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SOCIAL Security System (SSS) collections from members within Central Luzon grew 14 percent in the first seven months of this year compared to last year as jobs also expanded in the region. SSS assistant vice president for Central Luzon Vilma Agapito said their collections reached P2.4 billion as of July…

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The Department of Public Works and Highways (DPWH) said 22 companies have signified their interest in bidding for the P122.8-billion Laguna Lakeshore Expressway-Dike (LLED) project. The DPWH alsoannounced a new timetable for the submission of proposals for the biggest public-private partnership (PPP) infrastructure development to date. In changing the bidding…

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Phoenix Petroleum Philippines Inc. has secured approval from the Securities and Exchange Commission (SEC) for the issuance of P2 billion worth of short-term commercial papers (STCP) to raise capital for its expansion projects. In a disclosure to the Philippine Stock Exchange (PSE), Phoenix Petroleum said that it will offer the…

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TOKYO: Toyota said on Wednesday it is recalling 1.75 million vehicles globally over brake problems and other glitches that posed a fire risk, marking the latest in a string of call backs by the world’s biggest automaker. The Japanese giant pointed to three problems in several models including its luxury…


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AS part of its fund-raising activities, Del Monte Pacific Ltd. (DMPL) has priced a follow-on offering of 5.5 million common shares at P17 per share. In a disclosure to the Philippine Stock Exchange (PSE), DMPL said its board of directors approved the follow on price at P17 per share, which…

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Earlier this week, a video recorded during the launch ceremony for the Sunchamp Agri-Tourism Park in Batangas was posted on YouTube. The clip, not quite two minutes long, shows Senator Antonio “Sonny” Trillanes IV offering congratulations to his “good friend” Tony Tiu, the founder and CEO of Agrinuture Inc. (ANI),…

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As part of its 56th anniversary, the Social Security System (SSS) yesterday on Monday launched its Livelihood Bazaar and Exhibit, a five-day bazaar which the SSS said provides a chance for cooperatives and informal sector groups (ISG) to market their products. Around 26 cooperatives and ISGs, nine of them from…

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SENIOR leaders of the former Muslim rebel group Moro National Liberation Front (MNLF) have passed a resolution asking Manila to recall its note verbales with the Organization of Islamic Cooperation for the closure of the tripartite review of the peace accord it signed with the Philippine government in 1996. The…

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The National Economic Development Authority (NEDA) director general said that the Philippines is becoming more of an “investment-led and industrialized” economy, shifting from being consumer-centric to more of a producing and manufacturing economy. NEDA Director General and Socioeconomic Planning Secretary Arsenio Balisacan said that the country is “in the process…

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Amid reports of Malacañang’s “distrust” at the National Bureau of Investigation (NBI), a Palace official clarified on Monday that the problem with the office is not institutional but some individuals who are “less trustworthy.” Palace Spokesman Edwin Lacierda said in a press briefing that President Benigno Aquino 3rd shares his…

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COMMERCIAL bank Philippines Veterans Bank (PVB) launched its new innovative and value-added service called Veteran Teller All-in-One ATM/ID Card that can be used to perform various banking transactions. In a statement, PVB said that the launching of the multi-functional card is part of its business expansion plan for the remainder…

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The Bangko Sentral ng Pilipinas (BSP) reminded banks and non-bank financial institutions to secure an opinion from the Monetary Board (MB) before releasing loans to local governments. In a statement on Monday, the BSP said that “local governments units (LGUs) planning to borrow funds from domestic sources need to request…