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Two Philippine Areas Under State of Clamity Due to El Niño
MINDANAO, PHILIPPINES – Two areas in North Cotabato have been placed under state of calamity due to the effects of the El Niño phenomenon, authorities said Friday. Kabacan City and…
Bulgarian Hacker of Bill Gates’ ATM Arrested in the Philippines
QUEZON CITY, PHILIPPINES – The Philippine National Police (PNP) announced on Friday the arrest of a Bulgarian national who allegedly hacked several ATMs and stole thousand of dollars from victims,…
Philippine FDI Falls 71 Percent in January, Central Bank Says
MANILA, PHILIPPINES – The Bangko Sentral ng Pilipinas (BSP), the country’s central bank, said foreign direct investment (FDI) in the Philippines dropped by 71 percent in January 2015 to US$63…
Goverment Urges 458 Filipinos Still in Yemen to Return to the Philippines
MANILA, PHILIPPINES – The Department of Foreign Affairs (DFA) of the Philippines said there are still an estimated 458 Filipinos in Yemen despite the Philippine government’s efforts to repatriate them.…
Former Philippine Senator Lacson To Run for President If…
MANILA, PHILIPPINES – Former Senator and Philippine National Police Director Panfilo Lacson announced intention to run for president in the coming 2016 Presidential elections. However, Lacson stressed that his final…
Malaysia-bound Illegal Ivory Shipment Seized in Australia
AUSTRALIA – Australian authorities have intercepted a shipment of 110-kilogram of ivory bound for Malaysia, the Australian Customs and Border Protection Service (ACBPS) said. The illegal shipment was intercepted while…
Former Philippine Senator Lacson Announces Intention to Run for President
MANILA, PHILIPPINES – Former Senator and Philippine National Police Director Panfilo Lacson announced intention to run for president in the coming 2016 Presidential elections. However, Lacson stressed that his final…
US Renews Assurance to Defend Philippines
MANILA, PHILIPPINES – US Ambassador to the Philippines Philip Goldberg has reiterated the US government’s assurance that it will continue to stand “together, shoulder-to-shoulder” with the Philippines when it is…
Milk Tea Poisoning Kills 2 in Philippines
MANILA, PHILIPPINES – Two peopled died while one remains in critical condition after drinking what authorities believed was contaminated milk tea in Sampaloc, Manila. Authorities are now investigating the alleged…
New Thermal Power Plant to Rise in Cebu
CEBU CITY, PHILIPPINES – Therma Visayas, Inc., a subsidiary of Aboitiz Power Corp. (AboitizPower) and Vivant Corp. (Vivant), announced the commencement of the construction of its 340-MW thermal power plant…
President Aquino Declares 2015 as ‘Visit the Philippines Year’
MANILA, PHILIPPINES – Philippine President Benigno S. Aquino III has signed Proclamation No. 991, declaring 2015 as ‘Visit the Philippines Year’, as the country gears up for the hosting of…
John Knox is Credit Suisse’s New Australia CEO
International financial services group Credit Suisse Group announced the appointment of John Knox as its new Australia CEO effective 1 May. In a statement, the bank said Knox, who will…
One Dead, Israeli Girl Missing As Thai Ferry Burns, Sinks On Its Way To Phuket
BANGKOK, THAILAND – One passenger died while a 12-year-old was still missing as a tourist boat in Thailand caught fire, causing it to sink near in the Andaman Sea off…
Samsung Beats Apple in Customer Loyalty
SEOUL – An online survey showed that South Korean technology giant Samsung Electronics Co has overtaken its rival Apple Inc of the United States in terms of customer loyalty, Yonhap…
Meralco Announces Electricity Rate Increase in April
MANILA, PHILIPPINES – Philippine power utility firm Manila Electric Co (Meralco) announced that electricity rates in April went up by Php0.25 per kilowatthour (kWh) as Malampaya shuts down its deepwater…
Singapore Prime Minister Lee Hsien Loong Reshuffles Cabinet
SINGAPORE – Prime Minister Lee Hsien Loong is reshuffling his cabinet and other appointed positions as part of continuing leadership renewal, the Prime Minister’s Office said today. Based on the…
Philippine Stock Exchange Releases Updated List of Shariah-Compliant Securities
MANILA, PHILIPPINES – The Philippine Stock Exchange has released the updated list of Shariah-compliant securities listed in the local bourse. The list was based on the quarterly screening of its…
Metrobank Concludes USD720-Million Stock Rights Offering at Philippine Stock Exchange
MANILA, PHILIPPINES – Metropolitan Bank and Trust Company (Metrobank), the second largest bank in the Philippines, held a bell ringing ceremony at the Philippine Stock Exchange (PSE) to mark the…
Philippine Government Urges Filipinos in Libya, Yemen to Immediately Come Home
MANILA, PHILIPPINES – As repatriation activities continue to become harder, the Department of Foreign Affairs (DFA) of the Philippines has urged all Filipinos in Libya and Yemen to immediately come…
Philippine Exports Drop in February, NEDA Says
MANILA— Philippine merchandise exports recorded a 3.1-percent decline in February 2015 on account of lower sales in agro-based products, manufactures, and petroleum products, according to the National Economic and Development…