News

Canadian stock market slips as resources shares lose ground

TORONTO — Canada’s main stock market slipped slightly Wednesday with the gains of financial stocks overpowered by the losses in resources shares. Toronto Stock Exchange’s benchmark S&P/TSX Composite Index was down 16.56 points or 0.11 percent to 15,602.65 points. Even with Wednesday’s setback, the main Canadian stock market has logged a solid growth of 15 …

Government working to improve MRT, LRT services — Palace

MANILA — The government is paying close attention to the problems of the Metro Rail Transit (MRT) and the Light Rail Transit (LRT) to ensure the best service to commuters, a Malacanang official said on Wednesday. “That is the reason why talagang inaasikaso ngayon ito. ‘Yung maintenance pinag-aaralan. Matatapos na yata ‘yung maintenance ng bagong …

DOT to meet owners of hotels, lodging houses for papal visit, 2015 campaign

TACLOBAN CITY — The Department of Tourism (DOT) will meet officials from the local hospitality industry next week to tackle preparations for the upcoming visit of Pope Francis and Visit Philippines Year 2015. Verna Vargas, DOT regional accreditation officer, said that this is going to be the first meeting with owners of hotels and lodging …

LRT-1 operations did not ‘stop’ despite glitch, official clarifies

MANILA — Despite one of the Light Rail Transit (LRT) 1 trains experiencing a glitch in its signaling unit on Wednesday morning, operations did not exactly come to a complete stop, an official clarified. It was reported that one of the LRT-1 trains stalled, being unable to move forward. This led the management to decide …

VP Binay appoints NP ally as his spokesman

MANILA — Vice President Jejomar Binay has appointed Nacionalista Party (NP) ally Cavite Gov. Jonvic Remulla as his spokesman for the 2016 national and local elections. ”I will speak in behalf of the Vice President,” said Remulla, whose appointment was revealed during Binay’s press conference on Wednesday on the alleged overpriced Makati City Hall Building …

DepEd aims for single-shifting in all NCR public schools by June 2015

MANILA — The Department of Education (DepEd) is pushing for its target to implement single- shifting for all National Capital Region (NCR) public elementary and secondary schools by June 2015. During a ceremonial turnover of new classrooms in Mandaluyong City on Wednesday, DepEd Secretary Armin Luistro said he hopes for Mandaluyong to be the first city …

Sy tops richest list in PH

MANILA — Mall tycoon Henry Sy tops the list of 50 richest Filipinos for 2014, according to Forbes magazine. Sy, who owns all the SM malls across the country, has a net worth of US$ 12.7 billion. He is followed by businessman and Philippine Airlines’ owner Lucio Tan who has US$ 6.1 billion, while Enrique …

Binay hits back, attacks administration allies

MANILA — Vice President Jejomar Binay on Wednesday singled out the allies of the administration for allegedly crafting political attacks against him. The statement was made following former Makati City Vice Mayor Ernesto Mercado’s accusations involving Binay in the overpriced P2.28-billion Makati City Hall Parking Building. Mercado impliedly said in a Senate inquiry that Binay …

‘Rest, there are other good people’ – Bernas to PNoy

MANILA – Jesuit priest Joaquin Bernas, a member of the 1986 Constitutional Commission, advised the president to rest and let other “good people” take over. “I’ll say, ‘Rest, there are other good people,’” Bernas, a Philippine Daily Inquirer columnist, said in an interview on ANC on Tuesday. Bernas made the statement after being asked about …

Villar, possible 2016 running mate for Binay

MANILA, Philippines – In preparation for his presidential candidacy in 2016, Vice President Jejomar Binay has announced that he is mulling over the idea of having former senator Manuel Villar as his running mate. Binay, who ran under the opposition United Nationalist Alliance (UNA) in 2010, likewise revealed that he will be kicking-off a new …