By Michaela del Callar MANILA, Nov. 11 (PNA) — The Netherlands-based Permanent Court of Arbitration will hold a one-week hearing starting Nov. 24 on the Philippines’ case challenging China’s enormous claim on…
Sen. Drilon: New pay scheme to stabilize key gov’t posts, address high turnover
MANILA, Nov. 11 (PNA) — To encourage employees to stay longer in government and boost their morale and productivity, Senate President Franklin Drilon filed Senate Bill No. 3009, which mandates a weighted…
BPI net income rose 8% to Php 13 B in Q3 ’15
By Joann Santiago MANILA, Nov. 11 (PNA) — Ayala-led Bank of the Philippine Island (BPI) posted an 8.1 percent year-on-year increase in net income in the third quarter of 2015, boosted by…
Max’s Group nets Php313-M profit
By Leslie D. Venzon MANILA, Nov. 11 (PNA) — Casual dining operator Max’s Group, Inc. (MGI) on Wednesday reported a net profit of Php313.12 million for the first nine months of 2015,…
Crown Asia Chemicals 9-month profit hits Php70.5 M
By Leslie D. Venzon MANILA, Nov. 11 (PNA) — Listed Crown Asia Chemicals Corp. on Wednesday said its profit surged by 60 percent in the first three quarters of 2015 on the…
Aster DM Healthcare now in PHL
By Leilani S. Junio MANILA, Nov. 11 (PNA)–Aster DM Health Care, the biggest healthcare network in India and Middle East countries, expanded Wednesday its global operations with the opening of its first…
HSBC economists eyes 5.5% output for PHL in ’15
MANILA, Nov. 11 (PNA) — An economist of HSBC forecasts the Philippine economy to remain strong although output is seen to be lower than in recent years at 5.5 percent given the…
EDC recurring net income down 10% YoY mainly due to Tongonan Plant outage
MANILA, Nov 11 (PNA) – Lopez-led Energy Development Corp. (EDC) has posted a lower recurring net income attributable to equity holders of the parent by 10 percent at Php 7.0 billion for…
SPC on SC decision on Naga Power Plant Complex: If not reconsidered, set back in introduction of new 300MW in Visayas grid possible
By Juzel L. Danganan MANILA, Nov. 11 (PNA) – SPC Power Corp. was disappointed by the Supreme Court (SC) decision that nullified its win in the Naga Power Plant Complex (NPPC) even…
Tubbataha management to file charges vs 7 illegal fishermen in Palawan
By Archie T. Barone PUERTO PRINCESA CITY, Nov. 11 (PNA) — The management office of the Tubbataha Reefs Natural Park (TRNP) filed illegal fishing charges Wednesday against seven fishermen, who were caught…
ARMM lawmaking body confirms appointment of regional education secretary
COTABATO CITY, Nov.11 (PNA) – The appointment of a cabinet member who earned the ire of politicians in the Autonomous Region in Muslim Mindanao (ARMM) for rejecting their recommendees to education department…
Partylist breaks silence on post-disaster criticisms
By Lizbeth Ann A. Abella TACLOBAN CITY, Nov. 11 (PNA) – The An Waray Party list broke their silence on the report that they have been unresponsive to the needs of super…
Leni Robredo pushes for ‘people empowerment’
LINGAYEN, Pangasinan, Nov. 11 (PNA) — Governance will be more efficient if the people are involved in the planning and implementation of programs, Camarines Sur Congresswoman Leni Robredo said here. Robredo said…
Cebu PB asks BAC to explain award of PHP250.6-M equipment buy to ‘highest bidder’
CEBU CITY, Nov. 11 (PNA) — The Cebu Provincial Board (PB) has asked the bids and awards committee (BAC) to explain the award of the contract for the purchase of some PHP250.6…
Ilocos farmers urged to plant weather-resistant rice varieties
BATAC CITY, Ilocos Norte, Nov. 11 (PNA) —As the country braces for prolonged drought, farmers in this top rice-producing region are being encouraged to try new weather-resistant rice varieties depending on their…