Splash Corporation reported its profit up to 500 percent to P144 million in 2010 from P23.74 million in 2009. The leading personal care manufacturer reported to the Philippine Stock Exchange that its big financial figures last year can be attributed to its strong performance across all its business segments – domestic, international and direct selling.
Splash [...]

The Supreme Court (SC), in their last summer session in Baguio City, upheld the constitutionality of laws passed by the 11th Congress on the cityhood of 16 municipalities. The SC justices kept their 7-6 vote, dismissing the appeal of the League of Cities of the Philippines (LCP) that various cityhood laws be declared unconstitutional.
The cityhood [...]

The Philippine Institute of Volcanology and Seismology (Philvocs) urged the local government of Batangas City to start drawing up long-term relocation plans for residents near Taal Volcano and issued a warning that the entire volcano island could be “obliterated” in case an eruption occurs.
Philvocs director Renato Solidum said during a meeting with the Disaster Risk [...]

The corporate food and beverage giant San Miguel Corp. (SMC) is seriously mulling entry into the highly competitive field of telecommunication. The company plans to create a holding company for all its telecommunications interest as the conglomerate prepares for its grand entry in this field, according to a top official of the company. SMC president [...]

Former governor Zaldy U. Ampatuan of the Autonomous Region in Muslim Mindanao (ARMM) is facing plunder charges. Interior and Local Government Secretary Jesse M. Robredo said charges will be filed against Ampatuan after an audit report revealed that unaccounted amount of P2.5 billion in government funds. Robredo said the charges could be filed by the [...]

Manny Pacquiao and Shane Mosley will meet each other in a 12-round bout on May 7 for the WBO welterweight championship at the MGM Grand Arena in Las Nevada. So far, the two boxers have been cordial to each and no have ever said any bad thing about the other. Mosley’s promise to know Pacquiao [...]

Local oil companies raised their prices anew, even before the fuel subsidy for public utility jeepneys (PUJs) and tricycles could even be implemented. The prices for gasoline and diesel were increased by P1.50 to P1.75 a liter and kerosene by P1.40 a liter.
The first to implement the latest price increase were Pilipinas Shell Petroleum Corp., [...]

Stradcom Corp., the exclusive IT service provider for the Land Transportation Office (LTO) warns of a possible shutdown of the database and computer system it operates for the agency if the LTO continues to refuse remitting payments to the private firm. Stradcom provide and maintains LTO’s information technology facilities, including its database and licensing functions.
The [...]

The smartcards would be released to public utility jeepneys (PUJs) and tricycle operators on May 1 or May 2, according to presidential spokesman Edwin Lacierda. The implementing rules and regulations were finalized and issued last week.
Lacierda said that Malacañang also warned public transport groups of stiff sanction if they jeopardize the public welfare with crippling [...]

The P58-million graft case filed against former Makati City Mayor Elenita Binay, together with five other respondents, has been dismissed by the Sandiganbayan ruling that the evidence was not sufficient to prove alleged overpricing of furniture for the Makati City Hall. The anti-graft court’s second division said there is insufficient basis for the trial of [...]

As part of the oncoming celebrations for Labor Day on May 1, the Department of Labor and Employment (DOLE) disclosed the venues that will hold jobs fairs that will provide some 30,000 job opportunities. According to DOLE secretary Rosalinda Baldoz, the Labor Day celebration on May 1 will carry the theme, “Matuwid na Daan Tungo [...]

A 24-year old beauty and brain lady who hails from General Santos City was crowned Binibining Pilipinas-Universe 2011. Shamcey Supsup, a magna cum laude graduate from UP Diliman who finished B.S. Architecture and June 2010 Architecture Licensure Exam board topnotcher, bested 39 other candidates for the right to represent the country in the upcoming Miss [...]

Multinational firm Johnson & Johnson was fined by the United States authorities $70 million on for bribing doctors in Europe and paying kickbacks for contracts under a United Nations (UN) relief program in Iraq.
According to the US Department of Justice and Securities and Exchange Commission, the cosmetics and drug giant has paid doctors and hospitals [...]

The PNOC Exploration Corp. is already starting its preparations for a public-offering of its shares after its directors finally gave the go-ahead. However, the board deferred to give its decision on the actual date so as to be able to pinpoint the proper timing and conditions, according to PNOC-EC chair and CEO Gemiliano C. Lopez [...]

After being put in the hot seat once again, controversial television host Willie Revillame announced last Friday that his program “Willing Willie” will be off the air temporarily. Revillame made the announcement after major sponsors started pulling their ads one by one.
The controversy started on the March 12 episode of “Willing Willie” where  six year [...]

The Bangko Sentral ng Pilipinas (BSP) relaxes on the requirement on the risk-based assessment of qualifying capital instruments. The BSP amended Circular No. 709 on the Definition of Qualifying Capital Instruments under the Risk-Based Capital Adequacy Framework for Banks and Quasi-Banks by removing the loss absorption feature from among the requirements that an external legal [...]

For the third straight year, the largest Filipino-owned business process outsourcing (BPO) company SPi Global was awarded in an annual BPO recognition ceremony. This year, it was named as “BPO Company of the Year” besting seven other finalists at the 5th International ICT Awards awarding ceremony organized by the Canadian Chamber of Commerce of the [...]

Another powerful earthquake hits Japan anew on Thursday. The Japan Meteorological Agency recorded the quake at a magnitude of 7.4 while the US Geological Survey said it was 7.1. The recent quake triggered a tsunami warning for one prefecture and advisories in other prefectures. The National Police Agency said there were no reports of casualties [...]

Another major aviation firm is going to invest in the Clark Freeport Zone. Metrojet, a leading business aviation firm in Asia is earmarking $40 million for maintenance, repair and overhaul of facility in Clark. Executive Secretary Paquito Ochoa Jr. said Metrojet will set up the facility in a three-hectare property inside the Clark Airport Complex [...]

The Bureau of Internal Revenue (BIR) filed a P73.85 million tax evasion case against Ang Galing Party-list Representative Juan Miguel Arroyo and his wife, Angela. Perhaps, the biggest fish yet, in its campaign against tax evaders, BIR Commissioner Kim Henares said the couple were charged for attempting to defeat taxes and failing to file income [...]