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Before any extraction begun, it was estimated that the Alegria oil field had an oil reserve of 27.93 million barrels with a probable production recovery of 3.35 million barrels. The Alegria field is also a natural gas field hosting an estimated 9.42 billion cubic feet of natural gas. It is estimated that the reserves will last until 2037.
Visayan Electric Company, Inc., also known as Visayan Electric (formerly VECO ), is the second largest electric utility in the Philippines and serves the cities of Cebu, Mandaue, Talisay and Naga and four municipalities of the greater part of Metro Cebu - Liloan, Consolacion, Minglanilla and San Fernando. Its franchise service covers an area of ...
Poverty incidence of Ormoc 5 10 15 20 25 30 2006 25.50 2009 28.34 2012 25.69 2015 29.36 2018 22.12 2021 25.51 Source: Philippine Statistics Authority Ormoc's economic base is a mix of agriculture, aquaculture, industry, tourism, and commercial services. Sugar cane, rice and pineapple are the major agricultural production. The city enjoys economic growth because it supplies a large part of the ...
Poverty incidence of Cebu 10 20 30 40 2006 30.41 2009 26.78 2012 22.69 2015 23.86 2018 14.76 2021 22.80 Source: Philippine Statistics Authority [key needed thousands? percentages? what?] See also: Economy of the Philippines Cebu City, although independent from Cebu Province (together with Mandaue and Lapu-Lapu City), is the largest city and economic hub of the island. "Ceboom", a combination ...
Poverty incidence of Naga 10 20 30 40 2006 31.40 2009 27.10 2012 17.23 2015 21.12 2018 15.30 2021 26.02 Source: Philippine Statistics Authority Naga is home to several heavy industries, and as such, the city bills itself as the Industrial City of the South. Among the industries in Naga are the Apo Cement Corporation, the largest factory in the country, producing 4,000 metric tons (3,900 long ...
The South Road Properties (SRP), also known as the South Reclamation Project, is a 300 ha (740 acres) reclamation area in Cebu City, Philippines. The area, which is reclaimed from Mactan Channel, is located off the coast of the southern district of Cebu City, near Barangays Mambaling, Inayawan, and Pasil. It spans from the shore of mainland ...
The economy of the Province of Cebu is the 2nd largest in the Philippines according to the Philippine Statistics Authority. [ 4][ 5] In 2021, the Cebuano's combined economy peaked at P869.9 billion, making it the 2nd largest in the nation next to Laguna P922.3. [ 6][ 7] According to COA, Cebu has been currently reigning as one of the most ...
From 1987 to 2018, MMPC was the distributor of Mitsubishi Fuso commercial vehicles in the Philippines until Sojitz Fuso Philippines Corporation was established in September 2018. The company's slogan is "Drive your Ambition", which has been part of Mitsubishi Motors' global rebranding since 2018.