The office in the Davao Region of the Mines and Geosciences Bureau collected P16.4 million in revenues last year, with excise tax accounting for nearly three-fourths of the total take, an official statement read.
The Mines bureau received a little more than P12 million in excise taxes, with Apex Mining Co. Inc. as the biggest contributor with its gold and silver extraction in Compostela Valley, followed by Holcim Philippines, Inc. which extracts limestone for its cement plant in Davao City.
The Philippines raised 100 billion yen ($1.1 billion) selling Samurai bonds, completing its 2010 overseas debt plan within two months, as failed peso auctions make it harder to fund a mounting deficit.
The National Grid Corp. of the Philippines (NGCP) maintained and increased its slash of power supply to the power distribution grid as the water levels in Lake Lanao and Pulangi Dam hover at their critical low levels.
Milfrance Capulong, regional corporate communications officer of NGCP, said the extent of load curtailment would depend on the load capacity of the power utility or electric cooperative.
THE Department of Trade and Industry (DTI) provincial office in Davao Oriental reported that market matching and linkage activities in 2009 generated high sales valued at P12.117 million, higher by 431 percent as compared to previous year’s P2.811 million only.
