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San Miguel [SMC 101.40, down 1.6%] [link] clarified a report that it planned to scrap its P100 billion Pasig River tollway project, saying that it “contemplates not to proceed with [the project]”, and that it is “evaluating the financial and technical viability of the construction of [the project]”. SMC said that this is in response to the “prevailing sentiment expressed by the public on the Project”.
MANILA, Philippines — Aside from the controversies surrounding the construction of a resort at the Chocolate Hills in Bohol, several business establishments have reportedly sprouted in the protected area of Mt. Apo in Davao, according to Sen. Raffy Tulfo.
Mr. President, dear colleagues, I rise on a point of personal and collective privilege. I rise to bring to your attention a disturbing contractual award entered into for the 2025 National and Local elections.
Good day. Here are the stories for The Manila Times for Tuesday, March 19, 2024.
In the wake of growing concerns over the construction of resorts within the Chocolate Hills, a UNESCO Heritage Geopark in Bohol, Senator Christopher "Bong" Go, on Friday, March 15, emphasized the importance of sustainable tourism development and strict compliance with environmental laws to protect particularly natural heritage sites.
MANILA, Philippines — The Department of Environment and Natural Resources (DENR) said it is studying whether the controversial Captain’s Peak Resort located within the vicinity of the Chocolate Hills should be allowed to operate once it complied with the necessary documents.
DoubleDragon [DD 8.13, down 0.6%] [link], the property developer owned by Injap Sia and Tony Caktiong, announced that it has already broken ground on its 680-room Hotel101-Madrid and signed a contract for the hotel’s construction with Ferrovial Construction. Full-scale construction is scheduled to begin in April of this year, and be fully completed by Q4/25 which is “just in time” for a massive tourism event, the Madrid F1 Grand Prix. The press release said that when it is completed, the Hotel101-Madrid will be “one of the top 5 largest hotels in Madrid”.
MANILA, Philippines — The manager of the viral resort situated in the vicinity of Bohol's Chocolate Hills admitted an Environmental Compliance Certificate (ECC) was not obtained for the resort's construction, but claimed it did not damage the famous landmark.