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GMANews.TV » Senate probes Pag-IBIG housing loan mess
There must be some sort of connivance among employees of Pag-IBIG Fund and those of developer Globe Asiatique Realty Holdings Corp. in a scam involving at least P6.6 billion in housing loan proceeds, Sen. Sergio "Serge" Osmeña III said Wednesday. [Link]
GMANews.TV » Jollibee to sell Delifrance café chain for P100 million
Jollibee Foods Corp. is dropping its café chain Delifrance as it positions to build "larger" fast-food businesses. [Link]
GMANews.TV » PCA endorses medical studies on virgin coco oil
Without medical evidence supporting the beneficial effects of virgin coconut oil on human health, the product might not "secure its sustainable future," the Philippine Coconut Authority said Wednesday. [Link]
GMANews.TV » Senate to probe Pag-IBIG, Globe Asiatique in housing loan mess
There must be some sort of connivance among employees of Pag-IBIG Fund and those of developer Globe Asiatique Realty Holdings Corp. in a scam involving at least P6.6 billion in housing loan proceeds, Sen. Sergio "Serge" Osmeña III said Wednesday. [Link]
GMANews.TV » July-Aug. car sales drop; up 34% year-on-year
The Chamber of Automotive Manufacturers of the Philippines Inc. reported Wednesday that vehicle sales dropped to 14,335 in August from 15,972 in July. [Link]
GMANews.TV » New investments in economic zones total P70.96B - PEZA
There were substantial increases in terms of fresh investments and employment generation in various economic zones in the Philippines during the first eight months of the year, according to Philippine Economic Zone Authority. [Link]
GMANews.TV » Sandiganbayan junks graft case vs GSIS vice president
The Sandiganbayan Second Division has junked the graft case against an official of the Government Service Insurance System (GSIS) who allegedly was involved in a $9.3-million insurance mess in 1998. [Link]
GMANews.TV » MECO admits to excessive pay, non-remittance of funds
The Manila Economic and Cultural Office on Wednesday admitted that its board members have been receiving excessive retirement benefits and that it has not remitted dividends to the national government. [Link]
GMANews.TV » Depression costs Japan's economy $32 billion
TOKYO - Suicides and other depression cases cost Japan's economy about 2.7 trillion yen ($32 billion) last year, the government said Wednesday, releasing such data for the first time in a bid to raise public awareness of the nation's long-battled social woe. [Link]
GMANews.TV » DOTC wants LRT, MRT operations unified
The Department of Transportation and Communications wants to unify the operations of the Light Rail Transit and Metro Rail Transit to make the train lines more efficient and cheaper to run. [Link]
GMANews.TV » PSEi tops 3,800, closes at 35-mo. high on bank lending
The Philippine Stock Exchange index Wednesday breached the 3,800 mark - an important psychological resistance level - fueled by financials after the central bank reported Tuesday that bank lending grew 11.7 percent in July. [Link]
GMANews.TV » Oil falls below $74 on EU bank debt worries
SINGAPORE - Oil prices skidded below $74 a barrel Wednesday in Asia as crude traders followed regional stocks down on reports European banks may be saddled with more debt than previously estimated. [Link]
GMANews.TV » DOLE reminds employers of pay rules for Eid'l Fitr Friday
As Filipinos prepare for another long weekend ahead, the Department of Labor and Employment is reminding employers to observe the pay rules on Friday for Eid'l Fitr, a holiday marking the end of the Islamic holy month of Ramadan. [Link]
GMANews.TV » US stocks fall as worries about European debt return
Stocks closed lower Tuesday following new worries about Europe's debt problems. Treasury prices rose and gold settled at a new high as investors sought out safe assets. [Link]
GMANews.TV » Pag-IBIG starts blacklist proceedings vs Globe Asiatique
The Pag-IBIG Fund on Tuesday said it has started the proceedings to blacklist real estate developer Globe Asiatique Realty Holdings Corporation for allegedly scamming at least P6.6 billion in housing loan proceeds. [Link]
GMANews.TV » UBS revises 2010 RP growth forecast to 7.3%
UBS Investment Bank on Tuesday revised its Philippine economic outlook, saying the country would likely post 7.3 percent in terms of growth in gross domestic product for the year because of stronger-than-expected performance in the first half. [Link]
GMANews.TV » UBS revises 2010 RP growth forecast to 7.3% from 5.5%
UBS Investment Bank on Tuesday revised its Philippine economic outlook, saying the country would likely post 7.3 percent in terms of growth in gross domestic product for the year because of stronger-than-expected performance in the first half. [Link]
GMANews.TV » RP gross intl reserves widen to record $49.578B in August
The Philippines' gross international reserves widened to a record $49.578 billion in August, helped by gains in its gold holdings, the Bangko Sentral ng Pilipinas said Tuesday. [Link]
GMANews.TV » Recto: Debt service item in 2011 budget 'inflated' by P7.7B
The P357-billion allotment for interest payments under the proposed 2011 national budget may have been inflated by as much as P7.7 billion, Sen. Ralph Recto said Tuesday. [Link]
GMANews.TV » Nido starts to remedy water problem at Tidalo oil well
Perth, Australia-based Nido Petroleum Ltd. started a program for the Tindalo oil well in northwest Palawan to remedy the presence of water affecting its production. [Link]
