By Juzel L. Danganan MANILA, June 28 (PNA) — Meralco-led Redondo Peninsula Energy Inc. (RP Energy) is planning to shrink its power capacity from 600 Megawatts (MWs) to 300 MW, due to…
Economists eye hike in BSP rates in H2 ’15 on expected faster inflation rate
By Joann Santiago MANILA, June 25 (PNA) — Economists expect a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates in the second half of 2015 even after monetary officials keep…
President Aquino says he wants to focus on governing, does not want to be distracted by politics
MANILA, June 25 (PNA) — With barely more than a year before his term ends, President Benigno S. Aquino III said he does not want to be distracted by politics at this…
Strong domestic demand, low inflation made BSP keep rates steady
By Joann Santiago MANILA, June 25 (PNA) — The still robust domestic demand along with low inflation environment made the Bangko Sentral ng Pilipinas (BSP) keep rates steady Thursday. Thus, the overnight…
3,000 families displaced by floods in Maguindanao town
TACURONG CITY, June 25 (PNA) — Almost 3,000 families in remote villages of Sultan sa Barongis, Maguindanao have been affected as floods from South Cotabato reached the Maguindanao marshland Thursday, local disaster…
Carpio urges PHL’s plea for provisional remedy in the case of West Philippine Sea at ITLOS
By Perfecto T. Raymundo MANILA, June 25 (PNA) — Supreme Court (SC) Senior Associate Justice Antonio T. Carpio on Thursday reiterated the call for the country’s plea for the United Nations International…
PhilHealth opens contracting for Z Benefit Packages to private hospitals
By Leilani S. Junio MANILA, June 25 (PNA) — The Philippine Health Insurance Corporation (PhilHealth) has called for private health care institutions to apply for contracting services for the delivery of any…
President Aquino vows to answer ‘point-by-point’ Binay’s criticisms
By Jelly F. Musico MANILA, June 25 (PNA) — President Benigno S. Aquino III said on Thursday he will answer “point-by-point” the criticisms hurled against his administration by Vice President Jejomar Binay,…
PHL launches biggest RDF facility in Pasig City
By Lilybeth G. Ison MANILA, June 25 (PNA) — The country’s largest Refuse Derived Facility (RDF) has started operations in Pasig City to enhance garbage disposal in the country. A joint initiative…
Megaworld’s GERI to spend add’l PhP7-B to build new township in Iloilo
By Leslie D. Venzon MANILA, June 25 (PNA) — Global-Estate Resorts Inc. (GERI), a subsidiary of property firm Megaworld Corp., is spending an additional PhP7 billion to transform its 173-hectare Sta. Barbara…
DOST introduces Filipino-made Hybrid Road Train
By Ma. Cristina C. Arayata PAMPANGA, June 25 (PNA) — Are you one of the commuters who feel hopeless each time you ride the MRT? Tired of the long queue you need…
Aurora Partners formed to develop solar projects in South Asia, including PHL
By Juzel L. Danganan MANILA, June 25 (PNA) – Asia Green Capital Partners and Juwi Renewable Energies Pte Ltd. have created Aurora Partners Pte. Ltd, a joint-venture company, to develop solar photovoltaic…
Corporate profits up 14% to Php158-B in Q1
By Leslie D. Venzon MANILA, June 25 (PNA) — The combined net income of companies listed at the Philippine Stock Exchange (PSE) surged by 13.9 percent in the first quarter mainly driven…
Employment opportunity assured for children of ‘sacada’ workers
ILOILO CITY, June 25 (PNA) — Employment opportunity awaits children of sugar migratory workers also known as ‘sacada’ who underwent skills training and passed the National Certificate Level II (NC II) examination…
DILG tags Ormoc village as model for MDG program
ORMOC CITY, Leyte, June 25 (PNA) – This city is chosen to represent Eastern Visayas as a model city in the implementation of the Millennium Development Goals-Family-based Actions for Children and their…