Philex Mining Corporation has resumed operations at its Padcal Mines, in Benguet, after the Pollution Adjudication Board (PAB) lifted its temporary suspension.

The Philippine government plans to propose legislative measures to ease curbs on foreign direct investments and help reduce unemployment, Economic Planning Secretary Arsenio Balisacan said.

The government’s administration’s expenses in subsidizing the operations of state-owned, controlled corporations, and financial institutions in 2012 exceeded the target, but lower compared with the previous year.

More jobseekers have sought the refuge of online job portals to land into jobs that they desire either for local or overseas placements as more companies rely their supply of human resources from online applications.

Philippine ventures of billionaire Anthoni Salim’s First Pacific Co. plan telecommunications, power and water investments in Myanmar, Vietnam and Thailand to tap rising demand, Chief Executive Officer Manuel Pangilinan said.

Luxury leisure property developer Landco Pacific Corporation reported a 17 percent hike in nationwide sales from three of its main property segments to P3.09 billion last year from the P2.65 billion posted in 2011.

For the second year, Smart Communications, Inc. (Smart) dominated the Anvil Awards, receiving a total of 14 awards for initiatives in the areas of brand communication, digital communication, disaster preparedness and response, education, environment, health, human resources, livelihood and technopreneurship.  In 2012, Smart also topped the Anvil Awards with 31 awards – making it the first company to achieve such a feat in Anvil history.

Do you know that there is an oriental herb that has a stimulating effect on the brain? I am referring to gotu kola, a creeping plant that grows in our country as well as in other countries like India, Sri Lanka, Madagascar, South Africa, Japan, China, Indonesia and the South Pacific. 

The scheduled pass-on of the universal charge (UC) of the Power Sector Assets and Liabilities Management Corporation (PSALM) for stranded contract costs (SCC) will slightly raise the charges to be billed by Manila Electric Company (Meralco) this month by P0.101 per kilowatt hour.

The Bangko Sentral ng Pilipinas (BSP) yesterday issued the official circular that further restricted banks’ non-deliverable forwards (NDF) in peso and allowed banks two more months to comply with the new rules.

The Asian Development Bank (ADB) is providing the Philippine government with $12.7 million worth of grants to fund a pilot youth job placement program and improve skills in the country’s tourism sector.

The Philippine government is supporting the nomination of Japan’s Vice Minister of Finance Takehiko Nakao to replace Haruhiko Kuroda as president of the Asian Development Bank whose headquarters are located in Metro Manila. 

The fund raising of Petron Corporation via the issuance of undated subordinated capital securities had been increased up to $750 million, the company has noted in its disclosure to the local bourse.

The 82-megawatt capacity expansion of Toledo Power Company (TPC) has finally secured P7.0 billion financing from a syndicate of local banks.

Groceries, retailers, and sari-sari stores sell shampoos cheaper by sachets than by bottles. The trend of the prices is as packs go smaller, so does the price per quantity of the products.

Tycoon George Ty-controlled Metropolitan Bank & Trust Co. (Metrobank) yesterday reported a 2012 consolidated net income of P15.4 billion, up 40 percent year-on-year.

Emboldened by the progress of the beneficiaries of the Hapinoy micro-entrepreneur program, MasterCard Worldwide donated an additional $25,000.00 to the micro-entrepreneurship venture to widen its reach in improving the lives of people in nationwide through micro-business.

China Banking Corporation, the country’s first privately-owned commercial bank, posted an audited consolidated net income of P5.03 billion for 2012, slightly higher than the P5.01 billion earned in 2011.

The value of the stock market will exceed the size of the economy this year for the first time as low interest rates and faster economic growth spur a record equity rally, the second biggest Philippine fund manager predicted yesterday.

Philippines rises 12 places in the 2013 Travel and Tourism Competitiveness Report making it the most improved country ranking 16th out of 25 in the Asia Pacific region and 82nd among 140 countries globally.