Top News

Peso weakness no cause for worry, says BSP chief

There is no worry in the peso value despite its nearly 11-year low close to a greenback last Thursday when it finished at 50.67 per $1 from 50.60 a day ago and already near its 50.73 record close on Sept.1, 2006, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said.

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Government infra buildup bid secures key financing

By Riza Lozada  The Asian Development Bank (ADB) is ready to assist the government to deliver on its ambitious Build, Build, Build infrastructure program, including a $100 million loan to fast track priority projects in transport and water system management, ADB President Takehiko Nakao said. 

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Pagcor distributes relief goods for Marawi evacuees

Iligan City – Some of 5,000 families displaced by the ongoing armed conflict in Marawi City received much-needed provisions from state gaming firm Philippine Amusement and Gaming Corp. (PAGCOR). 

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Biazon urges government to quantify smuggling

By Gia Catimbang  The government must take into account off-the-radar information such as the value of smuggled goods in its statistics to have a full picture of the economic situation, former Customs Commissioner Ruffy Biazon said in the recent Kapihan Sa Manila Hotel forum. 

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SMFI active in wings to back Marawi heroes

Soldiers—many of them in their 20s to early 30s– are rushed daily to V. Luna Medical Center from Marawi, wounded from shrapnel, snipers, mortars, IEDs and even land mines but their spirits are high and they are determined to even the score with the enemies. 

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Government execs meet to firm up Bangon Marawi plan

Member agencies of Task Force “Bangon Marawi” met last Friday to discuss the various recovery plans for the war-torn city. 

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Filipinos to have national ID by 2020, says DOF exec

The government targets 2020 for its plan to issue a national ID system in a bid to further improve the delivery of services and ensure that recipients of state financial aids will securely receive it. 

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Philex lists P400M CSR project in 5 yrs

Listed miner Philex Mining Corp. has allotted more than P400 million to fund various projects under its Social Development Management Program (SDMP) over the last five years, according to the company’s 2016 Annual Report. 

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Manila Water ropes major Quill awards

Ayala-led Manila Water received major awards anew at the recently-held 15th Philippine Quill Awards held last June 5 at the Marriott Grand Ballroom, Newport City. 

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BI tightens policy vs illegal entries

The Bureau of Immigration (BI) recently ordered its personnel to strictly enforce its policy declaring as off-limits to unauthorized persons its immigration areas in all the international airports nationwide and prohibiting the giving of VIP treatment to passengers. 

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