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Oil price drop dampens Shell’s profits for 2014

By Juzel L. Danganan MANILA, Feb. 27 (PNA) — Pilipinas Shell Petroleum Corp. (PSPC’s) President Ed Chua sees the company’s net loss for 2014 will likely be bigger than the…

Palace more than solid in its resolve to push BBL — Valte

By Jelly F. Musico MANILA, Feb. 27 (PNA) — Malacanang remains solid in its resolve to keep pushing the peace process in Mindanao through the proposed Bangsamoro Basic Law (BBL)…

Fast-tracking dev’t through infra, social services is gov’t formula to rebuild war-torn Mindanao — Bacani

MANILA, Feb. 27 (PNA) — By fast-tracking development in the war-torn Bangsamoro through infrastructure build-up and intensified delivery of social services, the government sees faster and more effective way to…

France to extend monetary support to strengthen country’s fight against climate change

MANILA, Feb. 27 (PNA) — The French government will extend at least 50 million euros to the Philippines to contribute to the country’s prevention and reconstruction efforts in response to…

President Aquino invites French companies to invest in the Philippines

MANILA, Feb. 27 (PNA) — President Benigno S. Aquino III has invited French companies to put their money in the Philippines, particularly in aerospace, information technology, energy, and infrastructure. In…

Pimentel wants special tax exemption be given to Pacquiao

By Jelly F. Musico MANILA, Feb. 27 (PNA) – As Bureau of Internal Revenue (BIR) reminded Manny Pacquiao to properly pay tax in his mega-fight with Floyd Mayweather, a lawmaker…

GSIS posts 215.8% jump in ’14 net income

By Joann Santiago MANILA, Feb. 27 (PNA) — The Government Service Insurance System (GSIS) reported on Friday a 215.8 percent hike in its net income in 2014 to PhP 140…

3 real estate giants, holding firm form consortium for Php123.8-B PPP Lakeshore project bid

By Leslie D. Venzon MANILA, Feb. 27 (PNA) — Three real estate giants and a holding firm of the Philippines have formed a consortium to bid for the Php123.8-billion Laguna…

Greek economist: economic center of gravity shifting eastwards

ATHENS, Feb. 27 (PNA/TASS) — Whether western European countries want it or not, the center of economic gravity is shifting eastwards, and the member-states of the Eurasian Economic Union as…

Ayala Land to hold groundbreaking rites for Bacolod project on March 5

BACOLOD CITY, Feb 27 (PNA) — Property giant Ayala Land Inc. (ALI) will hold the groundbreaking rites for its multi-billion development project on the Capitol property here on March 5….

Meralco to subscribe 300-million shares from Comstech Integration Alliance Inc

MANILA, Feb. 27 (PNA) — The Manila Electric Company (Meralco) will subscribe to 300-million new shares from Comstech Integration Alliance Inc (Comstech) through a shareholder’s agreement (SHA) signed on Thursday….

Samal Island’s GSO also functions for city’s urban greening program

TAGUM CITY, Davao del Norte, Feb. 27 (PNA) — The General Services Office (GSO) of the Island Garden City of Samal (IGACOS) is evolving as a different office which does…

402 Pangasinan mothers receive self-employment assistance

DAGUPAN CITY, Feb. 27 (PNA) — At least 402 mothers from the Fourth District of Pangasinan received financial assistance for their livelihood projects under the Self-Assistance Employment Assistance (SEA-Kaunlaran) of…

Puerto Princesa mayor orders cops to resolve series of highway robberies in city southern barangays

PUERTO PRINCESA CITY, Feb. 27 (PNA) — Mayor Lucilo Bayron has ordered the City Police Office (CPO) here to immediately resolve the series of robberies particularly perpetrated in remote southern…

Duterte says decision not to run for president final

By Annabel J. Petinglay ILOILO CITY, Feb. 27 (PNA) -– Davao City Mayor Rodrigo Duterte said that his decision not to run for president in 2016 is already final, considering…