BSP closes SRBC

by MAYVELIN U. CARABALLO THE Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has ordered the closure of the Surigaonon Rural Banking Corp., placing the bank under the receivership of state deposit insurer Philippine Deposit Insurance Corp. (PDIC). In a statement, PD…

Share:

Read More

Barrio doctor revives a stillborn baby

A doctor-scholar of the First Gentleman Foundation Inc. (FGFI) now serving as a barrio doctor in Dapa, Surigao del Norte, has earned the admiration of the island town’s populace after miraculously reviving a stillborn baby. Dr. Anthony Cu, from the University of the Philipp…

Share:

Read More

Moderate growth expected in job-generating foreign investments

Foreign direct investment (FDI) to the Philippines is expected to grow moderately next year amid a fragile global economic recovery, the Bangko Sentral ng Pilipinas said. Based on the latest balance of payments (BOP) projections, BSP Governor Amando Tetangco Jr. said the FDI…

Share:

Read More

First Pacific sets fund-raising for expansion

FIRST Pacific Co. Ltd. is shoring up its war chest for new investments in mining and infrastructure in the Philippines and across Southeast Asia. In a statement, Hong Kong-based conglomerate that controls Philippine Long Distance Telephone Co. (PLDT) said it is raising $282…

Share:

Read More

Energy to Bid Out More Petroleum Exploration Areas

Undersecretary Ramon Oca said the oil and gas areas will be offered through the second phase of this year's Philippine Energy Contracting Round (PECR), which kicked off with the bidding of 30 coal exploration areas last month. "We will try if we can bid out [oil and…

Share:

Read More

Literacy level dismal despite RP programs

News from the Department of Education is dismal. Some 5.2 million Filipinos are illiterate, with the country’s school dropout rate among the highest in Asia, even higher than Indonesia and Vietnam. “We are now at the dead end of education,” Education Undersecretary Manaros Bo…

Share:

Read More

Boquerin’s virgins

The parable of The Ten Virgins is a story of great drama and noble narrative found in the Bible. It’s telling people to be prepared and be ready for the day of reckoning. Story such as this is Remy Boquerin’s inspiration for the masterpiece she’s doing for her next exhibit …

Share:

Read More

Most Roman Catholic bishops ‘back’ President

Majority of the country’s Roman Catholic bishops support the government of President Gloria Arroyo, a senior government official said on Friday. According to Cerge Remonde, Presidential Management Staff chief, he gathered such impression after President Arroyo met with eigh…

Share:

Read More

League wants IRA for new cities stopped

KIDAPAWAN CITY: The city government here is bent on imposing austerity measures to ensure the smooth delivery of basic services to city residents despite a cut in its internal revenue allotment (IRA) this year, reported the Philippine New…

Share:

Read More