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DOF: PH set to sign deal agreement for Asia Region Funds Passport

MANILA – The Department of Finance (DOF) on Thursday said country is scheduled to sign a regional agreement that will improve the circulation of investment funds in Asia-Pacific countries. Officer-in-charge at DOF’s International Finance Group Neil Adrian Cabiles said that the country has plans to sign the statement of understanding for the Asia Region Funds …

Meralco to spend P40M for System Control Center

MANILA – In a bid to improve its services and resolve outages, the country’s biggest power distributor Manila Electric Co. (Meralco) has invested P40 million to upgrade its System Control Center. According to Meralco vice president and head of networks Ronnie Aperocho, the upgrades will give the company complete visibility on its franchise area and …

Roxas: There’s time to find running mate

MANILA – Presidential standard-bearer of the Liberal Party Interior Secretary Mar Roxas said that there is still enough time for him to select and name a running mate. He said he still has plenty of time given that the filing of candidacy certificates will end on Oct. 12. “But we will arrive there and when …

China-made MRT trains to go through tests

MANILA – The assembly of the prototype trains for the Metro Rail Transit Line 3 (MRT 3) has started, ahead of the government’s plans of taking deliveries of new car trains by early 2016. Created by Chinese train maker CNR Dalian Locomotive and Rolling Stock Co., the prototype was delivered to the train depot of the …

Gov’t postpones subway project bidding

MANILA – The Filipinos will have to wait until 2016 to have its first subway line after the government announced on Wednesday that they “postponed” the bidding of the said project. The subway line will run from Makati City to Bonifacio Global City (BGC) in Taguig. “We will postpone it because the DOTC already has …

IMF: PH growth slower than expected

MANILA –The International Monetary Fund (IMF) on Wednesday said that the economic growth of the Philippines is slower than what the agency had originally anticipated. “The second-quarter growth is broadly in line with what we expected, but the first quarter got revised a little so the forecast would somewhat be affected,” said IMF resident representative …

Get ready for ASAP 20 in London

MANILA – The country’s longest-running variety show ASAP will rock London for their 20th anniversary in London. Slated on September 6, ASAP will bring not only the country’s biggest celebrities, but have also invited some of the biggest acts from the worldwide scene. ABS-CBN Managing Director of Europe, Middle East and Africa (EMEA) Kai V. …

ABS-CBN, GMA claims ratings lead

MANILA – Both ABS-CBN Corp. and GMA Network Inc. claimed television (TV) ratings lead last August. Quoting data from Kantar Media, ABS-CBN revealed in a statement that their station got 45 percent in TV viewership ratings last month, higher than GMA’s 35 percent. The Kapamilya Network also claimed that they dominated key territories in Luzon …

New pork barrel scam involves 20 lawmakers

MANILA – Twenty current and former lawmakers, which includes Senators Juan Ponce Enrile and Ramon Revilla Jr., ex Sen. Edgardo Angara, are accused of channeling about P500 million from their pork barrel allocations to dubious nongovernment organizations (NGOs). This information was revealed through documents given to the Philippine Daily Inquirer. The documents were part of …

Villar chides NTC for failing to stop text scams

MANILA – Sen. Cynthia Villar scolded officials of the National Telecommunications Commission (NTC) on Wednesday for failing to put a stop to text messages scam that victimized both subscribers and even the senator’s own foundation. “I am quite sure that a number of us have received scam messages disguised as raffle winnings, promotional advertisements or …

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