Economy

Dive town Mabini’s marine conservation program gets support from MPIC 

MPIF PHOTO

METRO Pacific Investments Foundation (MPIF) has launched an underwater and coastal clean-up project in Mabini, a town in northern Philippines known for diving, as part of its Shore it Up! environmental flagship program.  

“As we join the rest of the world to fight for trash free seas, we also safeguard our local marine resources with SIU programs on mangrove protection and propagation, marine protected areas, and environmental awareness,” MPIF President Melody del Rosario said in a statement.   

The clean-up activities, launched in time for the Sept. 17 International Coastal Clean-up Day observance, are also in line with the local government’s renewed thrust towards marine conservation.   

“The Municipality of Mabini is grateful that MPIF, through Shore It Up!, never fails to protect areas that are hubs of diverse marine ecology and prosper through ecotourism,” Mayor Nilo M. Villanueva said.   

Mr. Villanueva has recently issued an order for the creation of three special committees that will focus on balancing environmental and socio-economic concerns for its marine resource development program.   

The clean-up project is also supported by Pascual Laboratories, Inc., the Resort Owners Association of Mabini, and Basic Environmental Systems & Technologies, Inc. (BEST), which is set to become the town’s partner in waste management.  

MPIF, the corporate social responsibility arm of Metro Pacific Investments Corp. (MPIC), said the waste collected from the clean-up will be converted into environmental points for the company.  

MPIC is one of three key Philippine units of First Pacific, the others being Philex Mining Corp. and PLDT, Inc. 

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — MSJ 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top