Business

By
0

The Monetary Board (MB) placed another rural bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC) on Friday. By virtue of MB Resolution 823 dated May 23, 2013, the PDIC took over the Cooperative Rural Bank of Bulacan, an 18-unit bank with head office in Plaridel. In a…

By
0

A fake group pretending to be National Grid Corp. of the Philippines (NGCP) personnel has been roaming around the Zamboanga area to victimize residents with a strategic scam concerning right-of-way (ROW) claims. In a statement, NGCP said that it is warning the public of a proliferating systematized scam in the…

By
0

Taking product customization to the next level, Globe launches its MySuperPlan, a next-generation postpaid plan with new features that will allow subscribers to further customize and personalize their postpaid plans. “Now is definitely the best time to get a postpaid plan from Globe with our best-ever MySuperPlan, a next-level postpaid…

By
0

Promising to deliver affordable quality health care to Filipinos, PhilhealthCare Inc. (PhilCare) recently forged partnership with BDO Insurance Brokers Inc. (BDOI) to make its Health Buddy Cards more accessible to consumers. Under the agreement, BDOI paves the way for PhilCare’s Health Buddy Cards to be available at SM malls within…

By
0

RE Putting the Mindanao Power Agenda on top of its pursuits, the Association of Mindanao Rural Electric Cooperatives Inc. (Amreco) is convening key stakeholders of the island’s power sector to push for immediate and long-term strategies that will address the region’s power issues. Slated from May 27 to 28 in…

By
0

With investors’ attention still on unsteady overseas markets, the local stock market plunged further in the red toward in the last trading session for the week. Jun Calaycay, Accord Capital Equities Corp. analyst, said the rush of negative news in the last two days and a tepid movements in US…

By
0

HONG KONG: Asian markets were mixed on Friday in rollercoaster trade after routs sparked in part by fears of tighter US monetary policy, with Tokyo ending higher a day after suffering its worst drop since the March 2011 quake-tsunami disaster. Regional markets swung wildly after falling on Thursday on indications…

By
0

SEOUL: A South Korean government commission will probe a $20-billion effort to dredge, dam and beautify four major rivers, since the project has been tainted by charges of environmental damage, cost-overruns and corruption. A statement from the Prime Minister’s Office on Friday said that 20 officials and experts would be…

By
0

NEW YORK CITY: Chinese regulators have approved the Boeing 787 to fly in the country, Boeing said on Thursday (Friday in Manila), a move that opens up a large potential market to the US aerospace giant. “I can confirm that the Civil Aviation Administration of China has granted type certification…

By
0

UNITED NATIONS: The world economy should start to make a weak recovery this year, but the United Nations (UN) said on Thursday (Friday in Manila) that Japan faces “risks” with its pump-priming spending and saw no end to Europe’s unemployment agony. The UN revised downward its forecast for the world…