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...
Banyan Tree, globally renowned for its commitment to luxury and sustainability, is set to make a grand entrance in the Philippines with the upcoming ultra-luxury development, Banyan Tree Manila Bay. Nest Seekers International, a global luxury New York-based real estate firm, continues to introduce...
TUBOD, Lanao del Norte – The people of Lanao del Norte thanked President Ferdinand R. Marcos Jr. for opening the Panguil Bay Bridge connecting this town to Tangub City in Misamis Occidental on Friday, September 27. PRESIDENT Ferdinand R. Marcos Jr. opens the Panguil Bay Bridge that connects the...
MV Palawan is apprehended by Philippine Coast Guard ship BRP Palawan (FPB-2401) in the vicinity of Manila Bay on Sept. 26, 2024 while carrying alleged smuggled disel fuel. (Photo: PCG) A motor vessel allegedly engaged in fuel pilferage or “paihi” system was apprehended by the Philippine Coast...
