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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…

Cebu bridge cities’ mayors report robust economic growth

CEBU CITY, Aug. 28 (PNA) — The mayors of Cebu’s so-called “bridge cities,” Mandaue and Lapu-Lapu, have reported robust economic growth in their respective cities over the past 12 months….

Profit-taking rules local bourse, currency trading

MANILA, Aug 28 (PNA) — The government on Friday reported an improvement in Philippines’ output but the peso and the local bourse posted losses after investors took profit. The Philippine…

RCBC ends offer period for re-opened Tier 2 Note

MANILA, Aug. 28 (PNA) — Strong demand for Rizal Commercial Banking Corporation’s (RCBC) re-opened 10-year unsecured unsubordinated Tier 2 Notes made the bank close the offer period for the debt…

Region 1 remains peaceful, conducive to growth and investments

DAGUPAN CITY Aug. 28 (PNA)– Region 1 remains generally peaceful and favorable for economic growth and investments even if motorcycle riding criminals continue to be the major concerns of the…

Sorsogon village dad electrocuted while fixing power line

LEGAZPI CITY, Aug. 28 (PNA) — A village councilor was electrocuted while fixing the electrical line of a constituent in Bacon, Sorsogon on Wednesday afternoon. A police report stated that…

We’re winning the peace in Negros Occidental –- Army

BACOLOD CITY, August 28 (PNA) –- The chief of the Philippine Army in Negros Occidental has declared that they are “winning the peace” in the province. Col. Jon Aying, commander…

More prosecutors needed in Western Visayas, says state prosecutor

ILOILO CITY, Aug. 28 (PNA) — Five new state prosecutors have been added to the roster of the Regional State Prosecutor’s Office in Western Visayas, but Regional StateProsecutor Domingo Laurea,…

Lawmaker says empowering informal settlers can address big housing backlog

By Sammy F. Martin MANILA, Aug. 28 (PNA) — A senior House of Representatives official said on Thursday that empowering the informal settlers by providing them financial assistance can address…

(Update) LPA continues to bring rains in PHL until Friday – PAGASA

MANILA, Aug. 28 (PNA) — Most parts of the country will continue to experience cloudy skies with light to moderate rainshowers in the next 24 hours due to the low-pressure…

DND chief says PHL using international networks to verify ISIS recruitment report

By Priam F. Nepomuceno MANILA, Aug. 28 (PNA) — Department of National Defense (DND) Secretary Voltaire Gazmin announced Thursday that the country is using its international networks to determine the…

President Aquino to push for stronger trade ties, raise awareness on climate change in upcoming European, U.S. trips

MANILA, Aug. 28 (PNA) — President Benigno S. Aquino III said he would push for stronger trade relations, as well as raise awareness on climate change when he embarks on…

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…