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Russian firm, FNI to construct nickel plant

Russian firm, FNI to construct nickel plant.....»»

Category: financeSource: thestandard thestandardNov 14th, 2017

Russia firm eyes building pipeline plant in Bataan

A Russian company expressed interest to the Board of Investments (BOI) to construct a pipeline coating facility in the Philippines, the Department of Trade and Industry (DTI) said on Friday, in another indiction of the country’s increasing attractiveness to foreign investors. According to Trade Secretary Ramon Lopez, Igor Shaporin, BT SVAP LLC’s chairman of the [...] The post Russia firm eyes building pipeline plant in Bataan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

GFNi inks agreement with Russian firm

GLOBAL FERRONICKEL Holdings, Inc. (GFNi) has inked an agreement with Russian firm Vi Holding LLC, whose expertise involves low-cost mineral processing. In a statement, the country’s second-largest nickel producer said the memorandum of cooperation and partnership was signed by its Chairman Joseph C. Sy and Vi Holding Chairman Valery N. Krasnov. President Rodrigo R. Duterte […] The post GFNi inks agreement with Russian firm appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 14th, 2017

Cybersecurity firm: US Senate in Russian hackers’ crosshairs

PARIS --- The same Russian government-aligned hackers who penetrated the Democratic Party have spent the past few months laying the groundwork for an espionage campaign against the U.S. Senate, a cybersecurity firm said in a report Friday. The revelation suggests the group often nicknamed Fancy Bear, whose hacking campaign scrambled the 2016 U.S. electoral contest, is still busy trying to gather the emails of America's political elite. "They're still very active --- in making preparations at least --- to influence public opinion again," said Feike Hacquebord, a security researcher at Trend Micro Inc. who authoered the report. "They are looking for information they might leak la...Keep on reading: Cybersecurity firm: US Senate in Russian hackers’ crosshairs.....»»

Category: newsSource:  inquirerRelated NewsJan 13th, 2018

Cybersecurity firm: US Senate in Russian hackers crosshairs

PARIS — The same Russian government-aligned hackers who penetrated the Democratic Party have spent the past few months laying the groundwork for an espionage.....»»

Category: newsSource:  philstarRelated NewsJan 13th, 2018

MEGA-DAM IS GOOD TO GO: NIA finally awards Jalaur contract to Korean bidder

THE National Irrigation Administration (NIA) has finally awarded the contract for the P11.2-billion Jalaur River Multipurpose Project II (JRMP II) to a qualified Korean bidder NIA-6 regional manager Gerardo Corsiga met with Gov. Arthur Defensor Sr. on Jan 10, 2018 to brief the latter on the project. Korean firm Daewoo bagged the contract to construct […] The post MEGA-DAM IS GOOD TO GO: NIA finally awards Jalaur contract to Korean bidder appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 12th, 2018

MIWD treatment plant more efficient – firm

METRO Iloilo Bulk Water Supply Corp (MIBWSC) noted an improvement in the supply of Metro Iloilo Water District (MIWD) a little over a year since it took over the water production operations. Engr. Rolex Jodieres, the general manager of MIBWSC, said that in the course of one year, the company has improved the efficiency of […] The post MIWD treatment plant more efficient – firm appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 26th, 2017

Russia firm eyes investment in Philippines

MANILA, Philippines — A Russian company is planning to put up the first pipeline coating facility in the Philippines, making the country its production hub f.....»»

Category: financeSource:  philstarRelated NewsDec 23rd, 2017

Russian cyberfirm Kaspersky appeals ban in US court

SAN FRANCISCO, USA – Embattled cyber security firm Kaspersky Lab said on Monday, December 18, that it is asking a federal court to overturn a ban on its products being used by US agencies. Allegations that Moscow-based Kaspersky, which sold more than $600 million of anti-virus software globally in 2015, knowingly or unknowingly ........»»

Category: newsSource:  rapplerRelated NewsDec 19th, 2017

Meralco Powergen taps Irish firm as O& M partner for Atimonan coal plant

MANILA, Philippines — The power generating arm of Manila Electric Co......»»

