Philippine president signs long-awaited mining EO

Manila (Philippine Daily Inquirer/ANN) - Philippine President Benigno Aquino III has signed the executive order (EO) detailing the government¿s much-awaited policy on mining, the Philippine Palace announced Saturday.

Presidential spokesperson Edwin Lacierda said Executive Secretary Paquito Ochoa Jr. would release the EO on Monday.

He said Environment Secretary Ramon Paje would discuss the details of the mining policy before the media in a Palace briefing on that day.

¿The decision is so that there would be no qualms as regards this EO because many waited for this and this has long been anticipated by business, especially the mining industry and by environmentalists," Lacierda said at yesterday¿s Palace news briefing.

The revelation that President Aquino had signed the EO came two weeks after he was supposed to have signed it as he himself announced in an interview in Davao City.

Aquino had indicated a preference for increasing the government¿s share in the revenue from the mining industry.

The new mining policy is expected to increase government earnings from the lucrative industry which has seen a high demand for mineral resources. It is also expected to exclude more areas from mining to protect the environment.

The Philippine Palace had previously explained the delay in issuing the policy due to some fine-tuning that the president wanted.

¿We have been advised that there are minor revisions to be done," Undersecretary Abigail Valte had said in a Palace briefing more than two weeks ago.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Fight vs online libel goes to the UNHCR Ederic Eder, Yahoo! Southeast Asia - The Inbox
    Fight vs online libel goes to the UNHCR

    Commentary By Ellen T. Tordesillas Last Tuesday, while in Baguio City for their summer session, the Supreme Court denied all the Motions for Reconsideration on Online Libel which it upheld in its Feb. 18, 2014 decision. It will be recalled … Continue reading → …

  • Book chronicles efforts for PWD-friendly polls VERA Files - The Inbox
    Book chronicles efforts for PWD-friendly polls

    By Melissa Luz Lopez, VERA Files A lot have been done but much still need to be done for a hassle-free  participation of  Persons with Disabilities in elections,according to a book published by The Asia Foundation (TAF) and supported by … Continue reading → …

  • The other side of Palawan Ellen Tordesillas, Contributor - The Inbox
    The other side of Palawan

    By Ellen T. Tordesillas Mention Palawan and what comes to mind are Underground River and El Nido in the northern side of this richly-blessed province from its capital, Puerto Princesa. Three weeks ago, we went to the southern side- in … Continue reading → …

POLL
Loading...
Poll Choice Options