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More luxury cars arrive in Cagayan despite ban

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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.

Posted: February 23rd, 2013 in Latest Business Stories | Read More »

Cagayan airport building hangars for jet-setting Asians

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It was supposed to be a secret but the presence of Senate President Juan Ponce Enrile had to be explained.

Posted: February 21st, 2013 in Headlines | Read More »

Importers seek release of ‘hot’ cars in Port Irene

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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.

Posted: February 17th, 2013 in Headlines | Read More »

Cagayan gas exploration to resume next year

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.”

Posted: December 6th, 2012 in Headlines | Read More »

IP E-Games eyes casino in Cagayan free port

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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.

Posted: June 29th, 2012 in Headlines | Read More »

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