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National News: Most Recent Content

  • Mayon Volcano Included in New Currency Design

    LEGAZPI CITY, April 7  - The Bangko Sentral ng Pilipinas (BSP) is set to release the new design of the Philippine monetary bills and coins by the end of 2010 and Mayon Volcano will be included in the new design of the bills.

    Marlyn Paje, acting deputy director of BSP branch here, said that this is in accordance with the New Central Bank Act or Republic Act 7653 giving the Central Bank Monetary Board, with the approval of the Philippine President, the power to prescribe denominations, dimensions, designs and inscriptions and other characteristics of notes issued by the BSP.

  • Villar Wants Bicol's Income to Grow Like NCR's, Other Progressive Regions

    LEGAZPI CITY, March 28  -- Nacionalista Party standard-bearer Manuel Villar dreams big for Bikol Region where poverty incidence remains high despite a moderate 4.3 percent growth of its economy in 2008.

    If he is elected president in the May polls, Nacionalista Party standard-bearer Manuel Villar said he wants the income of the whole Bikol Region to be at the level being enjoyed by the country's progressive regions, including the National Capital Region (NCR).

  • Kontra Daya Wants Arroyo-Linked Partylists, Nominees Disqualified

    MANILA, March 31, 2010- Militant groups and other organizations today filed disqualification cases against nominees of several party-list groups with alleged ties to the Arroyo administration.

    Groups involved with election watchdog Kontra Daya campaign asked the Commission on Elections to disqualify businessman Teodorico Haresco and Eugenio Jose Lacson of the Ang Kasangga party.

  • Veterans Bank Gets P1.0B LGUGC Guaranty Line

    The LGU Guarantee Corporation recently granted Philippine Veterans Bank a P1.0 Billion Automatic Guarantee Line (AGL) for Qualified Local Government Unit Debt Instruments. The AGL will be used initially by PVB in its recently arranged LGU bond and loan facilities to attract prospective co-funders.  LGUGC and PVB are working further to enhance its cooperation and partnership in order to strengthen the credit market for the LGUs. 

  • Bank of the Philippine Islands Posts Revenue Growth in 2009

    The Bank of the Philippine Islands (BPI) registered strong business volume and revenue growth in 2009.  Full year unaudited income rose to P8.5 billion, 33% higher than 2008 and equivalent to a 13% Return on Equity and 1.3% Return on Assets.  Correspondingly, net income for the fourth quarter of 2009 was 7% better than 2008.

  • Bacani: No to Erap Comeback

    MANILA, Jan. 21, 2010-Retired Catholic Bishop Teodoro Bacani maintains he is against Joseph's Estrada's comeback bid for the presidency, saying the country needs a new leader.

    Bacani, one of Estrada's spiritual advisers, said it's a high time to have genuine reforms in the government and that includes filling it up with better leaders.

    "Personally, I am against his candidacy because the country really needs real reforms... wherein there is a new leader who will lead us," he said.

  • Arroyo Can’t Appoint New SC Chief – Bernas

    MANILA, Jan. 22, 2010- President Arroyo has no power to appoint the next chief justice of the Supreme Court, constitutionalist Fr. Joaquin Bernas, SJ, said Friday.

    Bernas, dean emeritus of the Ateneo Law School, said that Mrs. Arroyo will be violating the Constitution if she would insist in appointing the successor of Chief Justice Reynato Puno.

    The Charter, he said, forbids the President from making appointments within 60 days before her term ends on June 30 this year.

  • Veterans Bank Opens 10 Branches in 2010

    Philippine Veterans Bank (PVB) recently opened 10 new branches beefing up its network to 60 branches nationwide. Last January 18th, PVB simultaneously opened 10 new branches all over the country. These are located in Pasay City, Malolos, Bulacan; Santiago City, Isabela; Olongapo; Lipa, Batangas; San Pablo, Laguna; Kalibo, Aklan; Tagbilaran, Bohol; Pagadian, Zamboanga de Sur; and Koronadal.  Late last 2009, the Bank opened 5 new branches in Luzon as part of its branch expansion and rationalization plan.

  • SSS Condonation Law to Benefit Delinquent Employers, Employees

    MANILA, Jan. 9 -Senator Richard J. Gordon is optimistic that millions of employees of delinquent employees could now re-avail of their benefits from the Social Security System (SSS) with the enactment of the SSS condonation law.

    Republic Act No. 9903, or the Social Security Condonation Act, would also help ease the burden from non-compliant companies that were facing economic difficulties.

  • Noynoy Unfazed by Cousin Gibo’s Surge in Surveys

    LEGAZPI CITY-Liberal Party standard bearer Senator Benigno "Noynoy" Aquino acknowledged on Tuesday the surge in the latest Pulse Asia survey of his cousin and rival, former Defense Secretary Gilberto "Gibo" Teodoro.

    "My younger cousin's increase in figures in the latest survey, I admit, is dramatic," Aquino said.

    The latest Pulse Asia survey conducted the first week of December showed Teodoro up by three points from his previous survey rating.

    "But the increase is only in terms of small numbers."