Category: financeSource:  philstarRelated NewsDec 16th, 2017

GBPC, Vivant firm up deal to put up coal power plant

MANILA, Philippines — Cebu-based Vivant Corp. and Global Business Power Corp......»»

Category: financeSource:  philstarRelated NewsDec 6th, 2017

JFC opens PHL’s biggest poultry processing plant

JOLLIBEE Foods Corp. (JFC) unveiled on Tuesday its poultry processing plant in Sto. Tomas, Batangas in partnership with US agribusiness firm Cargill. In a disclosure to the stock exchange, JFC said the facility to be operated by its joint venture vehicle company called Cargill Joy Poultry Meats Production, Inc. (C-Joy) will be the country’s largest […] The post JFC opens PHL’s biggest poultry processing plant appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 6th, 2017

Restore whole ecology not just trees, miners told

  BAGUIO CITY---Instead of rebuilding forests when a mine's life ends, mining firms should invest in restoring the whole ecology that was damaged by mining activity, a unit of Nickel Asia Corp. proposed during this year's annual mine safety and environment symposium here.   Mining firms are guided by a uniform but very broad guideline: restore or improve the disturbed mining areas to their pre-mining conditions, said Robert Francisco, environment manager of Taganito Mining Corp. (TMC).   But the mining industry complies with this requirement by focusing on "the quantity of trees that we plant or the hectares that we rehabilitate," Francisco said when he disc...Keep on reading: Restore whole ecology not just trees, miners told.....»»

Category: newsSource:  inquirerRelated NewsNov 24th, 2017

Taiwanese firm invests in green technology for mining activities

MANILA, Philippines — A Taiwan-based company has invested in the local mining industry through a patented technology for metals, particularly nickel and gold.....»»

Category: financeSource:  philstarRelated NewsNov 20th, 2017

First ocean tidal power plant rising in Samar

MANILA, Philippines — Local firm H&WB Asia Pacific (Pte Ltd.) Corp......»»

Category: financeSource:  philstarRelated NewsNov 17th, 2017

DMCI books P3.5-B construction deals

Construction firm D.M. Consunji, Inc. (DMCI) has signed construction contracts worth PHP3.5 billion in the third quarter of 2017, including the rehabilitation of La Mesa Water Treatment Plant 2 in Quezon City operated by Maynilad Water Services Inc......»»

