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...
PASACAO, Camarines Sur – The Bureau of Fisheries and Aquatic Resources (BFAR)-Bicol is preparing for the possible impact to the fishing sector in the region of the El Niño phenomenon. BFAR-Bicol Director Ariel Pioquinto told the Manila Bulletin that they have been working with the Disaster Risk...
Sponsor-firms of offshore wind farm projects will have to prepare for a tedious process of securing two-tiered environmental compliance certificates (ECCs) from the Department of Environment and Natural Resources (DENR) – and that shall comprise of an interim ECC during pre-development phase;...
The Philippines' rich marine resources and expansive coastlines make it an ideal environment for a thriving seafood industry. While one might expect the country to excel in seafood production and exports, recent research has revealed concerning challenges that are jeopardizing the local fishing...
