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Low copper prices bring down Atlas Mining income by 65%

Earnings of Atlas Consolidated Mining and Development Corp. plunged by 65 percent to P1.12 billion in 2023 from P3.22 billion in 2022 due to lower global copper prices and payment of loans......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

‘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......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

‘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......»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 10th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsFeb 8th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsFeb 8th, 2024

Catholic church, communities launch anti-mining prayer assembly in Samar Island

Catholic church, communities launch anti-mining prayer assembly in Samar Island.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

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.....»»

Category: newsSource:  sunstarRelated NewsJan 22nd, 2024

Groups laud Sagay SP’s decision to reject Tambuli mining project

Groups laud Sagay SP’s decision to reject Tambuli mining project.....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Floorball takes center stage as Philippines hosts men s Asia-Oceania qualifiers

The fast-paced and fast-growing sport of floorball will be in full display when the Philippines hosts the Men’s Floorball Championships Asia-Oceania Qualifiers from May 21-25 at the PhilSports Arena in Pasig City......»»

Category: sportsSource:  philstarRelated NewsMay 14th, 2024

Philex to fast–track Silangan mine operations

Pangilinan-led Philex Mining Corp is exploring all possible logistical options to fast-track the commercial operations of its Silangan gold and copper mine ahead of the fourth quarter 2025 target......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

Military must evolve fast – Gibo

The Armed Forces of the Philippines must evolve fast and “try to focus on actual soldiering” because of threats to a “free and open” Asia-Pacific region, Defense Secretary Gilbert Teodoro Jr. said on Friday......»»

Category: newsSource:  philstarRelated NewsMay 11th, 2024

Orange Brutus unveils new summer favorites

The summer season is at an all-time high, and Orange Brutus‘ new releases promises to make things sizzle even more. For more than four decades, Orange Brutus has satisfied the Cebuano palate with their novel take on fast food: home cooked but served fast and hot. And now the beloved restaurant is ready to prove.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2024

Subway sponsoring war - Ukraine

The US fast-food giant has provoked Kiev's ire for continuing operations in Russia   The US-based multinational fast-food franchise Subway has been added to Kiev's list of "international sponsors of war" for continuing to operate and pay taxes in Russia, Ukraine's National Corruption Prevention Agency (.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

Where have all the nurses gone?

I could write about the country’s female tycoons who have grown their fathers’ businesses to dizzying heights, including Tessie Sy-Coson, Helen Yuchengco-Dee, Robina Gokongwei and Josephine Gotianun-Yap; or I could write about the Dumaliang sisters who staunchly defend that piece of paradise known as Masungi Georeserve; or I could write about our Filipina athletes waving the flag around the globe......»»

Category: newsSource:  philstarRelated NewsMar 9th, 2024

Iranian directors say they are ‘forbidden’ to join Berlin Film Festival premiere

'We are forbidden from joining you and watching a movie on the silver screen that is about love, about life, and also about freedom, a lost treasure in our country," the directors said in a statement after being barred by Iranian authorities.....»»

Category: newsSource:  rapplerRelated NewsFeb 17th, 2024

Delivery drivers urge Mayor Baste for business permit exemption

Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024