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Saturday, October 21, 2017 Vol. 13 No. 10
2016 EJAP JOURNALISM AWARDS
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HIGHER TAXES, NEW REGULATIONS STARE MINERS IN THE FACE
IN THE EYE OF THE ‘POLICY STORM’ By Jovee Marie N. Dela Cruz
LTHOUGH it is now in a period of relative calm with the removal of “nemesis” Regina Paz Lopez as secretary of the Department of Environment and Natural Resources (DENR), the mining industry should still be bracing itself, as another “policy storm” is forthcoming. Or perhaps, the miners are just in the eye of this storm.
The House of Representatives, wanting to ensure the country and its people will be the first to reap the benefits presented by the Philippines’ rich mineral resources while promoting environmental protection, is now seriously considering a proposal requiring miners to secure a legislative franchise from Congress before they can operate. The House Committee on Legislative Franchises chaired by Rep. Franz Alvarez of Palawan and
$1.4T
The estimated value of PHL’s mineral resources, enabling the country to land on the top 5 list of most mineralized countries in the world
House Committee on Natural Resources headed by Rep. Arnel Ty of LPGMA have recently created a technical working group (TWG) that will further study House Bill (HB) 6259, which requires legislative franchise for mining operations in the country. “A TWG was made to further tackle the bill. With the creation of a TWG we will be able to hear several resource persons and members of the House Committee Continued on A2
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Rising from the rubbles: Assessing the cost of rebuilding postwar Marawi
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By Rene Acosta
ROM the use of guns, tanks, battle planes, drones and bombs, military engineers and government planners now shift to the use of pens, papers and calculators, as they attempt to come up with the exact monetary figure of the damage and rough sketches on how much it would take to rehabilitate Marawi City. “We can now begin the next phase, which is damage assessment, which is already part of rehabilitation and reconstruction,” declared Armed Forces Chief of Staff Gen. Eduardo Año after President Duterte pronounced the symbolic “liberation” of Marawi from the Islamic State (IS)-Maute group this week. The declaration was made following the killings of Isnilon Hapilon and Omar Maute, top leaders of the nearly five-month illegal drugs and terrorist-
spawned rebellion—as claimed by Duterte—that almost wiped out a key city in Mindanao. The assessment will be carried out, as the government continues to hunt the remnants of the ISMaute group, which, according to Año, included at least eight Malaysian and Indonesian jihadists, in a small area near Lake Lanao in the devastated city. “The small number of the remaining enemy can now be considered a law-enforcement matter and Continued on A2
PESO EXCHANGE RATES n US 51.4630
ARMORED personnel carriers are positioned near the bullet-riddled “I Love Marawi” landmark sign at the “main battle area” where pro-Islamic group militants are making a final stand amid a massive military offensive of Marawi City on October 19, 2017. Two days after President Duterte declared the liberation of the city, the military announced the killing of more suspected militants in the continuing military offensive. AP/BULLIT MARQUEZ
n JAPAN 0.4574 n UK 67.7305 n HK 6.5976 n CHINA 7.7774 n SINGAPORE 37.9409 n AUSTRALIA 40.5477 n EU 61.0042 n SAUDI ARABIA 13.7227
Source: BSP (20 October 2017 )