News
COA finds irregularities in oil spill funds
ILOILO CITY – The Commission on Audit (COA) has found irregularities in the use of P10 million in taxpayers’ money to help towns on Guimaras Island that were suffering from the country’s worst oil spill.
MARINA alerts tanker operators on double hull conversion
MANILA, Philippines -- The Maritime Industry Authority (MARINA) has warned that it would cancel the licenses of oil tankers or even remove them from the Philippine registry if they fail to comply with the requirement of using double hulls by April 30.
Security Bank extending P1.8-B loan to Petrolift
MANILA, Philippines--SECURITY Bank Corp. was tapped by Petrolift Inc. to provide P1.8-billion in financing that will be used for the acquisition of double-hulled petroleum tankers and the retrofitting of the firm's existing single-hulled tankers.
Government support for fishermen sought
MANILA, Philippines – A non-government organization has asked the government to compensate fishers who will be affected by a ban on fishing activities while oil and gas exploration activities are conducted in waters off Cebu.
P20-B rehab fund for Guimaras sought
ILOILO CITY, Philippines--A militant national fisherfolk alliance has urged Congress to pass a comprehensive rehabilitation law for Guimaras Island after scientists reported a massive drop in the fish supply in the waters off the province.