By Sammy F. Martin MANILA, June 11 (PNA) — Speaker Feliciano Belmonte Jr., late Wednesday night decided not to put into a vote his proposed economic Charter Change (Cha-cha) after he failed…
JG Summit sees 13-15% core earnings growth amid robust economy
By Leslie D. Venzon MANILA, June 11 (PNA) — Gokongwei-led conglomerate JG Summit Holdings Inc. is expecting to post 13 to 15-percent growth in core net income in 2015 as its food,…
Petroenergy sells 10 percent stake in PetroGreen to EEI Power Corp for P206 million
By Juzel L. Danganan MANILA, June 11 (PNA) – Petroenergy Resources Corporation has sold 10 percent in PetroGreen Energy Corporation to EEI Power Corporation for Php 206 million, according to a disclosure…
PHP back in 45-level ahead of US’ May ’15 retail sales report
By Joann Santiago MANILA, June 11 (PNA) — The Philippine peso ended Thursday at 45-level against the dollar, the second time it did this week, ahead of the release of US’ May…
Talisay City development body approves PHP2.4B projects for 2016
TALISAY CITY, Cebu, June 11 (PNA) — The Talisay City Development Council (CDC) has approved some PHP2.4 billion worth of programs and projects under the 2016 Annual Investment Plan (AIP). Talisay City…
PSE to launch new stock market trading engine on June 22
By Leslie D. Venzon MANILA, June 11 (PNA) — The Philippine Stock Exchange, Inc. (PSE) will launch its much-awaited new stock market trading system – the PSEtrade XTS- on June 22. The…
BSP approves EastWest’s insurance brokerage undertaking
MANILA, June 11 (PNA) — The Bangko Sentral ng Pilipinas has approved EastWest Bank’s initial equity investment in its wholly-owned insurance brokerage, EastWest Insurance Brokerage Inc. (EWIB). The BSP approved the EastWest’s…
Cagayan de Oro City exec pushes amendments in ‘telecom’ laws
CAGAYAN DE ORO CITY, June 11 (PNA) –- The “Telecommunication Policy Act of 1995” should be amended in order to rectify the problems of sluggish internet services in the country, a local…
DOST trains Bicol fisherfolk on Community Life Competence Process
By Danny O. Calleja LEGAZPI CITY, June 11 (PNA) — The Community Life Competence Process (CLCP) is now part of the daily existence of some fishing communities in Bicol. Department of Science…
Ormoc shelter aid distribution to kick off Monday
ORMOC CITY, Leyte, June 11 (PNA) — All is set for the distribution of the PHP689.37 million Emergency Shelter Assistance (ESA) starting June 15 for 52,352 families in this city whose houses…
Anti-dynasty bill not meant for Binay – Pimentel
By Jelly F. Musico MANILA, June 10 (PNA) – Senator Aquilino ‘Koko’ Pimentel III on Wednesday clarified that the anti-dynasty bill is not meant for the Binay clan. ”I think it’s not…
Senate adjourns sine die; highlights landmark bills approved during 2nd regular session
By Jelly F. Musico MANILA, June 10 (PNA) -– The Senate may have not approved the controversial Bangsamoro Basic Law (BBL) before it adjourns sine die on Wednesday but it was able…
President won’t support 4-year term limit with re-election — Palace
By Jelly F. Musico MANILA, June 10 (PNA) – Malacanang on Wednesday said President Benigno Aquino III won’t support four-year term limit with re-election for the president. Presidential Spokesman Edwin Lacierda made…
OECD exec calls on PHL gov’t to reconsider Bank Secrecy Law
By Joann Santiago BAGAC, Bataan, June 10 (PNA) — An official of the Organisation for Economic Co-operation and Development (OECD) urged the Philippine government to reconsider its Bank Secrecy Law. Richard Parry,…
Globe Business, PEF powers Phil. eagle “Pamana’s” flight to freedom on Independence Day
MANILA, June 10 (PNA) — Globe Business continues to manifest its commitment to the sustainability and conservation of our country’s biodiversity as its partnership with the Philippine Eagle Foundation (PEF) come to…