إظهار الرسائل ذات التسميات BusinessWorld. إظهار كافة الرسائل
إظهار الرسائل ذات التسميات BusinessWorld. إظهار كافة الرسائل
Surigao tricycle drivers harnessed as tourism promoters
By Vanessa L Almeda SURIGAO CITY — At least 1,500 drivers of tricycles — the city’s main public transport — have been trained as tourism promoters, an official said. “A tourist uses a plane, a ship, a boat or a jeep in order to reach a resort or a tourist spot. In our city, …
LGUs to get less in NG tax share, Dinagat Islands' budget still pending
LOCAL GOVERNMENT units (LGUs) will have to share a smaller pool of money next year as their internal revenue allotment (IRA) shrank slightly, according to the Department of Budget and Management (DBM).
A total of P273.31 billion is earmarked for the 2012 IRA, which is the s…
Mining firm project reserves seen worth $22B
THE COUNTRY’S biggest miner, Philex Mining Corp. yesterday said its Silangan project in the province of Surigao del Norte is estimated to contain copper and gold reserves worth at least $22 billion, with exploration works in the adjacent mine expected to enhance the project…
Mining firm cries foul over gov't suspension of Surigao operation
PACIFIC NICKEL Philippines, Inc. (PNPI), a subsidiary of Philnico Industrial Corp. on Wednesday expressed disappointment over the government's sudden move to suspend its operations in a mineral reservation in Surigao del Norte countering claims of the government that it…
Boulevard nightcafe fails to meet expectations but city officials say it is still 'too early'
Barely six months since it opened, this city’s night cafe has failed to meet expectations.
Pacifico E. Dolon, Jr., the city treasurer’s office division chief, said since it opened last November, the city earned a total of only P122,800 after the number of tenants dropped dr…
Rising water of Lake Mainit in Caraga: boon or bane?
During the rainy season from November to March, the water level of Lake Mainit rises by at least one meter. When typhoons hit, the lake, which is shared by Agusan del Norte and Surigao del Norte in the Caraga Region, goes up as high as three meters, a team from the Mindanao…
Firm makes first nickel ore shipment from Dinagat Island
ORIENTAL VISION Mining Philippines Corp., an associate of publicly listed NiHao Minerals International Corp., completed its first shipment of nickel ore last Aug. 9, the firm said in a statement yesterday. The miner sold approximately 54,000 wet metric tons of nickel ore wit…
A touch of tabon-tabon, a taste of tapul
They call it pidjanga, a very thin, very flat pancake consisting of fish -- tiny, newly hatched fingerlings of freshwater white goby (or bi-ya in Tagalog), salted, dried in clumps on banana leaves and dipped in boiling hot oil for five seconds to get that delicate crispines…
Test case on new high court rule for environment issues filed in Surigao City
Surigao City - An environmental case was filed here Tuesday, June 22 under new rules approved by the Supreme Court that took effect last April. The Anislagan Bantay Kalikasan Task Force (ABAKATAF), aided by the Legal Rights Center-Kasama sa Kalikasan (LRC-KsK), filed an inju…
Phoenix-based mining firm interested in Siana, Mainit project
ONE OF the world’s largest miners, the Phoenix, Arizona-based Freeport-McMoRan Copper & Gold, Inc., has expressed interest to invest as much as $5 billion in a mining project in either Kalinga or Surigao del Norte, a Mines and Geosciences Bureau (MGB) official said. “Fre…
Siargao Airport upgrade incomplete
An airport improvement project in Siargao Island has been inspected by President Gloria Macapagal-Arroyo but the incomplete facility failed to undergo flight tests. Eyed to be opened before the Arroyo administration exits on June 30, the P152-million Sayak airport upgrade is…
Nickel miner listed in Canada raises $2M to fund exploration
CANADIAN miner MBMI Resources, Inc. has tapped the debt market anew to raise funds for nickel exploration projects in the Philippines. MBMI Resources told the Canadian bourse it had raised $2 million via private placement. “The net proceeds shall be used for exploration and …
Miner may build processing plant following finds at nickel mines in Surigao del Norte
Exploration by Canadian miner Mindoro Resources, Ltd. indicates an estimated nickel resource of 50 million-70 million dry metric tons (MT) at a nickel property in Surigao del Norte. This, along with nickel resources in the nearby Agata nickel project also in Surigao del Nort…
Miner gets 25-year concession over state limestone asset
Listed Century Peak Metals Holdings Corp. has won a 25-year contract for a limestone project in Central Visayas, the miner told the stock exchange yesterday. Century Peak said a Notice of Award from the state-run Philippine Mining Development Corp. (PMDC) was given to subsid…
Mindanao tourism body calls for new packages
The newly formed Mindanao Tourism Council is concerned over the dearth of new travel packages offered by Mindanao tour operators that could attract travelers even from within the island. Dindo T. Ilagan, council chairman, said new attractions are needed with the global econo…
Five more coal contracts to be awarded tomorrow
THE DEPARTMENT of Energy (DoE) will award five more coal contracts tomorrow in addition to the 11 which were previously awarded. "These are the areas that had multiple proponents or applicants, so we just had to be very careful in evaluating the application," DoE U…
Siargao airport rehab project nears completion
The Siargao airport in Surigao del Norte is nearing completion after failing to open in the first quarter of this year, the Transportation and Communications department said. The P197-million airport rehabilitation project included the runway’s extension to accommodate bigge…
Canadian Miner gets funding
CANADIAN MINER MBMI Resources, Inc. has secured a $200,000 loan from a European bank to fund its nickel exploration projects in southern Luzon and eastern Visayas. The amount, which bears an annual interest rate of 10%, is the third and final tranche of the total $3-million …
Miner seeks loan
Canada’s MBMI Resources, Inc. is aiming to obtain the second tranche of its $3-million secured loan from a European bank to fund nickel exploration projects, the miner told the Canadian bourse late last week. “Up to $1.8 million will be advanced to MBMI in the form of a secu…
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