SMI, RCBC don’t have loan program for landowners in Tampakan project

  • 📰 mindanewsdotcom
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 68%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

MindaNews fact-checked a Facebook post that claims that Sagittarius Mines, Inc. (SMI) and the Rizal Commercial Banking Corp. (RCBC) have agreed to extend

MindaNews fact-checked a Facebook post that claims that Sagittarius Mines, Inc. and the Rizal Commercial Banking Corp. have agreed to extend loans to landowners affected by the controversial Tampakan project. The post is fake.

SMI has belied the two-month old fake post that can still be accessed on Facebook as of Wednesday, May 8. and RCBC are offering a loan program.) Based on a company study, the Tampakan project has the potential to yield an average of 375,000 metric tons of copper and 360,000 ounces of gold in concentrate annually throughout the 17-year life of the mine.

As independent journalists, our primordial duty is to tell the truth and present facts to help the public discern issues and concerns impacting their lives.– if the claim is based on truth but maliciously twisted that gives a different impression to serve a group or individual’s vested interests.

Prior to the PFCI project, MindaNews co-founded Tsek.ph, a collaboration among Philippine media institutions to fight disinformation and misinformation during the 2019. Tsek.ph did the same thing for the 2022 elections. MindaNews has sustained its operation through proceeds from subscriptions of its news service and sales of books. It also receives grants from non-state actors. Editorial prerogative, however, is left entirely to MindaNews.

We abide by the Philippine Press Institute’s Journalist’s Code of Ethics. Since we became part of Internews’ Philippine Fact-Checker Incubator project, we have been striving to adhere with the IFCN Code of Principles, in step with our organization’s commitment to non-partisanship, transparency and fairness.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CREC gets P20-b RCBC loan for solar projectsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »