JAMES KONSTANTIN GALVEZ, TMT

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For his contribution to agricultural and rural development in the country, the University of the Philippines Los Baños-College of Economics and Management (UP-CEM) awarded Dr. Gil Saguiguit Jr., director of the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca), as “Outstanding Alumnus.” During its 35th Foundation…

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Except for minor road slides, Philex Mining Corp. on Tuesday said that the Padcal mine in Benguet is “doing well” amid heavy rains brought about by Tropical Storm Maring. “I am pleased to inform you that Padcal starts to experience good weather after four days of strong rains. No water…

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Ayala-led Manila Water Co. Inc. on Tuesday said that its Singapore unit has signed an investment agreement for the acquisition of over 30 percent stake of Saigon Water Infrastructure Corp. (SII). In a disclosure to the Philippine Stock Exchange, Manila Water said that its wholly- owned subsidiary Manila Water South…

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Sugar group Roxas Holdings Inc. (RHI) on Tuesday said that its net income dropped by almost a fourth for the first nine months of operations, because of start-up problems in its alcohol operations and lower sales of the sweetener. In a disclosure to the Philippine Stock Exchange, RHI said that…

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The Mines and Geosciences Bureau (MGB) expects no major changes in the development plan timetable for the $5.9-billion Tampakan copper-gold project, despite earlier announcement by Sagittarius Mines Inc. (SMI) that it would scale down operations amid regulatory impasse. “We are still evaluating the revised work program submitted to us. It…

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The Bureau of Fisheries and Aquatic Resources (BFAR) on Tuesday said that water quality in four oil spill-affected coastal areas in Cavite were within the normal range for fish to survive. Citing results of the 3rd day sampling, BFAR Director Asis Perez said that the by Region 4A’s Fish Health…

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Sagittarius Mines Inc. (SMI) on Tuesday reaffirmed its commitment to work with all stakeholders to realize the potential of the $5.9-billion Tampakan copper-gold project, following announcement that it would scale down operations in the concession area. “The current drive will focus all efforts and reallocate resources to determine an appropriate…

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Listed miner Lepanto Consolidated Mining Co. on Tuesday reported a massive net loss in the first half of the year as a result of lower gold prices and a stronger peso. In a disclosure to the Philippine Stock Exchange, Lepanto said that its net loss in January to June 2013…

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Washington-based export market development organization US Wheat Associates (USW) stood pat on its statement saying that Turkish government policies encourage flour dumping in the Philippines, a justification for the imposition of an anti-dumping duty against Turkish flour. “The Turkish government employs a complex, inward processing scheme that creates disruptive incentives…

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The Department of Environment and Natural Resources (DENR)-Region 12 has directed field officials to look into the reported encroachment by certain groups of areas covered by Certificates of Stewardship Contracts (CSC) issued by the DENR under its Integrated Social Forestry Program (ISFP). DENR-Region 12 Director Datu Tungko Saikol issued the…

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