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December 9, 2011
Bank employees lose P1.7 million to armed robbers

NAGA CITY (Dec. 9, 2011) - “Riding in tandem” armed robbers struck again, taking away at gunpoint P1.7 million from 2 bank employees of Rural Bank of Peñafrancia in Calabanga, Camarines Sur who withdrew the money from a branch of Banco de Oro in Magsaysay Avenue,  Naga City.

According to the Naga City Police Office, the armed robbers could have tailed the two employees and ambushed their service vehicle after they withdrew the money in a relatively isolated area along Liboton St., less than a kilometer away from Banco de Oro.

NAGA CITY (Dec. 9, 2011) - “Riding in tandem” armed robbers struck again, taking away at gunpoint P1.7 million from 2 bank employees of Rural Bank of Peñafrancia in Calabanga, Camarines Sur who withdrew the money from a branch of Banco de Oro in Magsaysay Avenue,  Naga City.

According to the Naga City Police Office, the armed robbers could have tailed the two employees and ambushed their service vehicle after they withdrew the money in a relatively isolated area along Liboton St., less than a kilometer away from Banco de Oro.

November 4, 2011
GIR rises to $75.8 B in Oct

 

MANILA, Philippine (Xinhua) - The gross international reserves (GIR) rose to a record high of $75.8 billion as of end-October, up $600 million from the previous month, the local central bank reported today.

The central bank's foreign exchange operations and income from investments abroad as well as revaluation gains on its gold holdings boosted forex reserves in October. These inflows were partially offset by payments by the National Government for its maturing foreign exchange obligations.

MANILA, Philippine (Xinhua) - The gross international reserves (GIR) rose to a record high of $75.8 billion as of end-October, up $600 million from the previous month, the local central bank reported today.

The central bank's foreign exchange operations and income from investments abroad as well as revaluation gains on its gold holdings boosted forex reserves in October. These inflows were partially offset by payments by the National Government for its maturing foreign exchange obligations.

November 4, 2011
Philippine financial system stable

 

MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.

"The seeds of earlier reforms nurtured by the currently improving macroeconomic environment and global investor sentiment to the Philippine sovereign continue to bear fruit as the Philippine financial system sustained its growth spurt for the first semester of 2011 amidst global economic slowdown," Central Bank Governor Amando M. Tetangco Jr. said in a statement...

MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.

November 4, 2011
Philippine financial system stable

 

MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.

"The seeds of earlier reforms nurtured by the currently improving macroeconomic environment and global investor sentiment to the Philippine sovereign continue to bear fruit as the Philippine financial system sustained its growth spurt for the first semester of 2011 amidst global economic slowdown," Central Bank Governor Amando M. Tetangco Jr. said in a statement...

MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.

October 29, 2011
Blatant armed robberies plague Daet

DAET, Camarines Norte (Oct 29, 2011) – Recent incidents of armed robberies targeting the business community threaten the economic lifeblood of this capital town and the business sector is pleading for help.

The most recent armed robbery was carried out in broad daylight in the morning of Oct 24 by 5 motorcycle-riding suspects with Visayan accent and resulted in the death of ...

DAET, Camarines Norte (Oct 29, 2011) – Recent incidents of armed robberies targeting the business community threaten the economic lifeblood of this capital town and the business sector is pleading for help.

The most recent armed robbery was carried out in broad daylight in the morning of Oct 24 by 5 motorcycle-riding suspects with Visayan accent and resulted in the death of Allied Bank security guard, Rodan Bacuno Lonto, who was shot before one of the suspects grabbed from a bank employee a money bag containing cash and checks from KLT Trading.

October 1, 2011
Life or Death?

To be or not to be; that is not only Hamlet’s but also everyone’s most fundamental question. Live or die? Fight or surrender? Continue or quit? Every time we seem to have reached the end of the road, we ask such basic question. It can be asked by a frustrated person or by somebody contemplating on committing suicide. It can be asked by a politician planning to run in the elections, or by an athlete competing in some sports events. Indeed, it can be asked by anyone, at any moment of one’s life.

To be or not to be; that is not only Hamlet’s but also everyone’s most fundamental question. Live or die? Fight or surrender? Continue or quit? Every time we seem to have reached the end of the road, we ask such basic question. It can be asked by a frustrated person or by somebody contemplating on committing suicide. It can be asked by a politician planning to run in the elections, or by an athlete competing in some sports events. Indeed, it can be asked by anyone, at any moment of one’s life.

July 19, 2011
Sloppy handling of STL shares revealed

MANILA, Philippines (July 19, 2011) - The Philippine Charity Sweepstakes Office (PCSO) has no way of knowing whether the shares of small town lottery (STL) income it distributes to the localities go to intended beneficiaries.

