DENR to spend P1-B to explore Philippine Rise
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The Department of Environment and Natural Resources (DENR) will spend nearly P1 billion to conduct geological investigation and exploration of minerals within the Philippine Rise, a 25-million hectare shallow continental shelf east of the main island of Luzon that could be the next big source of huge revenues for the Philippine government. Jonas Leones, a newly designated DENR spokesperson, said the DENR has allotted a separate budget for Biodiversity Management Bureau (BMB) and Mines and Geosciences Bureau (MGB) to conduct their own exploration in Philippine Rise. According to him, the budget for both agencies could reach P500 million each or likely the same amount they received in 2017.
Miraflor, M. B. (2018, February 7). DENR to spend P1-B to explore Philippine Rise. Manila Bulletin, p. B-3
Associated contentOnline version
Geological surveys; Minerals; Continental shelves; Governments; Financing; Scientific personnel; Fishing vessels; Department of Environment and Natural Resources (DENR); Biodiversity Management Bureau (BMB); Mines and Geosciences Bureau (MGB); Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR); Department of Science and Technology (DOST); Department of National Defense; Philippine Air Force; Leones, Jonas; Duterte, Rodrigo; Cimatu, Roy; Piñol, Emmanuel; Dagohoy, Francisco
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