The Bureau of Customs (BOC), the country's second-largest revenue collection agency, has entered into an agreement with the Subic Bay Metropolitan Authority (SBMA), granting it rent-free use of facilities within the Subic Bay Freeport Zone for the next 25 years. In a statement released Friday,...
Sands Residences, Roxas Boulevard, Manila (Artist’s perspective) Homebuyers are now a step closer to experiencing bayside living with the completion of the structural building of SM Development Corporation’s Sands Residences. In the photo from left: William Que, CEO and president, Moondragon...
Grande Island and Chiquita Island in Subic Bay (Courtesy of Google Earth) Two islands in Subic Bay are being considered as military reservations by the national government, according to the Philippine Navy (PN). Portions of the Grande Island and Chiquita Island, located at the southern entrance of...
The Department of National Defense (DND) is eyeing the declaration of the Grande Island as a military reservation following the arrest of six foreigners and their alleged two Filipino cohorts over suspicions of espionage on Wednesday, March 19. DND Assistant Secretary Arsenio Andolong said the...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. still owes Bloomberry Resorts Corp. of Enrique K. Razon Jr. ₱301 million from the ₱1-billion deposit made for the cancelled investment in shelved casino projects in Cebu and Clark. In a disclosure to the Philippine Stock Exchange,...
Zamora-led Nickel Asia Corporation (NAC) is planning to divest its stake in Coral Bay Nickel Corporation (CBNC), one of the world’s largest producers of nickel and cobalt, in favor of strategic partner Sumitomo Metal Mining Co., Ltd (SMM). In a disclosure to the Philippine Stock Exchange (PSE),...
Extreme weather events battered developing countries this year despite their small contribution to climate change. The Philippines faced six successive storms in just a month which were intensified by climate crisis, the World Weather Attribution said. Top climate polluters still haven’t...
BRP Sindangan (MRRV-4407) trains her hose to MV Hynz 31 which caught fire in Manila Bay on Dec. 19, 2024. (Photo: PCG) An investigation was launched by the Philippine Coast Guard (PCG) to determine the cause of the fire that razed a dredger while in the vicinity waters of Manila Bay on Thursday,...
Davao tycoon Dennis A. Uy may have found a new partner in the Yuchengco Group's construction affiliate, EEI Corporation, for the development of his Emerald Bay Resort and Casino Project in Mactan, Cebu. In a disclosure to the Philippine Stock Exchange (PSE), Emerald Bay owners PH Resorts Group...
The Department of Public Works and Highways (DPWH) has commenced emergency asphalt restoration on the Panguil Bay Bridge in Northern Mindanao to address pavement damage caused by overloaded trucks and heavy rainfall. DPWH Unified Project Management Office – Roads Management Cluster 2 (UPMO-RMC 2)...
PH Resorts Group Holdings Inc., the hotel and casino business unit of Davao tycoon Dennis A. Uy, continues to hold “strategic investor discussions with several parties” for partnerships in, or acquisition of, its integrated resorts while raising funds to meet its obligations. In a disclosure to...
Megawide Construction Corp. was slapped with a P1.3-billion arbitration claim by HT Land Inc. in relation to the construction of the P10-billion second phase of the Mandani Bay Quay development in Mandaue City, Cebu. In a regulatory filing on Thursday, Nov. 4, Megawide said it received a request...
