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DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
‘Mining should be part of government priority projects’
The government should include mining in its investment priority projects and extend more fiscal incentives to further attract investments in the sector, according to the Chamber of Mines of the Philippines......»»
‘Suspend all mining ops’: Groups demanding accountability for Masara landslide
SEVERAL progressive groups gathered at Roxas Avenue in Davao City on February 20, 2024, aiming to hold a prominent mining company accountable for a significant landslide incident in Masara, Municipality of Maco, Davao de Oro......»»
Death toll in Davao de Oro landslide climbs to 27 after burying mining workers
More casualties are being tallied by government officials following a deadly landslide that occused in Maco, Davao de Oro that buried two buses carrying workers of Apex Mining Co., Inc......»»
Philippines rescues 45 survivors in landslide, search continues
MANILA, Feb. 7 (Xinhua) -- Rescuers in the Philippines have recovered 45 survivors from a landslide on Tuesday that buried estimated 86 persons in a mining town in Davao de Oro province in the southern Philippines, a military spokesperson said Wednesday. Rosa Ma. Cristina Rosete-Manuel, spokesperson for the military's Eastern Command, said that 41 more employees of a mining firm in the area are still unaccounted.....»»
At least 5 killed in landslide in southern Philippines
MANILA, Feb. 7 (Xinhua) -- At least five people were killed and 31 others injured due to a landslide on Tuesday that buried two buses and houses in a mining town in southern Philippines, local authorities said on Wednesday. The landslide took place on Tuesday night near a mining site in Maco town of Davao de Oro province, a local disaster agency said. The passenger buses were ferrying workers from the min.....»»
Catholic church, communities launch anti-mining prayer assembly in Samar Island
Catholic church, communities launch anti-mining prayer assembly in Samar Island.....»»
Local youth back local gov’t decision to deny mining entry in Sagay
Local youth back local gov’t decision to deny mining entry in Sagay.....»»
Groups laud Sagay SP’s decision to reject Tambuli mining project
Groups laud Sagay SP’s decision to reject Tambuli mining project.....»»
Climate talk: Marcos s contradictory policies on reclamation, energy, mining
AS ALL eyes are on the COP28 conference in Dubai, reports in the country continue to highlight climate change and environmental concerns; in the process exposing the Marcos administration's policy directions on climate issues as inconsistent, even contradictory.Timely reports on reclamation, energy, and mining flag the problems that persist. Media coverage reveal that the Marcos administration's policy direction.....»»
Climate talk: Marcos s contradictory policies on reclamation, energy, mining
AS ALL eyes are on the COP28 conference in Dubai, reports in the country continue to highlight climate change and environmental concerns; in the process exposing the Marcos administration's policy directions on climate issues as inconsistent, even contradictory.Timely reports on reclamation, energy, and mining flag the problems that persist. Media coverage reveal that the Marcos administration's policy direction.....»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»
DMCI keen on entry into cement business
The Consunji Group is looking to pursue its entry into the cement business with the acquisition of Cemex Holdings Philippines (CHP)......»»
DMCI eyes entry into cement business
The Consunji Group is looking to diversify into a new industries, with the cement business among those being considered through a potential acquisition of Cemex Holdings Philippines......»»
Maynilad considering a $300-M pre-IPO investment round before it goes public in 2025
Bloomberg is reporting that Maynilad Water Services, the “West Zone” water concessionaire owned by Metro Pacific Investments and DMCI, is “considering” raising a US $300 million (~P16.9 billion) “funding round” before it goes public on the PSE in 2025......»»
Of senators and bilyonaryos
The buzz among some of the country’s billionaires these days is how Senator Raffy Tulfo called out tycoon Isidro “Sid” Consunji, chairman and CEO of DMCI Holdings Inc., for supposedly dozing off during a Senate hearing last week......»»
DMCI Holdings cautiously optimistic for 2024
The Consunji Group is taking a cautiously optimistic outlook for this year......»»
Lower output cuts Philex profit
Pangilinan-led Philex Mining Corp. saw its 2023 core net income decline to P963 million year-on-year due to lower output and elevated operating costs and expenses......»»
PLDT takes out P4 billion green loan for expansion
Telco leader PLDT Inc. has doubled down on its strategy to acquire sustainable loans as it took out P4 billion in green financing from Metropolitan Bank and Trust Co. to fund its network expansion......»»
Energy policy failure
The Department of Energy has revealed that the total capacity of power plants in forced outages has more than doubled over the past two weeks compared to the average 700 MW recorded over the last four years. Of course. What would they expect after officials of the DOE, past and present, did nothing about the inconvenient reality that 50 percent of our operating power plants are over 20 years old and are losing their reliability......»»