Photo credit: Department of Public Works and Highways  The Department of Public Works and Highways (DPWH) is working with the Asian Development Bank (ADB) on a goal of achieving sustainable infrastructure development in the Philippines. DPWH Acting Secretary Roger "Oging" Mercado said that talks with ADB Country Director for the Philippines Mr. Kell...

Photo credit: Department of Public Works and Highways The Department of Public Works and Highways (DPWH) is ramping up efforts to improve the transport logistics and mitigate vehicular traffic congestion in Davao City with the construction of a 2.3 kilometer two (2)-tube mountain tunnel. A symbolic blast on Friday, November 19, 2021 officially start...

Isla Norte Energy Corporation (INEC) inaugurates its first power plant in Bantayan Island on Nov.10, 2021. The diesel-powered plant has a total capacity of 23.3 megawatts. (Photo courtesy of INEC) The Isla Norte Energy Corp. (INEC) inaugurated Wednesday the 23.3-megawatt (MW) diesel power plant in Bantayan Island, Cebu, providing additional power suppl...

Photo credit: PhilStar The Philippines' proposed National Renewable Energy Program (NREP) 2020-2040 is setting a target of 35 percent share of renewable energy (RE) in the power generation mix by 2030 and 50 percent share by 2040. This was bared by Director Mylene C. Capongcol, OIC of the Department of Energy’s (DOE) Renewable Energy Management Bure...

The pre-construction works for the Metro Manila Subway Project (MMSP) at Camp Aguinaldo have officially begun on Thursday through a groundbreaking ceremony. During the event, Department of Transportation Assistant Secretary Fidel Igmedio Cruz Jr. said the ceremony marked the beginning of the construction of 192 housing units, repair and rehabilitation ...

The Weir Group has agreed to acquire Motion Metrics, a leading Canada-based global mining technology business, for an initial consideration of £89m1 payable in cash upon completion, subject to customary net debt and working capital adjustments. Motion Metrics is the market leading developer of innovative Artificial Intelligence (AI) and 3D rugged Machi...

Ritchie Bros. will conduct its largest auction of the year in Japan, selling more than 200+ vehicles, equipment items and trucks at its site in Narita on November 24-25. The Japan National IronPlanet Auction is set to be the largest of the year, with more inventory to be added daily. Day one of the auction (November 24) dedicated to over 140 passenger veh...

The Philippines and New Zealand will continue to explore cooperation on geothermal energy. This as Department of Energy (DOE) Secretary Alfonso Cusi and New Zealand Ambassador to the Philippines Peter Kell signed the Second Amendment to the Arrangement on Geothermal Energy Cooperation between the two countries on Friday. Cusi said this renewed inter...

Photo credit: Nickel Asia Corporation Facebook Page Nickel Asia Corporation recently announced its unaudited financial and operating results for the nine-month period ended September 30, 2021 with an attributable net income (net of minority interests) of P6.17 billion, 168% higher compared to the P2.30 billion achieved in the same period last year. Ear...

Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) reported net income of Php3.48 billion for the three quarters of 2021 compared to the net income of Php490 million for the same period in 2020. Higher metal prices and the stable production in the three quarters sustained the improvement in net income. Me...

Photo credit: Department of Public Works and Highways Construction of the 3.169 kilometer Panguil Bay Bridge Project in Northern Mindanao is moving ahead, with bored piles for the piers and abutments halfway done. In his report to the Department of Public Works and Highways (DPWH) Acting Secretary Roger "Oging" Mercado, Undersecretary for Unified Pr...

Photo credit: Cebu Cordova Link Expressway Corp The Cebu-Cordova Link Expressway (CCLEX) is the island’s new pride as it changes the landscape of the country’s main economic powerhouse in the south, Governor Gwendolyn Garcia said on Friday. “Thank you for believing in Cebu and continuing to believe despite the challenges of the pandemic,” Garcia tol...

Despite the challenges posed by the Covid-19 pandemic, production and favorable metal prices for gold and copper have been sustained since 1Q2021. As a result, the Management and the Board of Directors of Philex Mining Corporation recently announced that the Company generated another quarter of positive results. Philex recorded a Core Net Income of Php716...

Photo credit: Oceanagold OceanaGold Corporation reported its financial and operational results for the quarter ended September 30, 2021. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company’s website. Scott Sullivan, Chief Operating Officer & Acting CEO of OceanaGold said, “I am...

The government of Republic of Korea is ready to extend financial support in the conduct of engineering services for the much-awaited inter-island bridges project of the Department of Public Works and Highways (DPWH) in Western Visayas. DPWH Acting Secretary Roger G. Mercado said that moving forward soon following the completion of supplemental feasibil...

Photo credit: Blazinfiremax Department of Transportation (DOTr) Secretary Arthur Tugade on Thursday said improvements in Cebu’s premier airport will play a big role in boosting the tourism economy in the province. Tugade, who led the inauguration of the six-story Mactan-Cebu International Airport’s (MCIA) new corporate building, said the completion ...