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Peso recovers, stocks down

By Joann Santiago MANILA, Aug. 29 (PNA) — The Philippine peso recovered to a US dollar after dipping a day ago while the local bourse ended the week on the…

Bank lending expands further in July

MANILA, Aug. 29 (PNA) — Outstanding loans of commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), grew at a faster rate of 21.8…

Cebu beauty products maker invests P50M on new plant as demand rises

CEBU CITY, Aug. 29 (PNA) — Cebu-based beauty care product maker GT Cosmetics Manufacturing is investing P50 million on a new soap plant in the northern Cebu town of Liloan…

PHL government sustains rise in revenues in July ‘14

By Joann Santiago MANILA, Aug. 29 (PNA) — The government’s revenue collection sustained its rise in July 2014 when it increased by 15 percent year-on-year to P166.7 billion from the…

Q3 ’14 business sentiment remains upbeat –BSP survey

By Joann Santiago MANILA, Aug. 29 (PNA) — Business confidence in the Philippines in the third quarter of 2014 remains positive despite additional concerns among the business sector. The result…

State prosecutors indict three ex-RHPU 7 cops for ambush-slay of Cebu lawyer

CEBU CITY, Aug. 29 (PNA) — State prosecutors have recommended the filing of criminal cases against three former Regional Highway Patrol Unit (RHPU) 7 officials tagged in the ambush-slaying of…

Tacloban PESO gets PHP 6M fund for small business recovery

TACLOBAN CITY, Aug. 29 (PNA) — The Public Employment Service Office (PESO) in this city got an initial budget of PHP 6 million in the provision of livelihood for city…

Calbayog City gears for September mass immunization

By Jen S. Allegado CALBAYOG CITY, Aug 29 (PNA) — The health department of this city is now ready for the month-long measles rubella – oral polio vaccine mass immunization…

Bicol University joins DOST’s graduate scholarship offering program

By Danny O. Calleja LEGAZPI CITY, Aug. 29 (PNA) – The Bicol University (BU), the region’s premier higher education institution with main campuses here, is now among the Science Education…

Filipino peacekeepers in Golan Heights stand-off well-armed – AFP

MANILA, Aug. 29 (PNA) — The Armed Forces of the Philippines (AFP) on Friday said that the Filipino peacekeepers, involved in the Golan Heights stand-off with Syrian rebels, are a…

BIR padlocks popular food establishment in Manila

MANILA, Aug. 29 (PNA) — The Bureau of Internal Revenue (BIR) on Friday closed a popular food establishment in Sta.Cruz, Manila for violating the provisions of the National Internal Revenue…

(Update) Rainy weather over Luzon, Visayas to continue until Saturday

MANILA, Aug. 29 (PNA) – The low-pressure area (LPA) off Palawan will continue to dump rains over Luzon and the Visayas in the next 24 hours, the state weather bureau…

DepEd, NCCT call for entries for 6th Cinepambata Video Festival

MANILA, Aug. 29 (PNA) — The Department of Education (DepEd) supports the National Council for Children’s Television (NCCT) in its continuous promotion of children’s rights and Filipino values through its…

Stand-off in Golan Heights justifies PHL decision to pullout military contingent –DND

By Priam F. Nepomuceno MANILA, Aug. 29 (PNA) — Department of National Defense (DND) Undersecretary for Defense Operations Natalio Ecarma said on Friday the ongoing stand-off between 75 Filipino peacekeepers…

BSP eyes possible breaching of full-year inflation target in August ‘14

By Joann Santiago MANILA, Aug. 28 (PNA) — Faster rate of price increases of some food items and power rates due to weather-related factors were projected to make the August…