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Cebu City Council asks inventor to submit proposal for magnet-run monorail

CEBU CITY, July 22 (PNA) — The Cebu City council has asked an inventor to submit a formal proposal for a magnet-driven elevated monorail mass transport system for the city….

Aklan tourism office to showcase first indigenous food festival

KALIBO, Aklan, July 23 (PNA) — The Aklan Provincial Tourism Office is promoting the forthcoming first ‘Tinuom’ Festival of Madalag town. Roselle Ruiz of the provincial tourism office said Wednesday…

Peso, PSEi post improvements on better investors’ sentiment

By Joann Santiago MANILA, July 23 (PNA) — Both the Philippine peso and the local bourse posted gains Wednesday on the back of improving investors’ sentiment in the region. The…

Luzon reserve to stabilize at 768 MW on Thursday – NGCP

By Juzel L. Danganan MANILA, July 23 (PNA) — The Luzon grid’s reserve will stabilize at 768 megawatts (MW) on Thursday, according to the National Grid Corporation of the Philippines…

Basic Energy Corporation, Spanish firm to develop hydropower projects in PHL

By Juzel L. Danganan MANILA, July 23 (PNA) — Philippine firm, Basic Energy Corporation, and Spain’s From Energies International Limited has signed a memorandum of understanding (MOU) to develop hydropower…

Senate probe is good opportunity for DBM to explain DAP — Drilon

By Jelly F. Musico MANILA, July 23 (PNA) — Senate President Franklin Drilon on Wednesday said the Senate inquiry into the Disbursement Acceleration Program (DAP) will be a good opportunity…

Akbayan pushes for legislative solution to Palace-SC impasse

By Sammy F. Martin MANILA, July 23 (PNA) — Akbayan party-list Rep. Barry Gutierrez on Wednesday urged his colleagues in Congress to work for the swift and immediate passage of…

President Aquino commemorates Apolinario Mabini’s 150th birth anniversary in Batangas

TANAUAN CITY, Batangas, July 23 (PNA) — President Benigno S. Aquino III on Wednesday led the commemoration of the 150th birth anniversary of Apolinario Mabini, whose contributions strengthened the foundation…

PHL remains committed to enacting Bangsamoro law

By Leslie D. Venzon MANILA, July 23 (PNA) — The government of the Philippines (GPH) and the Moro Islamic Liberation Front (MILF) remain committed to enacting the Bangsamoro Basic Law…

‘Glenda’ leaves 55,000 homeless Albayanos

By Rhaydz B. Barcia LEGAZPI CITY, July 22 (PNA)– Albay province was heavily affected by typhoon “Glenda” (internationally known as Rammasun) last July 14-15, and suffered severe damage with wind…

NegOcc town recipient of 4.6-hectare lot donation for teachers’ village

BACOLOD CITY, July 22 (PNA) –- The Municipality of Murcia in Negros Occidental received a 4.6-hectare lot donation from the Cuadra family that will be used as the site of…

Baguio Busol watershed survey nears complettion

BAGUIO CITY, July 22 (PNA) – The Department of Environment and Natural Resources (DENR) is now in the process of completing the survey needed to plot the perimeter fence of…

Iloilo braces for growing mutual fund investments

By Lydia C. Pendon ILOILO CITY, July 22 (PNA)– This southern city is bracing for the entry of mutual fund investment opportunities as Sun Life Asset Management Company Inc. (SLAMCI)…

7-yr PHL T-bond rate rise

MANILA, July 22 (PNA) – – Average rate of the Philippines’ seven-year Treasury bond rose to 3.742 percent during an auction by the Bureau of the Treasury (BTr) Tuesday. This…

Moody’s sees stable credit outlook for Asia Pacific; PHL to be insulated from projected China slowdown

By Joann Santiago MANILA, July 22 (PNA) – – Moody’s Investors Service sees the Philippines being insulated in the possible cooling of the Chinese economy. The Philippines, which is among…