STI Investments Inc. is planning to increase its capital as it prepares to acquire the pre-need and healthcare units of Philippine American Life and General Insurance Co. (Philamlife) that is why if filed for a hike in its capital stock.

The United Nations Secretary, through its Secretary General Ban Ki-moon gave assurance to the Philippine government of international humanitarian assistance to the country in the wake of the widespread and massive devastation caused by typhoon Ondoy over the weekend.

Super Typhoon Pepeng (Parma: International Codename) is set to land on the Philippines terrain this Saturday afternoon October 3, 2009 bringing strong winds and rains to Northern Luzon with gusts upto 230 KPH.

It was sighted 440 KM east of Catarman, Northern Samar as of 5 PM today and is moving 24 KPH going to Northern [...]

Recently, nine Korean companies went to the Philippines for the Philippine-Korea clean development mechanism/renewable energy (CDM/RE) projects forum which was organized by the Korea Trade (Kotra) Center. The Korean companies also scouted for renewable and alternative energy projects in country when they were here. They were also looking for local partners.

On Saturday, October 3, 2009, there would be a whole day seminar on mushroom production to be given by Teddy Laurie, an expert in producing spawns as well as growing the crop. He will conduct the seminar right at the AANI Urban Farm at Kingsville Court, Antipolo City where he has put a facility to [...]

The business process outsourcing (BPO) service providers in the Philippines are urged by the chairman of the House committee on information communications technology to donate computers under the Adopt-a-School Program and avail themselves of gainful tax benefits in return.

The Civil Aviation Authority of the Philippines (CAAP), a government agency mandated to keep aviation facilities safe from structural obstruction near international airport, recently approved the applications of new investors to construct 32 buildings near the Diosdado Macapagal International Airport (DMIA) inside Clark Special Economic (CZES).

To help victims of tropical storm Ondoy, the Government Service Insurance System (GSIS) said it is allotting P5 billion in emergency loans. The announcement was made by GSIS president Winston F. Garcia on Tuesday. The GSIS said member could apply for the emergency loans starting October 1.

Last week, the Union Bank of the Philippines (Unionbank) also went into capital-raising effort as it started offering unsecure subordinated notes to investors to beef up its capital by P5 billion, in order to lift is capital adequacy ratio (CAR) to a more comfortable level that would allow it to absorb more risk through aggressive [...]

Members of the Iloilo Federation for Information Technology (IFIT) and the stakeholders of the information technology (IT) industry in the province gathered last Monday for the start of the annual IT week celebration. The celebration was spearheaded by IFIT , in cooperation with the provincial and city government of Iloilo.

On October 2 to 6, Capiz celebrates Dungog: Indigenous People’s (IP) Festival. The provincial government takes the festival as an opportunity to showcase the province’s distinct hospitality, unique culture and captivating sceneries. This was relayed by Capiz Gov. Victor A. Tanco Sr. during the festival’s press conference, adding that the time has come for the [...]

Coffee farming industry in the Philippines is getting a big boost as Figaro Coffee Systems Inc., a Filipino-owned coffee chain, is encouraging the revival of coffee farming in the country’s mountain areas. Figaro Coffee said that more players in the coffee industry are now sourcing their coffee bean supply requirement from local coffee growers, many [...]

The Philippines received more international assistance for the victims of tropical storm Ondoy. This time, it’s from the European Commission (EC), the executive arm of the European Union, who has given 2 million euros or equivalent to about P140 million. This is so far the biggest amount of international help that the country has received.

The government assured that there is enough supply of rice for the country, despite damages of crops brought about by tropical storm Ondoy. The Department of Agriculture (DA) said that the National Food Authority (NFA) has more than a month’s worth of inventory in stock. It also said that considering the current inventories carried by [...]

You don’t know when accidents or disasters will come to you, that is why there is better time to look for insurance companies than the present. You need to protect yourself, your families, your properties, your health and your future. And getting insurance is one of the best way of getting this protection. We don’t [...]

Local tile manufacturer Mariwasa Siam Ceramics Inc. was recently awarded by the Department of Energy two certificates of registration for its biomass project, which will make use of biomass residues such as rice husk, saw dust and coconut husk in power generation. The DOE said Mariwasa will make use of the biomass gasification technology, where [...]

One of ways being mentioned as means to send donations to the victims of tropical storm Ondoy is via money transfer through the cellphone. To encourage our countrymen to utilize this channel and gather more help for the victims, Smart Communication and Globe Telecoms have exempted the transaction from service charges.

A rollback on fuel prices has been enforced by major oil player Pilipinas Shell last Monday. The rollback which came in the aftermath tropical storm Ondoy’s wrath that left most of Luzon swamped in flood, took effect at 6 p.m. on Monday. Shell has cut P1 off every liter of gasoline and 50 centavos off [...]

Bicolano businessman Elizaldy S. Co, with his real estate arm, Misibis Land Inc., is investing P1.6 billion to develop the 51,000 square meters Embarcadero fronting Albay Bay and with a commanding view of the famous Mayon Volcano.

The Bangko Sentral ng Pilipinas (BSP) reported that many private companies in the Philippines were able to pay their foreign loans ahead of maturity, and this was because of the continued strengthening of the peso.