By Kris M. Crismundo MANILA, Dec. 4 (PNA) — The Philippine economy will remain as the fastest growing economy in Southeast Asia until 2016, the Institute of Chartered Accountants in England and…
Tacloban implements forced evacuation
TACLOBAN CITY, Dec. 4 (PNA) — The city government of Tacloban implemented forced evacuation of residents living along coastal villages in this city. City Mayor Alfred Romualdez and law enforcement personnel from…
Senate asks House to junk Php 53.9-B funds for MRT-3 buyout plan
By Sammy F. Martin MANILA, Dec. 4 (PNA) — The chairman of the Senate Committee on Finance on Thursday asked the House of Representatives to junk the Php 53.9-billion Metro Rail Transit…
PNP respect Ombudsman order to suspend PNP chief
By Christopher Lloyd T. Caliwan MANILA, Dec. 4 (PNA) – The Philippine National Police (PNP) on Thursday respect the decision of the Office of the Ombudsman on the order suspending PNP Chief…
President Aquino presides over meeting to coordinate response to Typhoon ‘Ruby’
MANILA, Dec. 4 (PNA) — President Benigno S. Aquino III on Thursday presided over a National Disaster Risk Reduction and Management Council (NDRRMC) meeting in Camp Aquinaldo to coordinate government efforts to…
Php62-B in back wages to NPC employees will result to higher electricity bills — PSALM
By Jelly F. Musico MANILA, Dec. 4 (PNA) -– The Power Sector Assets and Liabilities Management Corp. (PSALM) on Thursday said the payment of Php62-billion in back wages to the retrenched employees…
Globe Telecom revamps management team
MANILA, Dec. 3 (PNA) — Globe Telecom on Wednesday said that it has made some changes in its management this month. In a statement, the Ayala-led telco said that its Senior Advisor…
Cebu Pacific offers lower fares for direct HK-Boracay flights
MANILA, Dec. 3 (PNA) – Low-cost carrier Cebu Pacific Air on Wednesday introduces its latest seat sale on its thrice weekly direct services to Kalibo, the international gateway to Boracay. As part…
Iloilo City notches P1.69B budget for 2015
By Lydia C. Pendon ILOILO CITY, Dec. 3 (PNA) — The city council here has unanimously approved the annual executive budget of the General Fund for 2015 amounting P1,696,399,917 during its regular…
RCBC issues Php2-B LTNCD
MANILA, Dec. 3 (PNA) — Listed Yuchengco-led Rizal Commercial Banking Corp. (RCBC) started issuing on Wednesday its long-term negotiable certificates of deposits (LTNCDs) to raise Php2 billion initially. The LTNCDs, which have…
Aboitiz gears up for Asean economic integration
CEBU CITY, Dec. 3 (PNA) — Aboitiz Equity Ventures (AEV) is gearing up for the Association of Southeast Asian (Asean) nations economic integration, an official said. “We are pursuing exciting opportunities leading…
Amendment to banks’ credit, risk-taking rules not to result in excessive property price hikes
By Joann Santiago MANILA, Dec 3 (PNA) — Affordability of housing units in the Philippines is not expected to rise vis-à-vis the amendments on banks’ credit-risk taking. Philippine Savings Bank (PSBank) President…
President Aquino signs ‘Iskolar ng Bayan’ Act of 2014
MANILA, Dec. 3 (PNA) — In keeping with the government’s policy to protect and promote all citizens’ right to quality and accessible education, President Benigno S. Aquino III has approved Republic Act…
Donated portion of Berlin Wall makes its way to Manila in 2015
By Micaela P. del Callar MANILA, Dec. 3 (PNA) — Twenty five years after the fall of the Berlin Wall, a section of the famed symbol of a divided Europe, will be…
Palace asking for additional authority to ease impact of foreseen power crisis on people, economy
By Joann Santiago MANILA, Dec 3 (PNA) – – Malacanang has asked for additional authority under the Electric Power Industry Reform Act (EPIRA) to cushion the impact of the possible power crisis…