Senator Francis Tolentino has weighed in on the alleged cutting of "payaw" or fish aggregating device by the Chinese, and says that it warrants a diplomatic protest from the Philippines. It was the Bureau of Fisheries and Aquatic Resources (BFAR) that helped install the payaw to help out...
Senator Cynthia Villar took part in the Bureau of Fisheries and Aquatic Resources' (BFAR) sendoff of Filipino fishermen to the West Philippine Sea (WPS). Ensuring the government's full support to boost fisheries catch, Senator Cynthia A. Villar joined in sending off a group of fishermen to...
The Alcantara family’s holding company Alsons Consolidated Resources, Inc. (ACR) has received a high Issuer Credit Rating rating of PRS Aa minus (corp.), with a Stable Outlook, for its P3.0 billion Commercial Paper (CPs) Program. In a statement, Philippine Rating Services Corporation...
The Office of the Ombudsman has ordered the dismissal of National Director Demosthenes R. Escoto of the Bureau of Fisheries and Aquatic Resources (BFAR) for grave misconduct over the purchases of transmitters and transceivers in 2018. The penalty of dismissal also carries with it the cancellation...
Equity acquisition in existing renewable energy (RE) projects had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) by 9.0% last year to P944 million from P863 million in 2022. The corresponding portfolio boost, according to the company, likewise shored up its...
Metro Pacific affiliate Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, reported a core net loss of P158 million for 2023 from a net income of P983 million in 2022. “The weaker-than-normal performance was mainly...
Sen. Raffy Tulfo has filed a resolution raising the issue of conflict of interest in the duties of Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga regarding her family's alleged ownership of about 40,000 hectares of land in the towns of Coron and Busuanga...
Senators stressed on Wednesday, April 3, that having a land title in a legislated protected area such as Chocolate Hills does not grant the owner absolute control regarding what should be done with it. Sen. Cynthia Villar says the regional offices of the Department of Environment and Natural...
The weakening El Niño phenomenon continues to heighten the risk of dry spells and droughts, as seen in today's scorching afternoon heat and water shortages. According to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA), the Philippines has been...
Alsons Consolidated Resources, Inc. (ACR), the flagship of the Alcantara Group, posted a 22 percent growth in net income to P2.29 billion last year from the P1.88 billion earned in 2022 on the back of growing demand for power in its core markets in Mindanao. In a disclosure to the Philippine...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
Senator Cynthia Villar on Thursday, March 14 said she is keen on filing a resolution seeking an investigation into the reported construction of illegal structures within the vicinity of the Chocolate Hills, a protected area and major tourist attraction. “The Committee on Environment...
