State-lender Development Bank of the Philippines (DBP) is selling up to P5 billion worth of fixed-rate unsecured subordinated securities eligible as Tier 2 capital to boost its capital base and support various lending activities. Francisco del Rosario Jr., DBP president and chief executive officer, said that the Tier 2 notes will mature in 10.5 years […]
CITY OF SAN FERNANDO — The Pampanga Provincial Government announced Wednesday that Capitol’s Best Provincial Employment Services Office (Peso) has thousands of jobs for unemployed Kapampangans here and abroad. Meeting with municipal and barangay Peso managers at the Bren Z. Guiao Convention Center, the governor revealed that in cooperation with the Clark Development Corporation, Department […]
CITY OF SAN FERNANDO — The City of San Fernando Water District (CSFWD) will celebrate its 35th Founding Anniversary this March with a series of social programs and activities highlighting the service advocacies of the water utility. CSFWD general manager Jorge Gumba said the event this month includes a logo making contest on March 5 […]
Philippine share prices on Thursday breached the 5,000 level on expectations of policy rate reduction by the Bangko Sentral ng Pilipinas. At the Philippine Stock Exchange, the composite index added 40.96 points or 0.84 percent to close at 4,938.61, while the broader all-shares index gained 21.44 points or 0.65 percent to 3,327.80. Most of the […]
CLARK FREEPORT — The Clark International Airport Corporation clarified it did not drop the name of the late President Diosdado Macapagal in the airport, noting the resolution issued by the Board of the Clark Development Corporation in 2001 is “subject to required legislation.” “To put things in their proper perspective, in the first place the […]
GUAGUA — The Ronald McDonald House Charities (RMHC) turned over to local officials here Thursday its first Bahay Bulilit Day Care Center in Pampanga. In coordination with the local government headed by Mayor Ricardo Rivera, the RMHC built the day-care center in Barangay San Jose here to reach out to children residing in said village […]
MANILA, Philippines – Senate President Juan Ponce Enrile called Bangko Sentral ng Pilipinas (BSP) anti-money laundering expert Jerry Leal a liar and moved to cite him for contempt during yesterday’s inquiry into the alleged leak of documents on Chief Justice Renato Corona’s deposit accounts with Philippine Savings Bank (PSBank). Enrile made the accusation after Leal […]
The Department of Energy (DOE) assured oil companies that they will be reimbursed for tax payments on petroleum products coursed through and used in economic zones. Energy Secretary Jose Rene Almendras said that the government will pay back oil companies for petroleum products affected by a recent Bureau of Internal Revenue (BIR) order requiring them […]
MANILA, Philippines – Criminal Investigation and Detection Group chief Director Samuel Pagdilao Jr. ordered yesterday an investigation into reports of an extortion racket by CIDG personnel targeting Chinese living in Manila. According to reports, the CIDG’s Anti-Fraud and Commercial Crime Division (AFCCD) recently arrested on Feb. 23 a Chinese man in Ongpin on false drug […]
A plot to remove him from office purportedly by people who plundered government in the past and who would want to return to the “old system of graft and corruption” was bared by President Benigno Aquino 3rd himself on Thursday. In his speech during the 26th anniversary of the Presidential Security Group (PSG) at Malacañang […]