Business, Manila, News

PSE warns public on stock market investment scams

9 Dec , 2015  

The Philippine Stock Exchange, Inc. has advised the public to exercise caution in dealing with individuals who are not licensed to solicit funds for stock market investments. “We are alarmed by reports that have reached us on unscrupulous practices that are perpetuated to scam potential stock market investors. These practices not only cheat the victims […]

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Business, Nation, News

P-Noy sees greater prosperity in Philippine-Mexican ties

19 Nov , 2015  

P-Noy sees greater prosperity in Philippine-Mexican ties Philippine President Benigno S. Aquino III said a broader cooperation between the country and Mexico could lead to greater prosperity. “It is about time for us to expand our ties beyond the realm of history,” Aquino said of recognizing the enduring friendship of the two countries. “The extent […]

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Business, Manila, News

Holding company says PAL earnings up in first 9 months

12 Nov , 2015  

The flag-carrier Philippine Airlines, Inc., earnings rose to P6.55 billion in the first nine months this year from P169.1 million in the same period last year, according to holding company PAL Holdings, Inc. PAL said that total revenues for the nine months reached P81.99 billion, up 10.8 percent from P73.98 billion during the same months […]

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Business, Nation, News

Peso surges against US dollar on Wednesday

8 Oct , 2015  

The Philippine peso surged against the US dollar on Wednesday on more negative economic data from the US as higher expectation for Fed rate delay. It ended the day at P46.14, or P0.33 better than the P46.47 in the previous trading. A trader partly attributed this to the widening of US trade deficit in August […]

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Business, News

Ayala firm wins P4-billion integrated transport system south terminal project

11 Aug , 2015  

Property behemoth Ayala Land Inc. on Tuesday won a bid to build and operate the P4-billion Integrated Transport System Project–South Terminal under the public-private partnership (PPP) scheme. The company will be awarded by the Department of Transportation and Communications with a 35-year concession agreement to build and operate the ITS South project. The project will […]

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Bicol News Now, Business, Governance, News

DOLE says 13.9% Bicol firms fail to follow mandatory minimum wage rate

29 Jul , 2015  

The Department of Labor and Employment said that about 13.90 per cent of Bicol employers do not comply with the current minimum wage rate as specified in Wage Order No. RBV-16 which stipulates P260.00 per day for establishments with more than 10 workers and P236.00 per day for those with less than 10 employees. Or, […]

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Business, Governance, News

Philippines cautious in joining China-led Asian Infrastructure Investment Bank

4 Jun , 2015  

MANILA, June 4 — The Philippines is cautiously studying whether or not to join the Asian Infrastructure Investment Bank (AIIB) amid the country’s huge need for more infrastructure, President Benigno S. Aquino III said on Wednesday. “The Philippines, like any other country, has tremendous infrastructure needs,” the President said during the question-and-answer portion of the […]

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Business, News

Seaoil, Phoenix implements price hike of oil products

31 Mar , 2015  

MANILA, March 31 — Just in the nick of time when the mass exodus and movement of people for the Holy Week and vacation, Phoenix Petroleum Philippines and Seaoil Philippines Inc. hikes pump prices of gasoline by P1.10 per liter and diesel by 60 centavos per liter on Tuesday. Phoenix enforces price changes on Tuesday […]

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Business, Manila, News, NOAH

Gabriela assails President Aquino on Sari-Sari store training program remarks

27 Mar , 2015  

MANILA, March 27 — Some 5,000 women from Metro Manila and neighboring provinces availed of the sari-sari store training and access to resources program of the Technical Education and Skills Development Authority. The event was held at the SM Mall of Asia, which coincided with the end of the celebration of this year’s National Women’s […]

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Business, Nation, News

Oil companies rolls back prices on Tuesday by P1.10 per liter

23 Mar , 2015  

MANILA, March 23  -– Pilipinas Shell Petroleum Corp. (PSPC), Seaoil Philippines Inc (SPI), Petron Corporation, Chevron Philippines Inc. (CPI), Phoenix Petroleum Philippines and PTT Philippines will rollback pump prices of gasoline by Php 1.10 per liter on Tuesday. Eastern Petroleum will cut gasoline prices by P1.20 per liter. PSPC, SPI, CPI, PTT Phils and Phoenix […]

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Business, News, Regions, Visayas

Megaworld to convert canefields as future Bacolod upscale lifestyle, business districts

21 Mar , 2015  

BACOLOD CITY, March 21 — This Visayan city is the target of a P35 billion real estate investment project. The biggest real estate investment in Negros Occidental so far, Megaworld Corporation’s development projects are expected to create new business districts and 250,000 jobs in the next 10 years. Megaworld senior vice president Jericho Go led […]

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Business, Economy, Nation, News

PH merchandise exports suffer marginal drop in January 2015

11 Mar , 2015  

MANILA, March 12 — Philippine export of minerals and agro-based products registered strong growth in January 2015, but weaker demand in manufactures and lower sales from petroleum pulled down total exports, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported Tuesday that the country’s merchandise exports reached US$4.36 billion in […]

