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Category: international

Apex Mining resumes Maco mine activities after Davao quakes

MANILA, Philippines — Apex Mining Co. Inc. resumed operations of its Maco mine in Davao de Oro on Wednesday. This came after a temporary closure due to recent earthquakes. The Razon Group’s listed mining company suspended Maco operations last week following an order from the provincial government. READ: Ports tycoon Razon takes over Apex Mining

Fitch: Infra graft probe may hurt local banks’ loan quality

MANILA, Philippines – The deepening probe into anomalous flood control projects could hurt the asset quality of Philippine banks, Fitch Ratings warned, as delays in public works could squeeze the cash flows of contractors and undermine their ability to pay loans. Tamma Febrian, director of the financial institutions team at Fitch, said banks with higher

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