Barbers, chairman of the House Committee on Dangerous Drugs, said the government should lead the way in clearing legal roadblocks being faced by stalled mining firms as a result of lawsuits filed by the private sector against the operations of these once-flourishing mining assets.
He said he expects the DoF inter-agency team to clear legal impediments, fast track privatization, revive operations, and generate jobs from several non-operating government mining assets. “Maricalum Mining, Nonoc Mining, and North Davao Mining were once successful mining companies that have failed to settle their debts with government financial institutions, leading to their foreclosure and transfer of their assets and shares of stocks to the national government,” the DOF said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Keep traditional jeepneys on roads, groups demand - Manila BulletinDespite the pandemic, transport groups continued to protest the government's plan to phaseout traditional jeepneys under the Public Utility Vehicle Modernization Program (PUVMP), noting that the transport sector can be made 'more sustainable without sacrificing the welfare of workers.'
Source: manilabulletin - 🏆 25. / 51 Read more »
Militant groups challenge legality of terror law’s rules in SCMANILA, Philippines — Militant groups led by the Bagong Alyansang Makabayan (Bayan) on Monday questioned in the Supreme Court the legality of the implementing rules and regulations (IRR) for the MRamosINQ Ito ang leader Ng terror SA pilipinas
Source: inquirerdotnet - 🏆 3. / 86 Read more »
All families in Manila to receive Christmas food packs from LGU - Manila BulletinManila Mayor Francisco 'Isko Moreno' Domagoso assured that all of the 650,000 families in the capital city will receive Christmas food packs so that no one will go hungry on Christmas Day. sobrang media exposure na ultimo mga plano pa lang smh Philippine ambassador to Brazil, denounced after being spotted assaulting a domestic worker - GloboTV
Source: manilabulletin - 🏆 25. / 51 Read more »
Metro Manila mayors agree to extend GCQ - Manila BulletinDepartment of the Interior and Local Government (DILG) Secretary Eduardo Año said Monday that Metro Manila mayors agreed to extend the general community quarantine (GCQ) in the National Capital Region as COVID-19 remains a major threat. More money for them
Source: manilabulletin - 🏆 25. / 51 Read more »
Body to clear legal roadblocks in sale of gov’t mining assetsTo fast-track the planned privatization of the government’s mining assets, the Department of Finance (DOF) will spearhead an interagency initiative to clear legal impediments— pending for bendeveraINQ Chinese firms already lined up?
Source: inquirerdotnet - 🏆 3. / 86 Read more »
‘Manageable:’ Palace sees no need to probe compliance of PBA bubble with health protocolsMANILA, Philippines — Malacañang sees no need for the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases to look into the compliance of the PBA bubble after an athlete tested positive
Source: inquirerdotnet - 🏆 3. / 86 Read more »