulo-Loyzaga as Secretary of the Environment and Natural Resources. Her n...
Photo credit: Celsius Resources Celsius Resources is pleased to announce that the Philippine Mines and Geosciences Bureau (MGB) has granted a six month extension to the exploration permit for the Sagay Copper-Gold Project, extending the permit term up to February 2024. The Sagay Project is held under Celsius’ Philippine subsidiary Tambuli Mining Com...
Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) is exploring the opportunity to tap financing and technical support from World Bank for its proposed Infrastructure Development Plan for Greater Metropolitan Sulu. In his report to Secretary Manuel M. Bonoan, Undersecretary for Unified Projec...
Photo credit: Department of Public Works and Highways It is all systems go for the design and build of Samal Island-Davao City Connector Project of the Department of Public Works and Highways (DPWH). A launching ceremony of the bridge project to be funded by Official Development Assistance (ODA) from People's Republic of China (PRC) was held Wednesd...
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