Philippines: Bank Lending Grows Slower in February
MANILA -- Total outstanding loans of commercial banks, thrift banks and rural banks in February at P1.967 trillion grew by 7.7 percent compared to the 9.4 percent increase registered in…
Philippines: OFW Remittances Up
MANILA — Overseas Filipino workers? (OFWs) remittances coursed through banks in February recorded over a billion mark at US$1.1 billion, expanding year-on-year by 25.4 percent. This brought the year-to-date level of remittances to US$2.2 billion, or 22.6 percent higher than the US$1.8 billion recorded a year ago. Remittances coursed through banks are expected to grow by 10 percent to US$14.0 billion in 2007.
Philippines: Communists Nab Army Sergeant in Davao Oriental
DAVAO CITY – The military on Wednesday confirmed the abduction of an Army sergeant on April 13 in sitio Hulid, Barangay Aragon, Cateel town in Davao Oriental.
Col. Benito de Leon, spokesman of the 10th Infantry Division, identified the abducted soldier as Staff Sergeant Albert Baludoya, detachment commander of the 72nd Infantry Batallion based in the area.
Five ComVal Towns ‘Hot Spots’ Due to NPA
DAVAO CITY – Five towns in Compostela Valley are placed under areas of immediate concern of the Commission on Elections (Comelec) due to heightened communist insurgency in those places.
Sr. Supt. Nestor Quinsay, Compostela Valley police director, identified the five as Monkayo, Laak, New Bataan, Pantukan and Montevista.
Philippines’s Pacquiao Blazes Campaign Trail
GENERAL SANTOS CITY -? Boxing icon Manny “Pacman” Pacquiao appears to have scrapped his usual post-fight break this time in favor of yet another fight.
Barely three days after successfully defending his World Boxing Council International Super Featerweight title in San Antonio, Texas last Sunday, Pacquiao returned home this morning to prepare for his May 14 matchup against incumbent Rep. Darlene Antonino-Custodio for the first district congressional seat of South Cotabato.