Benguet Corporation, a mining firm controlled by the Romualdez family, reported that the Red Earth Mineral Resources Corporation is infusing P440 million into the company through a subscription of new shares. In a disclosure to the Philippine Stock Exchange, Benguet said its Board of Directors had...
Senator Manuel “Lito” Lapid has called on the Senate to expedite the passage of the bill seeking to establish a Department of Water Resources—a centralized agency that would implement a comprehensive framework for water management. In his speech at the 30th PWWA International...
The Department of Environment and Natural Resources’ (DENR) Mines and Geosciences Bureau (MGB) is preparing a draft Executive Order (EO) to submit to Malacañang that aims to address outdated provisions in existing laws that hinder the development of mining operations in the country. On the...
The Department of Energy (DOE) and the Department of Natural Resources (DENR) have partnered to speed up the exploration, utilization, and development of offshore wind projects. In a statement, the DOE said the two agencies entered into a memorandum of agreement (MOA) that allows access...
Axelum Resources Corporation, a coconut products manufacturer and exporter, is conducting a share buy-back program worth an initial P500 million over the next six months. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors has authorized the share buy-back program...
More than 23,000 volunteers from various organizations and communities across the country recently attended this year’s International Coastal Clean-Up (ICC), an annual event organized by SM in collaboration with the Department of Environment and Natural Resources (DENR), Local Government...
The plenary hall of the House of Representatives (Dexter Barro II/MANILA BULLETIN) The House of Representatives on Thursday, Sept. 19, deferred the plenary deliberation on the proposed P27.1-billion budget of the Department of Environment and Natural...
A whopping investment of $3 billion (approximately P165 billion) will be injected by Danish firm Copenhagen Offshore Partners (COP) for the first 1,000 megawatts San Miguel Bay offshore wind project in Camarines Sur that it is targeting to bring on commercial stream by 2028. On prevailing rule of...
The National Economic and Development Authority (NEDA) board approved the Philippine Civil Service Modernization (PCSM) project to upgrade government agencies’ human resource information systems. During its 20th meeting on Wednesday, the NEDA board, chaired by President Ferdinand R. Marcos Jr.,...
Hopes are raised for prospective discovery of new oil and gas resources in the country as well as for trailblazing native hydrogen ventures, with the eight qualified offers cornered by the Department of Energy (DOE) during an auction round concluded this week. In a statement to the media, the...
Senate President Pro Tempore Jinggoy Estrada has condemned China's latest use of flares, calling it irresponsible and dangerously provocative. A view of the flares launched by China from Zamora (Subi) Reef against a Bureau of Fisheries and Aquatic Resources (BFAR) Cessna 208B Grand Caravan aircraft...
With the scheduled submission of applications by Aug. 27, the Department of Energy (DOE) has raised hopes that it can corner acceptable tenders for offered hydrogen investments as well as upstream petroleum ventures, especially in the pioneering auction round for the Bangsamoro Autonomous Region in...
