Following its announcement of the results of its 18-month study of the money flow between government and the extractive industries, in which the participant oil, gas and metallic mining companies were credited with contributing P35.2 billion to Philippine revenues, the Philippine Extractive Industries Transparency Initiative (PH-EITI) now adjusts its announced figures to P52.7 billion.
Read MoreOn September 26-27, 2013, the Extractive Industries Transparency Initiative (EITI) International Secretariat and the World Bank, with technical support from the Revenue Watch Institute, held the Conference on the Adoption of the 2013 EITI Standard at the Crowne Plaza, Manila.
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