Creation of OFW agency sought after tragedies
A CONGRESSMAN on Friday renewed his call for the creation of a Department of Filipinos Overseas and Foreign Employment after the latest tragedies involving Filipino workers in Kuwait and Singapore.
Mindanao still under state of emergency, Palace says
THE Mindanao region remains under a state of national emergency even as martial rule expired on Dec. 31, presidential spokesman Salvador S. Panelo said on Friday.
High court rejects lawsuits vs EDSA bus ban
THE Supreme Court has dismissed several lawsuits seeking to stop the government from banning provincial buses from the main EDSA highway.
Aboitiz holding firm plans to offer dollar-denominated notes
ABOITIZ Equity Ventures, Inc. (AEV) is planning to issue dollar-denominated senior unsecured notes “subject to market conditions,” the holding said on Friday as one of its units appointed financial institutions to arrange events for investors on the proposed offering.
Lopez firm appeals order to pay P1.2 billion in tax case
FIRST Philippine Holdings Corp. (FPH) said on Friday that it intends to ask within the day the Court of Tax Appeals (CTA) to reconsider its decision that granted in part the Lopez-led firm’s petition for review to protest a tax assessment of around P1.5 billion.
Petron starts fuel marking in refinery, import facility
PETRON CORP., the country’s largest oil refiner, said on Friday that it had rolled out fuel marking at its refinery in Bataan and its import facility in Misamis Oriental to support the government’s efforts to curb smuggling.
DA confirms ASF in QC supermarket meat display
THE Department of Agriculture (DA) said Friday it has confirmed a case of African Swine Fever (ASF) in a Quezon City meat dealer’s produce chiller.
Kaliwa Dam waiver, arbitration terms onerous, legislator says
A HOUSE official spelled out what he described as onerous provisions in the China-funded Kaliwa Dam project agreement, including the waiver of sovereign immunity and the conditions set for any arbitration proceeding.
Tarlac provincial gov’t to take up 52 hectares of New Clark City
THE Tarlac provincial government will establish offices and other facilities in New Clark City, Capas, Tarlac.
Union Bank wins approval for tier-2 note issue of up to P20-B
UNION BANK of the Philippines, Inc. said it received approval from the Bangko Sentral ng Pilipinas (BSP) to issue up to P20 billion worth of notes.
Closed rural bank’s creditors urged to file claims
CREDITORS of the defunct Maximum Savings Bank have been invited to submit their claims against the bank’s assets, the Philippine Deposit Insurance Corp. (PDIC) said.
Peso weakens sharply on threat of widening US-Iran tensions
THE PESO weakened sharply past the P51-to-the-dollar level following a rush to safe-haven currencies due to the prospect of fresh Middle Eastern tensions after a US air strike killed a senior Iranian military officer while he was in Iraq.