Nido Petroleum Ltd. sold its first oil from the Tindalo oil field off Palawan. The Australian firm has sold to a buyer in South Korea some 230,000 barrels for crude oil cargo. Joanne Williams, Nido deputy managing director, said the sale was confirmed by the joint venture’s marketing agent, Trafigura Pte Ltd., with the lifting [...]

Solutions Using Renewable Energy (SURE) Eco Philippines Inc., a renewable energy company, is earmarking $90 million for its investments. SURE Eco spokesman Clarence de Guia said the funds will be used for the construction of several biogas-fed power plants. The funding will be a combination of debt and equity. De Guia said they plan to [...]

A new technology that will produce natural and eco-friendly dyes was developed by the Philippine Textile Research and Institute (PTR1) of the Department of Science and Technology (DOST).
The use of natural dyes was nearly forgotten when synthetic dyes were introduced in the market. Fortunately, many people are now becoming more and more conscious, and concern, [...]

Because of the electricity shortage brought on by a long drought, the government will ask malls to shut down to help alleviate the effect of the shortage. The government said it will be asking shopping mall, as well as some factories to consider shutting down operations for several days in order to ensure the uninterrupted [...]

Davao was to have been experiencing power shortage, but this is expected to ease up once the establishment of a new hydropower plant will be finished. The hydropower plant project, which will utilize Tamugan River, will be undertaken by the Aboitiz-owned Hedcor Inc.
The company was able to forge a compromise agreement with the Davao City [...]

The United Pulp and Paper Co. (UPPC) will be procuring a broiler that will use 100-percent biomass. The said equipment would require the company to invest an amount approximate to P 1 billion. Depending on the capacity, they would also buy a second broiler which would cost between P500 million and P1 billion, said company [...]

A Chinese company is looking to invest in the renewable energy in the Philippines. The Wahaha Group Co. Ltd. is mulling to add to its investment in the country, an ethanol plant. The company earlier announced its interest for a joint venture in a fruit juice processing plant.
Mariz Agbon, president of the Philippine Agribusiness Development [...]

The Laguna Lake Development Authority (LLDA) was awarded Asiawide Refreshments Corp. (ARC), the licensed manufacturer and distributor of RC, the blue rating award. The recognition given to the company for its successful compliance with the environmental standards set by the LLDA.
The blue rating award is a system used by LLDA to monitor the environmental performance [...]

Local banks have agreed to help raise and lend the Panay Energy Development Corp. (PEDC) P14-billion for its construction of a 164-megawatt coal-fired power plant in La Paz, Iloilo City. The Panay Energy is owned by George Ty’s Metrobank group, and the loans were arranged by First Metro Investment Corp. (FMIC), the investment banking arm [...]

The Philippine National Oil Co. (PNOC) was able to bag an exploration contract to develop the Mt. Isarog volcanic chain in Camarines Sur.  The PNOC’s $60-million Mt. Isarog geothermal project is estimated to generate 18 gigawatt-hours of electricity per year from its potential capacity of at least 20 megawatts.  It will be started in the [...]

The Philippine Business for Business for Social Progress (PBSP) recently celebrated its 39th anniversary celebrations, and in line with its anniversary, the organization welcomed into its roster of members 17 new members, which bring its total tally of corporate partners to 255.
The PBSP is one of the country’s largest umbrella organizations for corporate charity work.

In Baguio City, enterprising housewives banded themselves together and formed a group which challenged the local government to send the city’s uncollected garbage to them. A challenge which have live up, up to this day.
These women from 10 barangay in the city have doing this for decades now – they have been converting trash into [...]

Foreign companies are looking at the Philippines as possible investment target in their search raw materials for infrastructure projects. Investors from India and China want to prepare for the global economic recovery and thus are exploring the possibility of investing in the mining industry in the country.

The Kepco SPC Power Corp. (KSPC), a joint venture between Korea Electric Power Corp. and SPC Power Corp, acquired a loan from the Asian Development Bank (ADB) for the construction of a major power plant in the Visayas.
The ADB has approved the grant of $120-million 12-year term loan for the construction of a 200-megawatt (MW) [...]

And so President Gloria Macapagal-Arroyo’s trip to Copenhagen, Denmark seems to be fruitful. If the said pledges amounting to $380 million (P17.67 billion) in foreign funding for environment-related projects and programs in the Philippines would materialize.

Because of the imminent danger posed by the continuous activity of the Mayon Volcano, the provincial board of Albay placed the province under a state of calamity by noon of Thursday. This is to allow the local government to spend 5% of its budget for relief and other operational expenses in connection with the anticipated [...]

The Department of Energy (DOE) has started accepting proposals for the bidding of the nine geothermal areas offered under the latest Philippine Energy Contracting Round (PECR). At least 10 local and foreign groups have already been pre-qualified.
According to Mario Marasigan, DOE assistant secretary, they are evaluating the submitted proposals at present to verify if they [...]

The country’s oldest mining company, Benguet Corp., gets a new leash of life as it entered into a financing agreement with a Chinese company. The listed Benguet Corp. has signed a memorandum of agreement (MOA) with MinMetals International (HK) Ltd. which would allow them to resume the exploration activity at its King-king project in Pantukan, [...]

The bidding for the last set of management contracts for National Power Corp. (Napocor) assets to be auctioned off this year has been set on December 15 by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Focusing on its themes for this year involving climate change corporate social responsibility (CSR), the 21th Philippine Advertising Congress was formally opened last Thursday in simple rites led by Olongapo City Mayor Jame “Bong” Gordon and Baguio City Mayor Reinaldo A. Bautista Jr., with Fernando Zobel de Ayala as keynote speaker.