By Ferdinand G. Patinio MANILA, Aug. (PNA) — The Special Bids and Awards Committee (SBAC) 2 of the Commission on Elections (Comelec) on Saturday declared the second round of bidding for the…
Category: Business & Economy
Bicol economy slows down in 2014
LEGAZPI CITY, Aug. 1 (PNA) — The Bicol Region’s economy posted the biggest slowdown or deceleration nationwide last year at 4.2 percent from 8.1 percent in 2013 or a decline of 3.9-percentage…
Cordillera GRDP slides down but is still positive
BAGUIO CITY, Aug. 1 (PNA) — The 5.4 percent growth rate of the Cordillera Region in 2013 slid down 3.2 percent in 2014 but is still positive in terms of monetary value…
Aboitiz Equity Ventures’ Php25-B fixed-rate retail bonds 2.7x oversubscribed
MANILA, July 31 (PNA) — Philippine conglomerate Aboitiz Equity Ventures, Inc. (AEV) completed Friday its offer of the first tranche of its fixed-rate retail bonds amounting to Php24 billion. “The bonds were…
EC Gas to cut LPG prices by Php1.10/kg
By Juzel L. Danganan MANILA, July 31 (PNA) — EC Gas will cut its Liquefied Petroleum Gas (LPG) price by Php1.10 per kilogram (kg) effective August 1. With the rollback, EC Gas,…
RCBC exec optimistic for a Php75-80-B AUM for Wealth Management Group for 2015
MANILA, July 31 (PNA) — The strong expansion of the Philippine economy made an official of the Rizal Commercial Banking Corporation (RCBC) optimistic that they will hit their 16 percent growth target…
Domestic liquidity sustains growth in June
MANILA, July 31 (PNA) — Preliminary data show that domestic liquidity (M3) grew by 9.0 percent year-on-year in June 2015 to reach Php7.7 trillion. This was slightly slower than the 9.3-percent expansion…
(News Feature) IC chief eyes 3% insurance penetration rate for PHL in ‘19
By Joann Santiago MANILA, July 31 (PNA) — Insurance products were previously only for the rich due to several factors like expensive premiums and peoples’ little knowledge on these products. However, times…
SBAC 1 recommends issuance of notice of award to Smartmatic for provision of OMR machines
By Ferdinand G. Patinio MANILA, July 30 (PNA) — The Special Bids and Awards Committee (SBAC) 1 of the Commission on Elections (Comelec) has recommended to the Commission en banc the issuance…
CIPI suspends IMS certification for Semirara Mining
By Juzel L. Danganan MANILA, July 30 (PNA) – Semirara Mining & Power Corp. said Thursday that it has received the suspension certificate for its Integrated Management System (IMS) from the Certification…
Pryce Gases farms-in SC 55 for US$ 3.22-M
MANILA, July 30 (PNA) — Pryce Gases Inc., a subsidiary of Pryce Corp., has farmed in Thursday US$ 3.22 million for a 10-percent stake in the future earnings of Hawkeye-1, which is…
New Zealand supermarkets stocking ‘unhealthiest’ food available: study Nutrition Month culminates in cookfest in Pangasinan DOH: No expired medicine given to Zamboanga school children on deworming day Heavy rain floods over 120,000-hectare farmland across Myanmar P1.1M worth of livestock turned over by DA-13 to farmers in Surigao del Norte DA, PhilRice urge Negrenses to be responsible rice consumers Cebu gov welcomes creation of new congressional district Davao Light imposes four-hour power cut off By Lilian C. Mellejor PCL slams dad involved in fake official receipts, certificates of appearance Devaluation of euro helps Nokia performance: analyst Sensex climbs 142 pts as govt approves GST amendments Davao Region topped other 14 regions in GRDP growth posting 9.4% in 2014 By Lilian C. Mellejor Indonesia to push Timor Leste membership in ASEAN at ministerial meeting in Malaysia Myanmar ruling party leader submits application to compete in general election Italian lawmakers to visit Crimea to examine social, political situation Davao Region topped other 14 regions in GRDP growth posting 9.4% in 2014
By Lilian C. Mellejor DAVAO CITY, July 30 (PNA) — Davao region topped 14 other regions in the country in Gross Regional Domestic Product (GRDP) at 9.4 percent in 2014, surpassing expectations…
TBs’ NPL ratio remains manageable
MANILA, July 29 (PNA) — The gross non-performing loans (NPLs) of thrift banks stood at 4.54 percent of the banks’ total loan portfolio (TLP) of Php 600.98 billion at end-March 2015. The…
Agencies commit to hasten RE project applications in Mindanao
DAVAO CITY, July 29 (PNA) — Key regional government agencies involved in the permitting process of renewable energy (RE) projects have expressed commitment to accelerate processing and updating of RE project applications…
DTI: PHL to benefit from new WTO IT deal
MANILA, July 29 (PNA) — The Philippines will be benefitting from the new trade deal in information technology (IT) sector of the World Trade Organization (WTO), the Department of Trade and Industry…