MANILA,
Aug. 23 (PNA) -- The Bureau of Immigration (BI) announced Friday a
proposed new visa that will soon grant the privilege of indefinite stay
for foreign businessmen and expatriates.
[ Read More ]
MB approves abolition of PhilPaSS’ monthly, annual fees
MANILA,
Aug. 23 (PNA) – The policy-making Monetary Board (MB) of the Bangko
Sentral ng Pilipinas has approved the stop in the collection of monthly
and annual fees of the Philippines Payments and Settlements System
(PhilPaSS).
[ Read More ]
WB bans Korean firm from US$ 150-M road project for RP
MANILA,
Aug. 23 (PNA)-– The World Bank (WB) on Friday announced that it has
disqualified a Korean firm from the US$ 150-million road project the
Bank is funding in the Philippines after it was found involved in fraud
and corruption.
[ Read More ]
UBS analyst forecasts up to 50 basis points hike in BSP rates next week
MANILA,
Aug. 23 (PNA)-– An economist of Union Bank of Switzerland (UBS)
forecasts a hike of 25 to 50 basis points in the policy rates of the
Bangko Sentral ng Pilipinas (BSP) next week. [ Read More ]
Oil companies to cut by P1 per liter prices of gasoline, diesel and kerosene
MANILA,
Aug. 23 (PNA) - Independent oil firms imposed a fresh round of rollback
on pump prices as the price of world petroleum products stabilize.
[ Read More ]
Aboitiz expects to ground break 300MW coal plant in Subic by October
MABALACAT,
Pampanga, Aug. 22 (PNA) - Public listed Aboitiz Power Corp. (APC) said
only the environmental compliance certificate (ECC) from the Department
of Environment and Natural Resources (DENR) is what they’ve been
waiting to proceed with the construction of the 300-megawatt (MW)
coal-fired power generation plant in Redondo Peninsula in Subic Bay,
Zambales.
[ Read More ]
Meralco secures US$ 50M standby facility from Calyon Investment for its expansion
MANILA,
Aug. 22(PNA) -- Utility giant Manila Electric Company (Meralco) has
secured a US$ 50 million long term standby financing from Calyon
Corporate and Investment Bank to fund its projects in the pipeline.
[ Read More ]
BSP chief forecasts sustained growth in ‘09
MANILA,
Aug. 22 (PNA) – Growth of the local economy is seen to continue in 2009
amid the current tight economic condition that results from the
development in the global economy.
[ Read More ]
South Korean firm to develop all-weather golf course and resort in Subic
SUBIC
BAY FREEPORT, Aug. 22 (PNA) -- Hanafil Golf & Tour, Inc., a South
Korean firm recently awarded the development of the golf course in
Binictan inside this premier Freeport zone, is in the process of
pre-planning and redesigning the entire course into an all-weather golf
course. [ Read More ]
Indon resto to be put up in Davao City
DAVAO CITY, Aug. 22 (PNA) -- The Indonesian Consulate will put up an Indonesian restaurant here by the end of 2008.
[ Read More ]
