A shipment of 446 used luxury cars, sport utility vehicles, sedans and vans arrived at Port Irene here on Saturday, even as a controversy continues to rage over the legality of such importations in the face of a government ban upheld by the Supreme Court and despite a moratorium that the government has issued against their registration.
It was supposed to be a secret but the presence of Senate President Juan Ponce Enrile had to be explained.
Used-car importers in Cagayan Valley have asked Customs Commissioner Ruffy Biazon to allow the release of more than 200 second-hand cars and vans that arrived in Port Irene, Cagayan, on Monday, allegedly in defiance of a Supreme Court ruling upholding a 2001 executive order banning the importation of used vehicles into the country.
Frontier Oil Corp. plans to resume by early next year the exploration and drilling within Service Contract 52 in Cagayan, following a recent suspension of some exploration and pre-drilling activities in the field.
According to Trans-Asia Oil and Energy Development Corp., Frontier Oil has decided to temporarily suspend the Nassiping-2 acid stimulation program due to an “obstruction in the well bore that prevented conveyance of equipment to the zone of interest.”
Listed video game publisher IP E-Games Ventures Inc. plans to invest in a different kind of “gaming” as it moves to set up casino operations in the Cagayan Special Economic Zone and Freeport.
