MANILA, Sept. 30 (PNA) — Flag carrier Philippine Airlines (PAL) on Tuesday announced that beginning March next year, regular flights to New York will be open in a four-times-a-week-service. This marks the…
Category: Business & Economy
Cebu water park to invest P1.2B for water park in Luzon
CEBU CITY, Sept. 19 (PNA) — The JPark Island Resort Cebu in Lapu-Lapu City, formerly known as the Imperial Palace, will invest P1.2 billion to bring its water park facilities to Luzon…
Singapore developer to build retirement village in west Cebu town
By Eddie O. Barrita CEBU CITY, Sept. 19 (PNA) — Singapore-based property developer Syntech Properties, Inc. has announced the development of a 37-hectare retirement village in Balamban town, some 50 kilometers west…
Mabilog holds another consultation with central market vendors
ILOILO CITY, Sept. 19 (PNA)– Mayor Jed Patrick Mabilog here and members of the Market Committee will hold another dialogue with legitimate central market vendors on Wednesday, September 24 as part of…
Globe launches #StaySafePH public service drive; says no disruptions in its network
MANILA, Sept. 19 (PNA) — Globe Telecom on Friday initiated its public service drive in social media through #StaySafePH which shares valuable tips and information on how to be safe during the…
MB places Rural Bank of Padre Burgos (Southern Leyte), Inc. under PDIC receivership
MANILA, Sept. 18 (PNA) — The Monetary Board (MB) placed the Rural Bank of Padre Burgos (Southern Leyte), Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of…
Japanese leasing company acquires 49% stake in BPI Leasing Corp.
MANILA, Sept. 18 (PNA) — Bank of the Philippine Islands’ (BPI) leasing business is expected to be in a more stronger ground after Century Tokyo Leasing Corporation (CTL) acquired 49 percent stake…
Sen. Aquino pushes for long-term solution to congested Port of Manila
By Jelly F. Musico MANILA, Sept. 18 (PNA) – With the country’s growing economy, Sen. Paolo Benigno Aquino IV has underscored the need for the government to think for the long-term solutions…
BOC-MICP earns over Php469 M from 14 public auctions from January to September 2014
By Ferdinand G. Patinio MANILA, September 18 (PNA) — Over Php469-Million was earned by the Bureau of Customs-Manila International Container Port (BOC-MICP) from the conduct of public auctions on illegally imported goods…
Gov’t continues to monitor prices of prime goods –Palace
By Leslie D. Venzon MANILA, Sept. 18 (PNA) — The government is continuously monitoring the prices of food and other basic commodities to protect consumers from unjustified increases, a Palace official said…
PSEi up, peso down on latest Fed cut
By Joann Santiago MANILA, Sept 18 (PNA) — The local bourse on Thursday tracked the rally of Wall Street following the decision of the Federal Open Market Committee (FOMC) to further cut…
Palace confident PHL gains to be sustained beyond 2016
By Leslie D. Venzon MANILA, Sept. 16 (PNA) — Malacanang has expressed optimism that the country’s reforms and gains achieved under the Aquino administration will be sustained beyond 2016. “At this point…
FDI Net Inflows Continue to Rise in June 2014; First Semester Level Reaches US$ 3.6B
MANILA, Sept. 10 (PNA) — Foreign direct investments (FDI) posted net inflows amounting to US$ 588 million in June 2014, a turnaround from the US$ 26 million net outflows registered in the…
Peso, PSEi falter anew Wednesday
By Joann Santiago MANILA, Sept 10 (PNA) – – Investors’ expectations of a sooner-than-later hike in Federal Reserve’s key rates further weakened the Philippine peso and the local bourse Wednesday. The local…
Experts raise need for more environment, poverty-focused policies
By Joann Santiago MANILA, Sept 9 (PNA) — Development challenges continue to rise worldwide and the Philippines is not immune to this. For one, calamities are caused by nature but humans have…