OceanaGold (Philippines) Inc. (OGP) remitted P506.9 million in local business taxes (LBT) to three municipalities in Nueva Vizcaya and Quirino in 2026, up 20.2 percent from 421.9 million pesos a year earlier.
Kasibu in Nueva Vizcaya received the largest share at P253.5 million, followed by P152.1 million for Nagtipunan and P101.4 million for Cabarroguis in Quirino.
“We believe that as we grow, our host municipalities grow with us. This is one of the direct and immediate benefits of responsible resource development,” said Joan Adaci-Cattiling, OGP president and general manager for external affairs and social performance.
She said the higher tax contribution is expected to support development projects in host communities. Under a memorandum of agreement, the beneficiary municipalities committed part of their LBT collections to environmental programs.
Kasibu allocated P10 million, while Cabarroguis and Nagtipunan each set aside P5 million for environmental management, protection and conservation initiatives.
OGP said its sustained contributions have helped maintain the first-class status of Kasibu, Nagtipunan and Cabarroguis. This classification is given to local government units with an average annual income of at least P200 million, enabling them to expand services and invest in long-term development.
