Philippine Asian News Today Vol 19 No 4 | Page 13

February 16 - 28 , 2017
PHILIPPINE ASIAN NEWS TODAY
BUSINESS NEWS
13
PNT Foreign Exchange

$ 1.00 Cdn = P38.16 Php

$ 1.00 US = P 50.16 € 1.00 EUR = P 53.00 ₤ 1.00 GBP = P 62.43 D1.00 BHD = P 133.20

LBC ’ s Golden Top Awardee is Mayfair News Mailing and Shipping Centre , located at Unit 103- 1595 West Broadway Vancouver , BC ( Fir & West Broadway ). This downtown Vancouver location is accessible to our kababayans since it became LBC Authorized partner in January 2016 . Mayfair News is owned by Monica Wong . Monica Wong , receives the Gold Top Award from Raffy Policarpio – LBC Country Head Canada

R1.00 SAR = P 13.31 ¥ 1.00 JPY = P 0.44

LBC ’ s Silver Top Award is Real Liquidation Store , located at 3287 Kingsway , Vancouver ( Joyce and Kingsway ). Real Liquidation Store is in the heart of Filipino community in Vancouver area and has been offering air cargo services and remittance since 2014 . This LBC Authorized Partner is owned by Eduardo Marayag . Eduardo Marayag receives the award from Raffy Policarpio The Bronze Top Award is Lady Marc Filipino Store , located at Unit 117-10200 152 Street , Surrey , BC . This partner location is still owned by Eduardo Marayag who has been offering LBC air cargo and remittance services to Filipinos living in the area of Surrey , since 2014 .

DENR Chief Lopez stands by call to shut mines

Department of Environment and Natural Resources ( DENR ) Secretary Regina Lopez said on Monday she stands by her decision to shut more than half the country ’ s operating mines and bar mining in watershed zones as an inter-agency panel began a review of her actions .
Members of the government ’ s Mining Industry Coordinating Council will scrutinize the affected mines to ensure due process was followed and consider the impact on jobs and the economy after an outcry by the mining industry in the world ’ s top nickel ore supplier . The review could take three months .
The council cannot overturn her orders , but
its findings could feed into a decision by President Rodrigo Duterte , who has said he will review the planned closures after initially throwing his support behind his environment chief .
“ My stand on no mining in watersheds is staunch ,” DENR Secretary Lopez told Reuters by phone . “ It ’ s madness to do any kind of extractive industry in areas which are the source of the water supply of the island .”
Lopez on Feb . 2 ordered the closure of 23 of the Southeast Asian nation ’ s 41 mines and suspended five others for environmental violations including harming watershed areas and causing siltation in coastal
waters .
The decision angered domestic miners which said they would contest the move . A mining industry group has said the closure or suspension of 28 mines would affect 1.2 million people who depend on the sector for their livelihood .
She also ordered the cancellation of 75 mining contracts , or nearly a third of mineral production sharing agreements ( MPSAs ) for mines that have yet to go into production , for being located in watershed zones .
Lopez , who is a committed
environmentalist , cochairs the Mining Industry Coordinating Council with Finance Secretary Carlos
Dominguez . Scientific manner Senior members of the mining council met on Monday to discuss the review and to assess all aspects of affected mine operations , Finance Undersecretary Bayani Agabin said .
“ It will be investigative and done in a scientific manner . And we determined that we will probably need experts to look at the technical , economic , social aspects of the mine operations ,” Agabin told reporters . The experts would not come from mining firms , but would likely be academics , he said .
“ Even if a contract has been made , the ( Environment and Natural Resources ) secretary is
in full authority to review contracts and make decisions based on the common good ,” Lopez said .
“ The priorities I am legally mandated to comply with are in many laws .”
Duterte has previously criticized the environmental damage from mining and said last August that the country could survive without a mining industry .
Still largely unexplored , the Philippines ’ mining sector contributes less than 1 percent to the overall economy , with only 3 percent of 9 million hectares identified by the state as having high mineral reserves being mined , according to government data . ( M . Serapio , with Enrico dela Cruz , Interaksyon )
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