MANILA, Philippines (July 19, 2011) - The Philippine Charity Sweepstakes Office (PCSO) has no way of knowing whether the shares of small town lottery (STL) income it distributes to the localities go to intended beneficiaries.

This was revealed yesterday during the fifth Senate hearing on the PCSO fund anomalies.

July 2, 2011
Crimes surge anew in Camarines Sur

NAGA City (July 2, 2011) — Crime surge has been noted during the week in the towns of Ragay, Calabanga and the boundary town of Del gallego in Camarines Sur province.

NAGA City (July 2, 2011) — Crime surge has been noted during the week in the towns of Ragay, Calabanga and the boundary town of Del gallego in Camarines Sur province.

May 9, 2011
Missing P42M War Veterans Pension Fund Still Unaccounted

NAGA CITY---After six years since it was first exposed in Congress, the missing P42M pension fund for the World War II veterans remains unaccounted for, according to an official of the national veterans’ federation.

NAGA CITY---After six years since it was first exposed in Congress, the missing P42M pension fund for the World War II veterans remains unaccounted for, according to an official of the national veterans’ federation.

Francisco T. San Miguel, secretary general of the Philippine Veterans Association, said the P42M pension fund represents veterans’returned pension checks which had been initially deposited at the Veterans Bank.

April 30, 2011
Heidi Mendoza Warns Pork Barrel Recipients

WASHINGTON USA (April 30, 2011) – Pork barrel recipients in the Philippines: be careful, be very careful. Heidi Mendoza, newly appointed commissioner said the Commission on Audit (COA) is putting into place mechanisms to examine the pork barrel allocations of members of Congress to bring transparency to a process that has been mired in corruption almost from its inception.

WASHINGTON USA (April 30, 2011) – Pork barrel recipients in the Philippines: be careful, be very careful.

Heidi Mendoza, newly appointed commissioner said the Commission on Audit (COA) is putting into place mechanisms to examine the pork barrel allocations of members of Congress to bring transparency to a process that has been mired in corruption almost from its inception.

She declined to give details or discuss when the audits would start.

April 1, 2011
Cash Aid to Bikol’s Poor Reaches P683M

LEGAZPI CITY--- The implementation of the government’s poverty alleviation program across the country through the conditional cash transfer (CCT) changed the lives of the poorest of the poor communities in the countryside, an official of Land Bank of the Philippines in Bicol told Bicol Mail.

LEGAZPI CITY--- The implementation of the government’s poverty alleviation program across the country through the conditional cash transfer (CCT) changed the lives of the poorest of the poor communities in the countryside, an official of Land Bank of the Philippines in Bicol told Bicol Mail.

April 1, 2011
Land Bank Opens Services to GSIS Pensioners in Bikol

LEGAZPICITY, (PIA) -- Thousands of government retirees may now withdraw their GSIS pensions at four Land Bank of the Philippines (LBP) branches in Bikol, according to the latter’s top regional official here .

LEGAZPICITY, (PIA) -- Thousands of government retirees may now withdraw their GSIS pensions at four Land Bank of the Philippines (LBP) branches in Bikol, according to the latter’s top regional official here .

Renato Eje, LBP Assistant Vice President and regional branch manager, said that this is good news to pensioners of the GSIS as LBP branches in Masbate City, Virac, Catanduanes, and in the cities of Naga and Ligao will provide banking services to accommodate GSIS pensioners very soon.

November 7, 2010
Veterans Bank Reports P327M Net Income in 3Q 2010

Philippine Veterans Bank (PVB) reported an unaudited net income of P327.43 million for the first nine months of 2010, 11.75% higher than the P293 million as of the same period last year. Bank officials said that higher revenues from investments and interest income loans as well as trading gains were the main factors behind the increase in the first three quarters for the commercial bank owned by the World War II veterans.

November 7, 2010
Veterans Bank Reports P327M Net Income in 3Q 2010

Philippine Veterans Bank (PVB) reported an unaudited net income of P327.43 million for the first nine months of 2010, 11.75% higher than the P293 million as of the same period last year. Bank officials said that higher revenues from investments and interest income loans as well as trading gains were the main factors behind the increase in the first three quarters for the commercial bank owned by the World War II veterans.

Philippine Veterans Bank (PVB) reported an unaudited net income of P327.43 million for the first nine months of 2010, 11.75% higher than the P293 million as of the same period last year. Bank officials said that higher revenues from investments and interest income loans as well as trading gains were the main factors behind the increase in the first three quarters for the commercial bank owned by the World War II veterans.