ON March 18, 2024, San Miguel Corp. s (SMC) Ramon Ang announced that the company would no longer be pursuing the Pasig River Expressway (Parex) project, a six-lane elevated expressway that was to be constructed above the river along nearly its entire length. Ang said the decision was in response to many negative public comments.
Officials said the reduction in workforce will have two phases, with the first phase scheduled for May 1, 2024, and the second phase for Sept. 1, 2024.
Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) reports that with testing completed, it has abandoned the Chirimoya exploration well at VIM-43 (100%