Category: newsSource:  interaksyonRelated NewsNov 13th, 2017

Tax haven secrets of ultra-rich exposed – BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen’s private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump’s commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US. The leak, dubbed the Paradise Papers, contains 13.4m documents, mostly from one leading firm in offshore finance. BBC Panorama is part of nearly 100 media groups investigating the papers. As with last year’s Panama Papers leak, the documents were obtained by the German newspaper Süddeutsche Zeitung, which called in the International Consortium of Investigative Journalists (ICIJ) to oversee the investigation. The Guardian is also among the organisations investigating the documents. Sunday’s revelations form only a small part of a week of disclosures that will expose the tax and financial affairs of some of the hundreds of people and companies named in the data, some with strong UK connections. Many of the stories focus on how politicians, multinationals, celebrities and high-net-worth individuals use complex structures of trusts, foundations and shell companies to protect their cash from tax officials or hide their dealings behind a veil of secrecy. The Paradise Papers show that about £10m ($13m) of the Queen’s private money was invested offshore. It was put into funds in the Cayman Islands and Bermuda by the Duchy of Lancaster, which provides the Queen with an income and handles investments for her £500m private estate. There is nothing illegal in the investments and no suggestion that the Queen is avoiding tax, but questions may be asked about whether the monarch should be investing offshore. There were small investments in the rent-to-buy retailer BrightHouse, which has been accused of exploiting the poor, and the Threshers chain of off-licences, which later went bust owing £17.5m in tax and costing almost 6,000 people their jobs. The Duchy said it was not involved in decisions made by funds and there is no suggestion the Queen had any knowledge of the specific investments made on her behalf. The Duchy has in the past said it gives “ongoing consideration regarding any of its acts or omissions that could adversely impact the reputation” of the Queen, who it says takes “a keen interest” in the estate. Wilbur Ross helped stave off bankruptcy for Donald Trump in the 1990s and was later appointed commerce secretary in Mr Trump’s administration. The documents reveal Mr Ross has retained an interest in a shipping company which earns millions of dollars a year transporting oil and gas for a Russian energy firm whose shareholders include Vladimir Putin’s son-in-law and two men subject to US sanctions. It will again raise questions about the Russian connections of Donald Trump’s team. His presidency has been dogged by allegations that Russians colluded to try to influence the outcome of last year’s US election. He has called the allegations “fake news”. Democratic Senator Richard Blumenthal has called for an investigation, telling NBC News that Mr Ross had given Congress the impression he no longer held shares in the shipping company. “Our committee was misled, the American people were misled by the concealment of those companies.” Most of the data comes from a company called Appleby, a Bermuda-based legal services provider at the top end of the offshore industry, helping clients set up in overseas jurisdictions with low or zero tax rates. Its documents, and others mainly from corporate registries in Caribbean jurisdictions, were obtained by Süddeutsche Zeitung. It has not revealed the source. The media partners say the investigation is in the public interest because data leaks from the world of offshore have repeatedly exposed wrongdoing. In response to the leaks, Appleby said it was “satisfied that there is no evidence of any wrongdoing, either on the part of ourselves or our clients”, adding: “We do not tolerate illegal behaviour.” Essentially it’s about a place outside of your own nation’s regulations to which companies or individuals can reroute money, assets or profits to take advantage of lower taxes. These jurisdictions are known as tax havens to the layman, or the more stately offshore financial centres (OFCs) to the industry. They are generally stable, secretive and reliable, often small islands but not exclusively so, and can vary on how rigorously they carry out checks on wrongdoing. The UK is a big player here, not simply because so many of its overseas territories and Crown dependencies are OFCs, but many of the lawyers, accountants and bankers working in the offshore industry are in the City of London. It’s also about the mega-rich. Brooke Harrington, author of Capital Without Borders: Wealth Managers and the One Percent, says offshore finance is not for the 1% but the .001%. Assets of around $500,000 (£380,000) would just not meet the offshore fees the schemes would need, she says. Well, it is a lot of cash. The Boston Consulting Group says $10tn is held offshore. That’s about the equivalent of the gross domestic products of the UK, Japan and France – combined. It may also be a conservative estimate. Critics of offshore say it is mainly about secrecy – which opens the door to wrongdoing – and inequality. They also say the action of governments to curb it has often been slow and ineffective. Brooke Harrington says if the rich are avoiding tax, the poor pick up the bill: “There’s a minimal amount the governments need to function and they recoup what they lose from […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsNov 6th, 2017

Firm denies poisoning at Concepcion plant

PALM Concepcion Power Corp (PCPC) denied the alleged explosion or poisoning at its coal-fired power plant in Concepcion, Iloilo last Oct. 29, 2017. According to a radio report, several residents near the area complained of alleged chest pain due to the ash coming from the power plant. In a press statement, Ma. Cristina Cabalhin, PCPC […] The post Firm denies poisoning at Concepcion plant appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 3rd, 2017

Architects propose waterfronts, esplanade walks for Marawi city

An architecture firm, which has expressed an interest to help rehabilitate Marawi City, on Wednesday has laid out proposals to develop esplanade walks, parks, and construct wider roads. Source link link: Architects propose waterfronts, esplanade walks for Marawi city.....»»

Category: newsSource:  manilainformerRelated NewsOct 19th, 2017

NKorea gets second web connection via Russian firm

NKorea gets second web connection via Russian firm.....»»

Category: newsSource:  manilatimes_netRelated NewsOct 5th, 2017

ABB secures contract to optimize QPPL plant

MANILA, Philippines — Swiss firm ABB has secured the contract to optimize the operations of Quezon Power (Philippines) Ltd......»»

Category: financeSource:  philstarRelated NewsOct 4th, 2017