A resolution requesting the Mayor to authorize some members of the Sangguniang Panlungsod to follow up the status of the titling of the land at the reclamation area that belongs to the city will be filed by Councilor Homer Bais today.

The resolution is requesting that Councilors Dindo Ramos, Napoleon Cordova and Arturo Parreño be authorized to follow up and expedite the titling of the reclaimed lots owned by the city based on the memorandum of agreement executed on May 19, 2000, entered into by the Philippine Reclamation Authority, the City of Bacolod and the Bacolod Real Estate Development Corp., that was approved by the Office of the President on Sept. 15, 2000.

SMC to invest P35 billion
in power, mining projects

MANILA - Philippine food and beverage giant San Miguel Corp. plans to invest as much as P35 billion ($750 million) in power, mining and other utilities, company officials said yesterday.

San Miguel chairman Eduardo Cojuangco Jr. said the company was eyeing power generation assets and the 12-year concession for the National Transmission Corporation.

"We may go up to 10 percent of our total assets ... that's about P35 billion or $750 million," Ferdinand Constantino, chief finance officer said at the annual shareholders meeting.

4 WV towns potential abalone producers

The Bureau of Fisheries and Aquatic Resources 6 has identified four municipalities in Western Visayas with potentials to supply abalone in both local and international markets, a government press release said.

Irwin Ilaya, BFAR coastal resource management head, said these are the towns of Tobias Fornier and San Jose in Antique, Malay in Aklan and Jordan in Guimaras.

Abalone, a shell locally known as “sobra-sobra" or "kapinan," also abounds in Estancia, Concepcion and other towns in northern Iloilo, the press release said.

Ilaya said abalone stocks have been placed in designated fish sanctuaries of these municipalities early this year under the stock enhancement program. The abalone will reach its reproductive size in eight to nine months.

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