Police arrest clerk who allegedly stole P750m worth of stocks from firm

November 8, 2019

Operatives from the Anti-Cybercrime Group (ACG) of the Philippine National Police (PNP) have arrested an employee of R&L Investments Inc. who allegedly stole at least P750 million worth of stocks from the firm. Police Brig Gen. Bernard Banac, the PNP

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Duterte says “good” for Robredo to be drug czar

November 7, 2019

President Rodrigo Duterte has lauded Vice President Leni Robredo’s acceptance of his offer to be the drug czar, Malacanang said on Thursday. In a press briefing, Presidential Spokesperson Salvador Panelo, however, said that if UN special rapporteur Agnes Callamard seeks

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PSE index, peso up on third quarter growth

November 7, 2019

The main Philippine stock index gained on Thursday following announcement that the economy grew in the third quarter after two quarters of slower growth. Gross domestic product reached 6.2 percent, surpassing six percent in the same period last year and

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Duterte OKs release of P1 billion to address ASF

November 7, 2019

President Rodrigo Duterte has approved the release of P1 billion to be used in the government’s effort against the spread of the African swine fever, Malacanang said on Thursday. In a statement, Presidential Spokesperson Salvador Panelo said that during the

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Duterte wants to ban use of plastics – Palace

November 7, 2019

President Rodrigo Duterte has expressed interest to ban the use of plastics in the country, Malacanang said on Thursday. In a statement, Presidential Spokesperson Salvador Panelo said Duterte brought up the idea during the 43rd Cabinet meeting, which he presided

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MRT-3 says short circuit caused a train to emit smoke last Monday

November 7, 2019

The Metro Rail Transit 3 (MRT-3) on Thursday said a short circuit caused smoke to emit from one of its trains last Monday.  In a statement, Sumitomo-MHI (Mistsubishi Heavy Industries)-TESP’s (TES Philippines) investigation showed a short circuit occurred in the

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Philippine economy grew 6.2% in Q3 – Pernia

November 7, 2019

The Philippine economy grew by 6.2 percent in the third quarter, raising government’s optimism to easily reach its six percent low-end gross domestic product growth target for this year, Socioeconomic Planning Secretary Ernesto Pernia said on Thursday. GDP growth during

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”Quiel” now severe tropical storm

November 7, 2019

“Quiel” strengthened as it turned into a severe tropical storm, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said Thursday.  According to Pagasa, ”Quiel” intensified as it gained maximum winds of 95 kilometers per hour and gusts of up

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