National News

President Aquino highlights results of his trip to China, Myanmar

MANILA, Nov 15 -- President Benigno S. Aquino III highlighted the results of his participation in the 22nd Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in Beijing, China, and the 25th Association of Southeast Asian Nation (ASEAN) Summit in Nay Pyi Taw, Myanmar.

MB releases guidelines on further entry of foreign bank

MANILA, Nov 16 -- The Monetary Board (MB) has approved the implementing rules and regulations (IRR) of Republic Act (R.A.) No. 10641. The new law provides for the further entry of foreign banks into the Philippines and thus amends R.A. No. 7721, which was passed into law in May 1994, according to a press statement released Friday by the Bangko Sentral ng Pilipinas.

President Aquino pushes for legally binding code of conduct for South China Sea

NAY PYI TAW, Myanmar, Nov 14 -- President Benigno S. Aquino III has called on fellow Asean leaders to continue negotiations with China on the forging of a legally binding code of conduct in the South China Sea, amid tensions over territorial claims in the region.

President Aquino thanks Canada for its assistance in reconstruction of Eastern Visayas

MANILA, Nov. 11 -- President Benigno S. Aquino III on Monday thanked Canadian Prime Minister Stephen Harper for Canada's assistance for the rehabilitation of areas in Eastern Visayas devastated by Typhoon Yolanda last year. "The President thanked Canada for the support that it had provided, overwhelming support for the victims of Yolanda," Foreign Affairs Secretary Albert del Rosario said in a press briefing at the Philippine Embassy in China.

Israeli companies to explore business opportunities in the Philippines

CEBU CITY, Nov. 11 (PIA) --- The Economic and Trade Mission of the Embassy of Israel in Manila, in partnership with the Philippine Chamber of Commerce and Industry (PCCI) and Cebu Chamber of Commerce and Industry (CCCI), will host business-to-business activities on Nov. 17 in Manila and Nov. 18 in Cebu City. In Cebu City, the event will be opened by Israeli Ambassador Effie Ben Matityau and CCCI president Tess Chan.

PH policies aimed at attaining competitiveness, PNoy tells APEC leaders

BEIJING, China, Nov 11 -- Achieving competitiveness means changes in the country's policies and guidelines, especially as Southeast Asian countries begin to integrate economically, President Benigno S. Aquino III said during the Asia-Pacific Economic Cooperation (APEC) Chief Executive Officers’ Summit here Sunday.

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