Mining firms seek immediate cleanup of Laguna de Bay

The Chamber of Mines of the Philippines has called for the immediate rehabilitation of Laguna de Bay, the largest freshwater lake in the country, due to its deteriorating water quality and pollution.

The Laguna Lake, a major source of domestic water supply for Metro Manilla and the third largest in Southeast Asia, is in jeopardy as it faces a host of problems including pollution from untreated sewage and industrial waste, overfishing and illegal reclamation.

COMP chairman Mike Toledo said he had met with Environment Secretary Toni Yulo Loyzaga to reiterate the mining firms’ commitment to stamp out illegal miners and to discuss the worsening condition of the Laguna de Bay.

“Good meet with DENR Sec Toni. Reiterated the commitment of the Chamber of Mines to help weed out the illegal miners and that the industry will continue to uphold the best natural resource extraction processes and benefits derived therefrom accrue to the local communities and the national government,” Toledo said.

“We also discussed the situation in Laguna de Bay. We submitted a briefer. The pollution in the bay must be abated soonest,” he added.

Toledo said there would be more meetings with the Department of Environment and Natural Resources to address problems hounding the industry and Laguna Lake.

Profit of Yap-led CEU clobbered by pandemic restrictions

Centro Escolar University (CEU), controlled by he heirs of the late Don Emilio Yap, saw a 23 percent decline in net income during its fiscal year ending May this year to P119.05 million due to the deferral of revenues and recognition of contract liabilities.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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