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Bank branch rules eased
by Roderick T. dela Cruz
More bank branches are expected to rise in Makati, Quezon City, Mandaluyong, Manila and four other high-density zones in Metro Manila, after the Bangko Sentral lifted the expansion restriction on these areas.
STI group buying big university in Manila
by Jeremiah F. de Guzman
Businessman Eusebio Tanco is aquiring a private, non-religious university in Manila at a cost of up to P1.5 billion.
SEC suspends permit of Timberland sports club
by Jenniffer B. Austria
The Securities and Exchange Commission has suspended the permit of Timberland Sports and Nature Club Inc. to sell securities for late and non-submission of reportorial requirements.
Govt eyes different North Rail contractor
The Transportation Department is recommending a change in the contractor for the long-delayed North Rail project and seeking additional financing from the Chinese government.
Ochoa house on the block
THE White Plains house that was linked to Executive Secretary Paquito Ochoa Jr. has been finished and been put on the block for P60 million, according to the subdivision grapevine.
3 Quezon towns get P148-m funding
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Top officials in 157 state firms to get axe
by Maricel Cruz
ALL government-appointed chief executives, board members and trustees in 157 state companies will lose their jobs on June 30, and those without replacements will continue only in a hold-over capacity under a law that President Benigno Aquino III will sign today.
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Profits up for traded companies
by Jenniffer B. Austria
THE combined net profits of listed companies grew 22.2 percent to P440.72 billion in 2010 against the P360.63 billion posted the year before, according to data from the annual financial statements that those firms filed with the Philippine Stock Exchange.
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Unhealthy catch. A boy floats among tons of dead fish in the town of Lumanglipa, Mataas na Kahoy, in Batangas on Sunday. The province and Pangasinan have both been hit by fish kills caused by insufficient oxygen in the water. DANNY PATA |
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