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Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Phinma earnings rise to P1.63 billion on higher enrolment
Diversified investor Phinma Corp. registered its best enlistment year in its education segment in 2023, helping it drive up profit to P1.63 billion with the help of expansion in other industries......»»
PHINMA, DLSU champion business as ‘force for good’ in new research center
PHINMA, DLSU champion business as ‘force for good’ in new research center.....»»
DENR move to cancel MOA on Masungi hit
Environmental group Masungi Geopark has criticized the move of Environment Secretary Maria Antonia Yulo-Loyzaga to cancel the 2017 memorandum of agreement between the Department of Environment and Natural Resources and the advocacy organization......»»
Manila court orders DFA to cancel passport of ex-NegOr Rep. Teves
A Manila court has ordered the Department of Foreign Affairs to cancel the passport of expelled Negros Oriental Rep. Arnolfo Teves Jr. who is facing multiple charges and has been declared a fugitive from justice, the Department of Justice (DOJ) confirmed on Friday. “Although the freedom to travel is guaranteed, it does not give one an unlimited.....»»
DFA ordered to cancel expelled solon Arnie Teves’ passport
In a resolution dated February 8, Manila Regional Trial Court Branch 51 ordered the Department of Foreign Affairs to cancel Teves’ passport, citing the former lawmaker’s “designation” by the Anti-Terrorism Council, which served as grounds for the revocation of his documents......»»
Basic Energy, Renova sign MOU for construction of 50MW Mabini Wind Energy Project
I reported last week on Basic Energy and its progress toward signing a memorandum of understanding with Renova Inc. to set the framework for signing an eventual Joint Development and Shareholders Agreement for the construction of the 50MW Mabini Wind Energy Project......»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
Osaka s Don Don Tei offers easy Japanese dishes in 1st Manila restaurant
Osaka's Donburi brand Don Don Tei opened its first branch in the Philippines......»»
Filinvest Development Corporation to conduct Annual Stockholders Meeting on April 26
FILINVEST DEVELOPMENT CORPORATION (“FDC” or the “Corporation”) is set to conduct its Annual Stockholders' Meeting virtually on April 26, 2024 (Friday) at 9:00 a.m......»»
Filinvest Development Corporation to conduct Annual Stockholders Meeting on April 26
FILINVEST DEVELOPMENT CORPORATION (“FDC” or the “Corporation”) is set to conduct its Annual Stockholders' Meeting virtually on April 26, 2024 (Friday) at 9:00 a.m......»»
DOE slates 3rd round of Green Energy Auction
Another round of the Green Energy Auction will be conducted this year as part of the country’s utilization of renewable energy resources and attainment of energy security and reliability, the Department of Energy said......»»
Philippines, Indonesia seek to strengthen cooperation for energy security
MANILA, Jan. 10 (Xinhua) -- The Philippines and Indonesia on Wednesday agreed to strengthen energy cooperation to safeguard energy security. Energy ministers of the two countries signed a memorandum of understanding (MOU) on energy cooperation at the presidential palace in Manila, where Indonesian President Joko Widodo was received by his Philippine counterpart Ferdinand Romualdez Marcos. Widodo arrived i.....»»
Citicore Renewable Energy IPO scheduled for May 31
Citicore Renewable Energy Corporation [CREC 3.88 pre-IPO] [link], the parent company of Citicore Energy REIT [CREIT 2.85 unch; 37% avgVol], has scheduled its IPO for May 31 after postponing its listing due to market conditions and negotiating a P5 billion stock sale of CREIT shares to the SM Investments [SM 975.00 ?0.5%; 156% avgVol] group......»»
SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t
SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»
Rama to Gwen Garcia: Don’t meddle in City’s project
Rama to Gwen Garcia: Don’t meddle in City’s project.....»»
P200B mega project will soon rise in SRP if …
CEBU CITY, Philippines – A “mega infrastructure project” worth over P200 billion is set to transform the landscape of the South Road Properties (SRP) in Cebu City. This is if a project of a private corporation that it proposed to the city government will be approved. READ: ‘Rotonda’ soon to be constructed along SRP.....»»
Dover Corporation opens career opportunities; Hiring Blitz now launched
Dover Business Services (DBS), an independent business-to-business service provider within Dover Corporation, launched a job fair dubbed “Hiring Blitz” for their expansion plans in Cebu at Seda Ayala Center Cebu on January 25 to 26, 2024. The 2-day fair offers a wide range of career opportunities, from senior leadership to data analytics and project management,.....»»
Keeping Magnolia at Bey
The theory is if the opposing imports cancel each other out, then the locals will decide the outcome of the PBA Commissioner’s Cup Finals. But what if the imports don’t perform as expected, can the locals carry the load?.....»»