ISLAND GARDEN CITY OF SAMAL (Igacos), Davao del Norte (PNA) – The local government here is set to implement some P164 million worth of environmental projects that will make sure the island is able to maintain its clean environment despite the influx of tourists and establishments.
Igacos Mayor Aniano Antalan said the Environmental User’s Fee (EUF) which will be collected from all visitors going to the island is expected to raise funds for these projects from various sources.
Antalan said City Ordinance No. 156, Series of 2009, created the EUF – a sustainable revenue-generating mechanism that allows the local government to manage, develop, and protect the environment by charging fees to tourists and visitors in exchange for enjoying the area.
MANILA, Philippines – Share prices across most of Asia advanced today after a jump in US payrolls boosted confidence in the global economic recovery.
The key Philippine Stock Exchange index re-tested the 3,200 psychological resistance level on buying in select blue chips.
It even shot up by 1.1% until bouts of profit taking pared some of its gains.
