Aussie firm to launch $10-million oil venture in Mindanao

By Rose Palacio

The Australian oil and gas exploration firm Tap Oil Ltd. will spend about $10 million (P480 million) for the development of Service Contract (SC) 41 in Sandakan Basin in Mindanao.

Paul Underwood, the company?s managing director, said they are actively pursuing new opportunities in Southeast Asia.
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Pearson to publish Filipino author’s book on ‘technopreneurship’ and innovation in Asia

MANILA — Pearson Education Asia, through its imprint Pearson Prentice Hall, will publish Filipino author Dennis Posadas’ book on technopreneurship and innovation in Asia this June 2007.

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Rapu-rapu reopening a go-signal for more destructive mining investments — Ibon

MANILA — In the wake of the reopening of the controversial Rapu-Rapu polymetallic mine in Albay last February, the Department of Environment and Natural Resources recently announced that investments in the mining sector are expected to hit $348 million this year. But whatever benefits such investments supposedly bring would be cancelled out by the severe social and environmental costs of large-scale mining, according to independent think-tank IBON Foundation.

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New Zealand firm signs pact with Philippines on food trade

AUCKLAND, New Zealand (via PLDT) – The Philippines and the Sanitarium Health Food Company (SHFC), a leading New Zealand food manufacturer, have forged a partnership agreement intended to bolster the two-way trade of food items between the Philippines and New Zealand
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