BAYOMBONG, Nueva Vizcaya, May 16 (PNA) — Department of Agriculture(DA) Secretary Proceso Alcala is set to visit the province on May 21 to formally open DA-funded projects. Alcala will personally lead the…
Egypt’s Morsi sentenced to death over jailbreak charges
CAIRO, May 16 (PNA/Xinhua) — An Egyptian court sentenced Saturday ousted Islamist president Mohammed Morsi to death over 2011 jailbreak charges. The Cairo Criminal Court issued preliminary death sentences against Morsi and…
No turning back for economic cha-cha – Belmonte
By Sammy F. Martin MANILA, May 16 (PNA) — The measure that will lift the Philippine economic situation to a better position might end up into waste should Congress does not throw…
Gov’t employees from compliant agencies to receive performance-based bonus starting June 1
By Joann Santiago MANILA, May 16 (PNA) — Government employees will received starting June 1, 2015 their productivity bonus equivalent to one-month salary. Disbursement of the said bonus was stated under Executive…
Britain plans power station capable of capturing 90% CO2 emissions
LONDON, May 16 (PNA/Xinhua) — The British government announced Friday that it will fund the industrial research and feasibility work of a proposed coal-gasification power station, which will be equipped with carbon-capture-storage…
DILG chief lauds LGU’s proper use of development funds
MANILA, May 15 (PNA) — Department of Interior and Local Government (DILG) Secretary Manuel “Mar” Roxas II has cited the municipality of Candaba in Pampanga as one of the most organized local…
OFWs’ March remittances post highest growth in 15 months
By Kris M. Crismundo MANILA, May 15 (PNA) — Remittances of Filipino workers overseas in March 2015 posted the highest growth in 15 months, according to Bangko Sentral ng Pilipinas (BSP) BSP…
405-MW Misamis coal-fired power plant to alleviate Mindanao power shortage in 2016
By Juzel L. Danganan MANILA, May 15 (PNA) — FDC Utilities Inc. (FDCUI), a subsidiary of Filinvest Development Corporation (FDC), announced Friday that its 405-megawatt (MW) FDC Misamis coal-fired power plant is…
Tagle elected as president of Caritas Internationalis
By Ferdinand G. Patinio MANILA, May 15 (PNA) — Earning 91 out of the 133 votes by the Caritas Internationalis member countries, Manila Archbishop Luis Antonio Cardinal Tagle was elected as the…
PHL agriculture grew 1.78% in Q1 of 2015
By Cielito M. Reganit MANILA, May 15 (PNA) — The country’s agriculture sector grew by 1.78 percent in the first quarter of 2015, bannered by improved performances in the crops, livestock and…
Housing developer 8990 Holdings on track to hit PhP10-B revenue target for 2015
MANILA, May 15 (PNA) — Listed mass housing developer 8990 Holdings Inc. is optimistic about achieving its projected PhP10-billion revenue this year, banking on the country’s expanding economy. Its total revenues from…
Napacor to spend Php 106.2B in subsidy to boost capacities of power plants in five provinces
By Juzel L. Danganan MANILA, May 15 (PNA) -– Five areas are expected to boost the subsidy expenses of the National Power Corp.’s (Napocor) power plants by Php 1.062 billion. ”The proposed…
Aboitiz Equity Ventures keen to invest in acquiring Lafarge’s cement operations
By Leslie D. Venzon MANILA, May 15 (PNA) — Philippine conglomerate Aboitiz Equity Ventures, Inc. (AEV) is in talks with a global building materials company for possible investments in the acquisition of…
Air transport business lifts JG Summit profit by 11.2% in Q1
MANILA, May 15 (PNA) — Gokongwei-led conglomerate JG Summit Holdings Inc. on Friday said its first-quarter profit surged by 11.2 percent on the back mainly of air transportation business. In a disclosure…
Vista Land to launch Php40-B worth of housing projects in 2015; sets Php25.1-B capex
MANILA, May 15 (PNA) — Villar-led property holdings group Vista Land & Lifescapes, Inc. will launch Php40 billion worth of projects this year on expectations that housing demand will remain robust ahead…