Posted on March 24th, 2011 by Roy
The country temporarily bans chocolate milk products from Japan after the March 11 earthquake, although it was just a verbal order issued by Bureau of Animal Industry (BAI) Director Efren Nuestro. Philippines joins other countries like Russia, Canada, Australia and Singapore, among the list of countries which banned Japanese food imports as radioactive steam wafted [...]
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Posted on March 23rd, 2011 by Roy
The Department of Environment and Natural Resources (DENR) has ordered the closure of a sugar mill in Balayan, Batangas for its violations of Philippine environmental laws. A cease-and-desist order (CDO) has been issued by DENR Secretary Ramon Paje against Batangas Sugar Central Inc. for what he claimed were the company’s repeated violations of the Philippine [...]
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Posted on March 23rd, 2011 by Roy
Many were surprised, and dismayed, when a photo of a poster circulated on the web saying that poor people are not allowed in Greenbelt 4, a post mall in Makati City. The text on the poster read: “This is a private controlled environment. Poor people and other disturbing realities strictly prohibited. Thank you! Greenbelt 4 [...]
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Posted on March 23rd, 2011 by Roy
The Bangko Sentral ng Pilipinas (BSP) said that Banco Filipino Savings and Mortage Bank was engaged in high-risk, high-yield schemes to attract depositors. But when the withdrawals started getting heavy, the bank failed to meet its obligations.
“As long as people were putting in money, then the music continued for them,” BSP Deputy Governor Nestor Espenilla [...]
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Posted on March 23rd, 2011 by Roy
Nine senators signed the arrest/detention order issued by the blue ribbon committee headed by Senator Teofista Guingona III for former military comptroller Jacinto Ligot. For humanitarian consideration, his wife Erlinda Ligot was not included in the arrest order.
Those who signed the order were Guingona, Senate President Juan Ponce Enrile, Senators Gregorio Honasan, Franklin Drilon, Serge [...]
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Posted on March 23rd, 2011 by Roy
Upon the order of Senate President Juan Ponce Enrile, Senate doctors, led by Dr. Mariano Blancia Jr. went to the Ligot couple’s residence to check the true health status. They proceeded to house of the Ligots in an “undisclosed” location to check if their declaration of “being sick” were true.
The doctor said former military comptroller [...]
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Posted on March 23rd, 2011 by Roy
Trans-Asia Oil and Energy Development Corp., a publicly listed firm, recently signed a contract with SEM-Calaca Power Corp. for the purchase of Trans-Asia of power generated from the Consunji-led Calaca Power Corp. Trans-Asia, in its disclosure submitted to the Philippine Stock Exchange (PSE) said it signed on Wednesday the contract “to purchase generated energy,” which [...]
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Posted on March 23rd, 2011 by Roy
Citing health reasons in a letter sent by their lawyer, Rafael Zialcita, to the chairman of the committee, Senator Teofisto Guingona III, the controversial couple, former military comptroller Jacinto Ligot and wife, Erlinda, did not show today at the resumption of the Senate blue ribbon committee investigation into the alleged anomalies in the military.
The letter [...]
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Posted on March 23rd, 2011 by Roy
The Philippine government wasn’t able to do much to alleviate the plight of the three Filipinos who were caught for drug smuggling in China. They have been sentenced to death and the date of their execution would on March 30, 2011.
According to Department of Foreign Affairs (DFA) Spokesman Ed Malaya, the Fujian People’s Court and [...]
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Posted on March 22nd, 2011 by Roy
“Maharlika Board” or a separate trading board for the Philippines companies that comply with high governance standards is being planned by the Philippine Stock Exchange (PSE). If plans push through, the “Maharlika Board,” which will be the first of its kind in Asia, will start on September this year. It is part of the government’s [...]
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Posted on March 22nd, 2011 by Roy
While it is still processing the payment of deposit insurance to its depositors, the Philippine Deposit Insurance Corp. (PDIC) also started in its inventory of the assets of the closed Banco Filipino Savings and Mortgage Bank.
Officials of the closed bank, however, insists that it is not insolvent. It even went into having full-page advertisement in [...]
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Posted on March 22nd, 2011 by Roy
The Philippine Economic Zone Authority (PEZA) said, in spite of the tragedy that hit their country, Japanese firms in the Philippines will continue with their business operations here and will not be laying off any workers. The PEZA added that because of the twin disasters that hit Japan, these businesses are even prompted to transfer [...]
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Posted on March 22nd, 2011 by Roy
SkyCable allotted P1.5 billion funds for its capital expenditure for 2011 for its Cable Television (CATV) business. Half of the said amount will be used for the roll-out of its digital TV service nationwide and the other half for boosting its broadband subscriber growth, according to company marketing head Rodrigo Montinola.
A subsidiary of network giant [...]
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Posted on March 22nd, 2011 by Roy
The Angeles City Local Government has just boosted its capability in responding to people in times disaster with its acquisition of an emergency rescue vehicle and an ambulance. The newly-acquired vehicles, together with the other new rescue equipments, were presented by Angeles City Mayor Edgardo Pamintuan along with the members of the city council during [...]
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Posted on March 22nd, 2011 by Roy
The Asia Brewery, Inc. (ABI) donated 70,000 bottles of distilled water which were flown in by the Philippine Airlines (PAL) to Tokyo, Japan yesterday. This signals the start of PAL’s shipment of relief goods for the earthquake and tsunami victims in that country.
ABI sent Absolute bottled water having a total weight of 27 tons. They [...]
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Posted on March 22nd, 2011 by Roy
A group of foreign businessmen is expressed their support for the implement of an open-skies regime by the Aquino administration via Executive Order (EO) 29. The Joint Foreign Chambers says this would better allow market forces to come into play and ultimately boost tourist arrivals in the country. The group said that the policy was [...]
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Posted on March 21st, 2011 by Roy
As some small players reduced their prices of gasoline by P1 a liter last Monday, the big 3 oil firms in the country raised their diesel. Chevron Philippines, Pilipinas Shell Petroleum Corp., and Petron Corp. raised their by P0.60 per liter their diesel prices as of 6:00 a.m. on Tuesday.
However, just like their small players [...]
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Posted on March 21st, 2011 by Roy
The South East Asian Airlines (SEAIR), in partnership with the Animation Council of the Philippines, Inc. (ACPI) is granting Filipinos a chance to win a dream vacation package for two at one of the country’s best year-round destinations, Batanes.
The contest dubbed, “Animated Short Tails,” contest is open to all Filipinos. Registration for the contest is [...]
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Posted on March 21st, 2011 by Roy
After eight hours of marathon debates, the House of Representatives voted 212-46 for the impeachment of Ombudsman Merceditas Gutierrez. Four abstained from voting. The House impeached Gutierrez, eight months since the first of the two impeachment complaints was filed against her in July.
Among those who voted “no” were former president and now Pampanga Representative Gloria [...]
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Posted on March 20th, 2011 by Roy
The Bangko Sentral ng Pilipinas (BSP) issued closure order last for Banco Filipino Savings and Mortgage Bank and put it under receivership by the Philippine Deposit Insurance Corp. (PDIC) due to its capital deficiency.
Banco Filipino on Monday asked the Court of Appeals to the closure order of BSP. Perfecto Yasay, BF vice chairman and former [...]
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