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New AFP chief under fire

President Gloria Arroyo’s appointment of a new military chief came under fire from the Liberal Party (LP), which charged that her move was meant to prevent the proclamation of winners in the May 2010 elections.Those polls will pick President Arroyo’s successor, whom she is expected to swear...

Published on 3/9/2010, 9:29 AM by FilAmNation | 0 comment(s)

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Bongbong warns Comelec of CIA meddling in polls

Rep. Ferdinand “Bongbong” Marcos Jr. of Ilocos Norte on Monday warned the Commission on Elections (Comelec) against the possibility of agents of the US Central Intelligence Agency (CIA) coming to the Philippines to monitor the May 10 elections disguised as legitimate foreign poll...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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IBP blocks appointment of chief justice

The chapters of the Integrated Bar of the Philippines (IBP) in Eastern Visayas and Southern Luzon on Monday asked the Supreme Court to prevent the Judicial and Bar Council (JBC) from submitting the shortlist of the next Chief Justice to President Gloria Arroyo during the appointment ban period.In...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

Palace downplays hunger incidence

Malacañang said that the increasing number of hungry and poor Filipinos does not mean a failure on the part of the Arroyo administration.Gov. Joey Salceda of Albay was earlier quoted as saying that while the rich have gotten richer, the number of poor people has gone up since the start of...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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Smart moves for social outreach

American RnB superstar Justin Timberlake will rock for a cause when he guests on Grammy-winning record producer, singer and rapper Timbaland’s Shock Value Tour II concert on March 27.Lives will definitely change when Timberlake, Timberland and Jojo perform at the SM Mall of Asia concert ground...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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DOE lobbies for tax perks to spur power investments in Mindanao

THE Department of Energy (DOE) said the government would have to offer investors tax breaks and other incentives to encourage them to add to the power generating capacity of energy-short Mindanao.“The problem with Mindanao really is dealing with capacities. So we have to bring in more power...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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Benchmark rates decline

Benchmark interest rates fell across the board, while the peso and Philippine shares firmed up on Monday after an upbeat report on US jobs over the weekend.“The market knows we have a lot of liquidity and outlook on inflation is also benign,” National Treasurer Roberto Tan said.The national...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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New law raises farm lending

THE Department of Agriculture (DA) said the amended Agri-Agra Law would raise the amount of money available to farmers and fisher folk, after the newly enacted law cut down on the number of alternative compliance schemes that allowed banks to shy away from the rural sector.In a briefing,...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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DMCI eyes seven-month rehab of Calaca facility

The power unit of DMCI Holdings Inc. plans to rehabilitate the Calaca coal-fired generating plant.Nestor Dadivas, DMCI Power Corp. president, said the company will rehabilitate the Batangas facility to improve its reliability and raise its capacity. “The program involves major rehab of one...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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Filipino companies entice peers to invest in Vietnam

Filipino firms continue to set up operations and expand in Vietnam as the country’s incentives to foreign direct investments (FDI) prove to be more generous than that what the Philippines can offer.Benny Caleda, Philippine Business Group in Vietnam (PBGV) chairman, told a group of Filipino...

Published on 3/9/2010, 9:28 AM by FilAmNation | 0 comment(s)

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