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PSE updates its index composition

MANILA, Aug. 27 (PNA) — The Philippine Stock Exchange (PSE) announced that effective September 15, 2014, Emperador, Inc. (EMP) will be a member of the 30 stock PSE index (PSEi),…

Cosco Capital acquires Liquigaz stake for USD 80 M

By Juzel L. Danganan MANILA, Aug. 27 (PNA) – Cosco Capital Inc has completed its USD 80 million payment to PR Gaz Inc, for the 90 percent stake of Liquigaz…

RCBC confirms talks with Cathay Financial Holdings Co.

MANILA, Aug. 27 (PNA) — Yuchengco-led Rizal Commercial Banking Corporation (RCBC) on Wednesday confirmed a news report that it is in discussion with Taiwan’s largest financial group, Cathay Financial Holdings…

Pagadian City holds bomb awareness education campaign

PAGADIAN CITY, Zamboanga del Sur, Aug. 27 (PNA) — The week-long bomb awareness education campaign in a bid to thwart bomb plots by lawless elements reeled off Wednesday in this…

Feasibility study on Burnham Park development pushes through

BAGUIO CITY, August 27 (PNA) -– The conduct of a feasibility study will push through to be used as a reference in future development plans at Burnham Park in Baguio…

4 drug dealers arrested in Pampanga

CITY OF SAN FERNANDO, Pampanga, Aug. 27 (PNA) — Four suspected drug dealers were arrested Monday in a buy-bust operation conducted by Provincial Anti-Illegal Drugs Special Operations Task Group (PAIDSOTG),…

SC stops rehabilitation of cash-strapped CAP

By Perfecto T. Raymundo Jr. MANILA, Aug. 27 (PNA) — The Supreme Court (SC) has stopped the implementation of the three-year extension and modification of the rehabilitation plan of the…

No basis to impeach the President, people still supportive of ‘daang matuwid’ agenda, says official

MANILA, Aug. 27 (PNA) — The Palace believes there is no basis for the impeachment complaints filed against President Benigno S. Aquino III, whose reform agenda still has the support…

House okays bill protecting persons displaced by natural calamities, armed conflicts

MANILA, Aug. 27 (PNA) — The Internally Displaced Persons (IDP) Bill protecting the rights and welfare of persons displaced by natural calamities and armed conflicts has been approved on third…

DepEd aims for single-shifting in all NCR public schools by June 2015

MANILA, Aug. 27 (PNA) — The Department of Education (DepEd) is pushing for its target to implement single- shifting for all National Capital Region (NCR) public elementary and secondary schools…

Peso, stocks up as investors turn more bullish on the low-interest rate regime

By Joann Santiago MANILA, Aug 26 (PNA) — Uncertainty on when the Federal Reserve will hike its key rates buoyed the Philippine peso and the local bourse Tuesday, a late…

Bacman Geothermal Project Unit 2 operational by October

By Juzel L. Danganan MANILA, Aug. 26 (PNA) — Energy Development Corporation’s (EDC) Bacman Unit 2 is projected to be fully operational by October 2014, after its “permanent fix” due…

City council approves hike in real properties by 30%

ILOILO CITY, Aug. 26 (PNA) –- The city council here had approved en toto on Tuesday the proposed increase in the assessment levels of real properties slated to take effect…

Tacloban City’s executive and legislative offices complement efforts to help Yolanda survivors

TACLOBAN CITY, Aug. 26 (PNA) — The executive and legislative branches of the city government here are one in ensuring that their constituents affected by super typhoon Yolanda are being…

Christian church to extend livelihood projects to ‘Yolanda’ victims

TACLOBAN CITY, Aug. 26 (PNA) -– The Harvest Evangelical Free Church will implement various livelihood programs in this city to help super typhoon “Yolanda” (Haiyan) victims rebuild their shattered lives….