By Joann Santiago MANILA, April 17 (PNA) — The Philippine peso ended the week better than the greenback on contraction of US’ industrial production in March 2015 and the European Central Bank’s…
President Aquino to renew push for Code of Conduct in South China Sea
MANILA, April 17 (PNA) — President Benigno Aquino III is firm on calling for the establishment of the Code of Conduct in South China Sea citing a possible violation of the Declaration…
Agreement signed by Iqbal can only be voided if it won’t be ratified by gov’t — De Lima
MANILA, April 17 (PNA) — The agreement signed by Moro Islamic Liberation Front (MILF) chief negotiator Mohagher Iqbal with the government is voidable but not invalid. This was the position taken by…
President Aquino confirms Espina’s submission of resignation letter
MANILA, April 17 (PNA) — President Banigno Aquino III on Friday confirmed that Philippine National Police (PNP) officer-in-charge General Leonardo Espina has submitted his resignation. ”In a briefing after he led the…
PHL petroleum value production index improves at -30.8%
MANILA, April 17 (PNA) -– The petroleum value production index of the country has improved at -30.8 percent for February than January’s plunge of -35.4 percent, according to the National Economic Development…
PNB shifts focus to SME, consumer loan portfolio
MANILA, April 17 (PNA) — The Philippine National Bank (PNB) has shifted focus from corporate to small and medium enterprises (SME) and consumer loan portfolios in an effort to beef up its…
BSP allows Unit Investment Trust Funds with unit-paying feature
MANILA, April 17 (PNA) –In line with the thrust of the Bangko Sentral ng Pilipinas to institute reforms that will take advantage of investment opportunities while ensuring market order, both of which…
Bank deposits post double-digit growth in 2014
MANILA, April 17 (PNA) — Deposits in the Philippine banking system grew to Ph8.5 trillion in 2014, up 12 percent from Php 7.6 trillion in 2013. Data from the Philippine Deposit Insurance…
MB places Rural Bank of Labrador (Pangasinan), Inc. under PDIC receivership
MANILA, April 17 (PNA) — The Monetary Board (MB) placed the Rural Bank of Labrador (Pangasinan), Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution…
Trans-Asia advances to Sub-Phase 4 on SC 69
By Juzel L. Danganan MANILA, Apr 17 (PNA) — Trans-Asia Petroleum Corporation has advanced the exploration stage in Service Contract 69, to drill one well in Camotes Sea, Visayas-Service Contract 69. ”Please…
PEZA approves Seiki Corp’s project
MANILA, April 17 (PNA) — The Philippine Economic Zone Authority (PEZA) has approved the project of Japanese firm Seiki Corporation. PEZA Director General Lilia B. de Lima and Seiki Hot Runners Philippines…
Nueva Vizcaya dads push better infra project implementation mode
BAYOMBONG, Nueva Vizcaya, April 17 (PNA) — Provincial lawmakers here are pushing for a more advantageous scheme of infrastructure project implementation in the province to maximize funds from the local government coffers….
2015 Bangus Festival in a rousing start despite heavy rain
By Leonardo V. Micua DAGUPAN CITY, April 17 (PNA) — Despite heavy rain, the 2015 Bangus Festival here was mobbed by thousands of spectators in a rousing start at 2 p.m. Friday,…
Negros qualified to become one-island region
BACOLOD CITY, April 17 (PNA) — Negros is qualified to become a one-island region based on its population, income, and total area, according to Negros Occidental Gov. Alfredo Marañon Jr.. The governor,…
Bloomberry Resorts plans to put up USD 1-B integrated casino complex in South Korea
By Leslie D. Venzon MANILA, April 16 (PNA) — Philippine casino operator Bloomberry Resorts Corp. plans to invest over USD 1 billion in developing an integrated casino complex in South Korea by…