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+ Follow FINANCIAL AND TECHNICAL ASSISTANCE AGREEMENTS Tag
FINANCIAL AND TECHNICAL ASSISTANCE AGREEMENTS
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1388884
                    [Title] => DENR to allow expansion of mine areas
                    [Summary] => 

The Department of Environment and Natural Resources (DENR) is allowing operating mines to expand their contract areas provided that these have viable economic reserves.

[DatePublished] => 2014-11-07 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20141107/minig-area.jpg ) [1] => Array ( [ArticleID] => 1106121 [Title] => IMF study shows Phl mining fiscal regime not globally competitive [Summary] =>

A study by the International Monetary Fund (IMF) undertaken last year shows that the existing tax structure applied in the Philippine mining industry for Financial and Technical Assistance Agreements (FTAAs) “is not competitive internationally.”

[DatePublished] => 2013-08-19 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 931949 [Title] => SC asked to uphold Mining Act [Summary] =>

The Supreme Court (SC) was asked Tuesday to junk petitions to strike down Republic Act 7942 or the Philippine Mining Act of 1995 over constitutional issues that have been resolved with finality since 2004.

[DatePublished] => 2013-04-18 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1096875 [AuthorName] => Edu Punay [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [3] => Array ( [ArticleID] => 678813 [Title] => Rio Tuba operator to fight cancellation of FTA for nickel project in Palawan [Summary] =>

Canadian mining firm MBMI Resources, Inc., which operates the Rio Tuba nickel project in Palawan in partnership with Olympic Mines and Development Corp., will legally fight the recent decision of the Philippines to cancel MBMI’s Financial and Technical Assistance Agreements (FTAAs) in Palawan.

[DatePublished] => 2011-04-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 320319 [Title] => Funds flow drives gold price to 25-year highs [Summary] => Gold for immediate delivery reached as high as $575.35/oz last week. Higher inflation expectations, geo-political uncertainty, concerns of future dollar weakness, along with the talk of Central Bank buying gold for reserves and the general investor interest in commodities have pushed gold prices to its highest level in 25 years.   
[DatePublished] => 2006-02-06 00:00:00 [ColumnID] => 135252 [Focus] => 0 [AuthorID] => 1357954 [AuthorName] => Ignacio B. Gimenez [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 283960 [Title] => Market capitalization up 25% to P5T [Summary] => Total market capitalization of companies listed on the Philippine Stock Exchange (PSE) grew 25 percent in the first five months this year to P5 trillion, from P4 trillion the previous year period due to the improvement in stock prices.

Excluding the two foreign companies listed in the PSE, market capitalization jumped 46 percent to P2 trillion from P1.4 trillion. The two foreign firms – Canadian insurance giants Manulife Financial Corp. and Sun Life Financial Inc. – account for 60 percent of total market capitalization.
[DatePublished] => 2005-06-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 283833 [Title] => Stock brokers keen to revive operations at less capital [Summary] => Mark Securities Corp., owned by the Dayrit family, is seeking a reduction in the minimum paid-up capital requirement for brokers to allow it to revive its trading operations.

Aside from Mark Securities, another broker firm that announced its intention to re-enter the equities market is JP Morgan. The foreign brokerage house hopes to resume trading operations in the Philippines in July pending compliance with requirements.
[DatePublished] => 2005-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 270292 [Title] => Aussie firm seeks local partners for three mining ventures in RP [Summary] => Australian mining company Indophil Resources NL is expanding its mining activities in the Philippines and is now scouting for partners to undertake three mineral exploration projects in Camarines Norte in the Bicol Region, Leyte in the Visayas, and Central Mindanao.

"The company plans to carry on with three more exploration projects in Luzon, Visayas and Mindanao. We are currently talking with several potential investors and we expect to come out with a positive announcement in the next three weeks," said Tony W. Robbins, Indophil managing director.
[DatePublished] => 2005-03-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 240256 [Title] => Government seeks reversal of mines ruling [Summary] => The government has asked the Supreme Court to reverse a decision to severely curtail foreign investments in the local mining sector.

The court filing cited potential losses of more than $10 billion to the country after the Supreme Court last month struck down a law that allowed foreign companies to own 100 percent of mining operations.

The Philippines would lose $9.5 billion in mining revenues, $461 million in potential investments and $1 billion in taxes from mining companies along with nearly 7,500 jobs as a result of the Supreme Court decision, the filing said. [DatePublished] => 2004-02-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 239087 [Title] => Purisima urges SC to recall decision on Mining Act [Summary] => Trade and Industry Secretary Cesar V. Purisima is urging the Supreme Court (SC) to reconsider its decision to declare as unconstitutional the Financial and Technical Assistance Agreements (FTAAs) allowed under the Mining Act of 1995.

The FTAAs basically allow foreign investors to control up to 100 percent of local mining operations.

According to the SC decision, the FTAAs violates the Philippine Constitution which prohibits 100-percent foreign ownership of natural resources.
[DatePublished] => 2004-02-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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