MANILA, Aug 13(PNA) — Universal Robina Corporation (URC) on Wednesday reported the 14.5 percent increase in its net sales at the end of the third quarter of its fiscal year, which started…
PSBank H1 ’14 net income down to P1.1B
MANILA, Aug. 13 (PNA) — Net income of Metrobank Group’s thrift banking arm, Philippine Savings Bank (PSBank), fell to P1.1 billion in end-June 2014 from P2.9 billion same period in the previous…
Cebu Pacific net income up by 125% to P3.1-B in H1 ’14
By Azer N. Parrocha MANILA, Aug. 13 (PNA) — Cebu Air Inc. (Cebu Pacific) on Wednesday reported a 125 percent surge in its net income to P3.01 billion from P257 million in…
Government, MILF panels eye submission of draft Bangsamoro Law to the President this month, says official
MANILA, Aug. 13 (PNA) — A Malacañang official said they hope that the government and Moro Islamic Liberation Front (MILF) panels hammering out the draft Bangsamoro Basic Law could submit the proposal…
Human error more plausible than tech error in MRT mishap –DOTC chief
MANILA, Aug 13 (PNA) — Department of Transportation and Communications (DOTC) Secretary Joseph Emilio Abaya has said that human error was more plausible than technical error as the cause of the Metro…
EU funds project to help brain deal with big data
BRUSSELS, Aug 12 (PNA/Xinhua) — European researchers are developing an interactive system which can help brain deal with increasingly big and complex datasets, according to a press release issued by the European…
U.S. scientists create functional 3D brain-like tissue
WASHINGTON, Aug. 12 (PNA/Xinhua) — U.S. researchers said Monday they have created a three-dimensional brain-like tissue that functions like and has structural features similar to tissue in the rat brain and that…
Davao City expects rise in visitor arrival this August
DAVAO CITY, Aug. 12 (PNA) — The city government of Davao is expecting an increase of visitors for the month of August when people from nearby and outside the region flock to…
MB further liberalizes bank cross-selling framework; now includes collective investment schemes
MANILA, Aug. 12 (PNA) — The Monetary Board (MB) further liberalized its cross-selling framework by allowing banks to use their premises to market and sell collective investment schemes (CIS) to bank clients….
MPIC seeks discussions on LRT-1 Cavite Extension Project with concerned parties
By Azer N. Parrocha MANILA, Aug. 12 (PNA) — A discussion between parties involved in the Light Rail Transit Line 1 (LRT-1) Cavite Extension Project would be necessary for the project to…
PLDT’s fixed line business posts 6% gain to P28.1-B in 1H
MANILA, Aug. 12 (PNA) — The Philippine Long Distance Telephone Company (PLDT) reported significant growth in its fixed line business for the first half of the year by six percent year-on-year to…
Transco to temporarily do ‘labor of love’ on FIT rates
MANILA, Aug. 12 (PNA) — The National Transmission Corporation (TransCo) will temporarily apply a “labor of love” entry to its supposed charge on the Feed-in-tariff (FIT) rates in the collection for renewable…
Chinese tourists swarm Legazpi as Ibalong Festival takes off
By Danny O. Calleja LEGAZPI CITY, Aug. 12 (PNA) – A throng of Chinese tourists arrived at the airport here Monday afternoon via a chartered Cebu Pacific flight that flew them in…
Drilon confident Senate will bounce back in next survey
By Jelly F. Musico MANILA, Aug. 12 (PNA) – Senate President Franklin Drilon has expressed optimism that the Senate will be able to recover from low net satisfaction rating in the next…
PHL, EU sign agreement providing PHP 1.8B for health sector reform
By Sweetie dela Torre MANILA, Aug. 12(PNA) — The Philippines and the European Union (EU) have signed the Philippines Health Sector Reform Contract (PHSRC) providing 30M euro grant (Php 1.8B) to support…