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PBCom takeover bid by Philtrust fails

PHILIPPINE NEWS SERVICE — The planned takeover of Philippine Bank of Communications failed after a major PBCom shareholder rejected a tender offer made by Philippine Trust Co. The deadline for…

RP surplus at 10-year high of $3.77b

PHILIPPINE NEWS SERVICE — The Philippines posted balance of payments surplus of $3.77 billion in 2006, the biggest since 1996 when it reported a surplus of over $4.1 billion, the…

Noli backs ‘Wednesday club’

PHILIPPINE NEWS SERVICE — Vice President Noli de Castro vowed support for the four members of the Senate’s Wednesday Club who are seeking re-election in May. “I will support the…

GMA to smash terrorism with ‘hand of steel’

PHILIPPINE NEWS SERVICE — PRESIDENT Macapagal-Arroyo yesterday hailed as “another milestone in the campaign against terror” the killing of Abu Sayyaf leader Abu Solaiman even as she vowed to use…

Puno wants to run for Antipolo House seat

PHILIPPINE NEWS SERVICE — TOUTED as the most successful campaign manager in Philippine politics, Department of the Interior and Local Government Secretary Ronaldo V. Puno would be soon leaving his…

Stockholders approved BdO-Equitable merger

PHILIPPINE NEWS SERVICE — Stockholders of Banco de Oro Universal Bank and Equitable PCI Bank yesterday approved the proposed merger of the two banks in separate meetings at the Makati…

Pacquiao named ‘Fighter of the Year’

PHILIPPINE NEWS SERVICE — THE Philippines’ pride Manny Pacquiao highlights the big year of professional boxing as he was chosen Fighter Of The Year by an online media entity BoxingScene.com….

Peso continues advance vs US dollar

PHILIPPINE NEWS SERVICE — The peso yesterday surged to another near six-year high against the US dollar as heavy remittance flows and foreign portfolio investments outweighed thin corporate demand. The…

With Japan’s entertainment industry down, PAL flies low

Benigno D. Tutor, Jr. Even with his years of experience at the helm of PAL’s domestic and international offices, newly designated country manager for Japan Danilo “Danny” Lim admits that the horizon doesn’t…

Albay reconstruction to take years

PHILIPPINE NEWS SERVICE — Shops are reopening and telephone lines are back up, but reconstruction in the impoverished Albay could take years, officials say. President Gloria Arroyo, who made a…

RP not doing good in Kuwait vs SEA Games rivals

PHILIPPINE NEWS SERVICE — ALMOST all Southeast Asian Games powerhouses have made it to the medal scoreboard, except for the reigning and defending champion. Seven days into the 15th Asian…

Japan’s tough hiring requirements peril JPEPA

PHILIPPINE NEWS SERVICE — SENATE Minority Leader Aquilino Pimentel Jr. yesterday warned that if the requirements imposed by Japan on Filipino health workers turn out to be difficult to comply…

Amending Charter can be done before polls

PHILIPPINE NEWS SERVICE — MALACAÑANG yesterday rejected calls to postpone amendments to the Constitution until after the May 2007 elections. Presidential adviser on political affairs Gabriel Claudio said Charter Change…

Party-list wants showbiz stars barred from elections

PHILIPPINE NEWS SERVICE — A PARTY-LIST group is urging the Supreme Court to stop showbiz personalities turned politicians from appearing in movies and television shows and to ban them from…

Graft court to look into Erap son’s bank

PHILIPPINE NEWS SERVICE — The Supreme Court has given the Sandiganbayan the green light to examine the bank accounts of San Juan Mayor Joseph Victor Ejercito at the Export and…