A waste management firm has completed the purchase of P500 million worth of shares of Minerales Industrias Corp. (MIC), giving the listed firm fresh funds to pursue its conversion into a holding company that will process solid wastes to produce alternative fuel for manufacturing firms and waste-to-energy projects.
Shareholders of publicly listed Minerales Industrias Corp. have approved the entry of the IPM Group into the dormant firm, signaling its conversion into a holding company focused on the waste management business.
The World Bank has made available financial incentives for Philippine cities converting garbage dump sites into sanitary landfills.
US-based Quantum International is considering putting up in the Philippines 10 “plasma gasification plants” that will help address the growing volume of municipal and industrial solid wastes and the expected power supply shortage in the country.
It is not hard to imagine that every hour of every working day, a Filipino household or company uses up an ink cartridge produced by Hewlett-Packard (HP), one of the leading ink and printer brands in the Philippines.
Business tycoon Enrique Razon Jr.—who built a fortune out of international port terminal operations and boosted his wealth further after selling out of the country’s main electricity superhighway—is building a new business out of rubbish. Yes, you read it right: rubbish. Razon, apparently, agrees with the uber exploited phrase “May pera sa basura (There’s money [...]
