Must Read
RESORT. Expansion of luxury establishment Siargao Bleu Resort and Spa, located in a protected area, as seen through satellite imagery.RESORT. Expansion of luxury establishment Siargao Bleu Resort and Spa, located in a protected area, as seen through satellite imagery.
PRA to probe reclamation in Matugas’ Siargao luxury resort
MANILA, Philippines – The Philippine Reclamation Authority (PRA) will investigate Siargao Bleu Resort and Spa in General Luna, Surigao del Norte, following a Rappler report on coastal reclamation in the luxury resort.
The PRA told Rappler in an email Tuesday, January 6, that as per their records, “no permit, clearance, and/or letter of no objection was issued regarding any reclamation project and related monitoring efforts regarding the alleged coastal reclamation undertaken by Siargao Bleu Resort and Spa in General Luna, Surigao del Norte.”
The resort will be included in PRA’s inspection and investigation of alleged reclamation activities in Siargao Island “to validate the actual condition of the area.”
A Rappler report in December 2025 found coastal reclamation in front of the resort based on satellite images spanning 2012 to 2022, and that the resort does not have any agreement with the Protected Area Management Board (PAMB) of the Siargao Island Protected Landscape and Seascape (SIPLAS) for such development.
Their 2014 agreement with PAMB expired in 2017. Their application for a new one is still pending, according to the protected area management office.
MORE THAN A DECADE AGO. Satellite image of Siargao Bleu Resort & Spa from Google Earth Pro in July 2012. 
TEN YEARS LATER. Satellite image of Siargao Bleu Resort & Spa from Google Earth Pro in June 2022.
PRA Assistant General Manager Joseph Literal previously told Rappler that “any reclamation within the SIPLAS shall have a LONO (letter of no objection) or endorsement from the SIPLAS PAMB.”
Siargao Bleu is owned by Emmylou “Melot” Matugas-Abejo, daughter of Dapa, Surigao del Norte Mayor Elizabeth Matugas. The resort operates under Emaland Leisure, Parks, and Resorts Incorporated, Emaland was formed in 2009, according to the resort’s website, and construction started 2011. They opened in 2015.
Based on the company’s general information sheet (GIS) submitted to the Securities and Exchange Commission in July 2025, Elizabeth Matugas served as Emaland corporate secretary while a certain Lani Jean Matugas is listed as one of its directors.
The company amended its GIS in November 2025, with Elizabeth Matugas no longer listed as its corporate secretary. The amendment comes a month after a separate Rappler report found that contractor Boometrix Development Corporation, a firm where Elizabeth Matugas used to be an incorporator and a shareholder, secured P10 billion worth of infrastructure contracts in Surigao del Norte in the past decade.
– Rappler.com
Market Opportunity
Sperax Price(SPA)
$0.004456
$0.004456$0.004456
USD
Sperax (SPA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Zwitserse bankgigant UBS wil crypto beleggen mogelijk maken
De grootste vermogensbeheerder ter wereld, UBS, maakt zich op om een stap te zetten richting crypto. Volgens bronnen binnen de bank kijkt het Zwitserse concern
Share
Coinstats2026/01/24 02:48
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets
The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Trump Nears Decision on New Federal Reserve Chair
The post Trump Nears Decision on New Federal Reserve Chair appeared on BitcoinEthereumNews.com. Key Points: Trump nears decision on Federal Reserve Chair, evaluating
Share
BitcoinEthereumNews2026/01/24 02:53