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Business, News

Watchdog warns skin whitening cosmetics contain mercury

3 Mar , 2015  

MANILA, March 3 — A toxics watchdog warned that mercury-laden skin whitening cosmetics can pollute the household environment which endangers users and non-users, including young children who are most vulnerable to toxic exposure. The EcoWaste Coalition conducted yet another study on the amount of mercury that is released to the air with the use of […]

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Business, Green, Nation, News, Science

World’s 12th, Philippines now a mega-GMO producing country

2 Mar , 2015  

Cry, anti-GMO people, organizations, advocates against the GMO gory phenomenon. The pro-GMO, it seems is gaining foothold in the country fast and easy, with the support of big money, corporations, public and private institutions and not to discount the government and its people within. The Philippines is now the number 12th in growing GMO field […]

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Business, Luzon, News, Regions

Investor-Developers to build 1st gas service retail outlet in SCTEX

26 Feb , 2015  

MANILA, Feb. — Like a copy of gas service retail and store outlets in western countries, two investors are up to show the motorists and travelers in the Philippines the look and feel of one. That is, fill your car with gas, shop a little, eat some snacks and buy take home goodies, get some […]

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Business, Nation, News

Phoenix, Shell effects increase pump price of oil products

23 Feb , 2015  

MANILA, Feb. 23 — Oil derived-products are on the side of price increases with two retailers leading the pack. Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines Inc. will increase pump prices of gasoline by 85 centavos per liter and diesel by 80 centavos per liter on Tuesday. Shell will also hike its kerosene prices […]

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Bicol News Now, Business, News

Bicol Pili production gets boost as landowners expand plantations

16 Feb , 2015  

Bicol Pili production gets boost as landowners expand plantations PILI, Camarines Sur, Feb. 16 — The production of Pili nut products get the needed boost with several landowners in the towns of Minalabac, Camarines Sur has chosen to devote plantation of Pili trees. Two large farm owners joined the growing number of producers who have […]

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Bicol News Now, Business, News

Bicol netizens fired up with mall constructions in Naga and Legazpi

15 Feb , 2015  

Bicol netizens fired up with mall constructions in Naga and Legazpi Bicol netizens on social media sites are so fired up with the news and non-news of mall constructions, etc., in and around the cities of Naga and Legazpi. Hurling each other with verbal abuse, unbecoming of a Bicolano, when there is no cause and […]

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Business, Luzon, Manila, News, Regions

Meralco effects power rate hike on February bill

11 Feb , 2015  

Meralco effects power rate hike on February bill. MANILA, Feb 11 — Power giant retailer Manila Electric Company has the power to charge rate increases in its service area. This February the power monopoly will increase its total billing charges by 84 centavos per kilowatthour. Households with 200 kWh monthly consumption will increase by Php […]

Business, Nation, News

Petron cuts back price of petroleum products Monday

18 Jan , 2015  

Petron cuts back price of petroleum products Monday MANILA, Jan. 19 — On Monday, the Petron Corporation will effect a cut back on prices of its petroleum products by more than one peso. The company will reduce P1.25 per liter on gasoline brand Blaze 100, Euro 4, XCS, Xtra Advance and Super Xtra. The diesel […]

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Bicol News Now, Business, News

APEC plunges Albay 1st district in power blackout

11 Jan , 2015  

APEC plunges Albay 1st district in power blackout. Legazpi City, Jan. 11 — It might occur to many observers that local power retailer Albay Power and Energy Corporation is playing carrots and sticks all along. Last Thurdsday morning, Albay Power and Energy Corporation shut down the power connection of thousands of local electric consumers in […]

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Business, DREAB, News

APEC cuts off electric service of MPCF-Legazpi

9 Jan , 2015  

APEC cuts off electric service of Mariners Polytechnic Colleges Foundation – Legazpi Legazpi City, Jan 9 — Albay Power and Energy Corporation finally disconnected the electric service to the entire campus of Mariners Polytechnic Colleges Foundation in Barangay Rawis here, on Wednesday at about 10 o’clock in the morning. The disconnecting team of linemen from […]

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Bicol News Now, Business, News

Ayala invests P1-billion in Legazpi mall project

6 Jan , 2015  

Ayala invests P1-billion in Legazpi mall project development. City mayor Noel Rosal said on Saturday evening during a social event celebration held at the city motorpool compound that the Ayala Corporation has invested P1-billion for the construction of a mall right at the heart of the city. Ayala took over the construction of the mall […]

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Bicol News Now, Business, News, Tech News

PLDT sucks in customer service

4 Jan , 2015  

PLDT sucks in customer service. Calabanga, CAMSUR — The new year of 2015 is seen to augur inspiration and hope for many of us. But if the new year is epitomized in telecom service like the Philippine Long Distance Telephone Company (PLDT), then it doesn’t look good at all. Before the year 2014 ended, and […]

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