Business News

DTI 4-A intensifies monitoring of steel bars in the Calabarzon

DUE to the reports received that substandard products proliferate in markets especially in areas outside the Metro Manila, the Department of Trade and Industry Region 4-A conducted simultaneous monitoring of steel bars on 05 July 2019 in the province of Laguna. 24 establishments in Cabuyao City, Binan City, and Sta. Rosa City were monitored. The […]

Business News

DBP bankrolls South Luzon PUV modernization

State-owned Development Bank of the Philippines (DBP) has granted a P29.44-million assistance to a South Luzon-based transport cooperative for 15 units of EURO IV jeepneys under the DBP PASADA loan program targeting transport cooperatives and corporations that seek to modernize their fleet, a top official said. DBP president and chief executive officer Emmanuel G. Herbosa […]

Business

Rural banks’ role in countryside development cited

By BALIKAS News Reportorial Team WHILE some of the rural banks were ordered closed by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) for their irregular activities, still, rural banks play a pivotal role in promoting inclusive development especially in the countryside by providing credit to primary food producers such as farmers, fisherfolks […]

Business News

Creditors of RB Mabitac (Laguna) have until June 10 to file claims -PDIC

THE Philippine Deposit Insurance Corporation (PDIC) urged creditors of the closed Rural Bank of Mabitac (Laguna), Inc. to file their claims against the bank’s assets on or before June 10, 2019. PDIC reiterated that claims filed after said date shall be disallowed. Creditors refer to any individual or entity with a valid claim against the […]

Business News

DOE calls on Meralco, other DUs to expidite CSP bidding of stalled PSAS

TAGUIG City – Department of Energy (DOE) Secretary Alfonso G. Cusi upheld the recent Supreme Court decision mandating the Competitive Selection Process (CSP) in the public bidding of power supply agreements.  “All affected power industry players must catch up and push under the CSP, those stalled supply agreements for the next 23 years,” he said.  […]

Business

PDIC starts deposit payment to depositors of the closed Palawan Bank; 4 more banks ordered closed

By JEAN JULIUS P. QUIZON THE Philippine Deposit Insurance Corporation (PDIC) announced that it started mailing Postal Money Orders (PMOs) to all depositors eligible for outright payment who maintained deposits with the closed The Palawan Bank (Palawan Development Bank), Inc. on May 27, 2019, or 15 working days after the bank’s takeover on May 6, […]

Business News

‘Pagbuhay sa PNOC at oil fund, solusyon sa mataas na presyo ng langis’ – Marcos

BATANGAS City – SA patuloy na pagtaas ng presyo ng produktong petrolyo o ang kawalan ng matatag na presyo nito sa pandaigdigang merkado na siyang nagiging dahilan ng mabilis na pagtaas ng presyo ng bilihin at transportasyon sa bansa, may nakikitang solusyon si Nacionalista Party senatoriable Imee Marcos na aniya’y tiyak na workable para gawin […]

Business News

Konstruksiyon ng kauna-unahang pagawaan ng steel beams sa bansa, sisimulan na

By BALIKAS News Reportorial Team LEMERY, Batangas – LIBU-libong trabaho ang tiyak na lilikhain ng isang pabrika ng bakal sa bayang ito na inaasahang magbabakilala hindi lamang sa bayang ito kundi maging sa Lalawigan ng Batangas sa bansa bilang mahalagang bahagi ng industriya ng konstruksyon. Nito lamang Martes, Abril 23, pormal nang isinagawa sa Brgy. […]