Many offshore wind investors may end up abandoning their proposed projects as both government and private sector advocates have been intensifying calls and activities for reinforced protection of the Verde Island Passage (VIP). A highly placed source indicated that a multinational company along...
Axelum Resources Corp. (PSE: AXLM), an affiliate of Metro Pacific Agro Ventures and the country’s leading fully-integrated manufacturer and exporter of premium coconut products, posted a turnaround in the first quarter of 2024 with a net income of P106 million from a loss of P69.26 million in the...
The Senate Committee on Public Services will exert all efforts at passing the bill crrating the Department of Water Resources and Management this Congress as a means to solve the country's water crisis, Senator Grace Poe said. Poe' said Senate Bill No. 102, one of the Marcos administration's...
Camarines Sur 2nd district Rep. LRay Villafuerte (PPAB) Camarines Sur 2nd district Rep. LRay Villafuerte is urging the Department of Environment and Natural Resources (DENR) to strictly implement the Extended Producer Responsibility...
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains. According to PNOC President...
Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, has signed a multi-year supply deal initially valued about P20 billion with The Vita Coco Company, Inc., one of the world’s largest coconut water brands, on strong global...
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...
