Ilonggo Senator Franklin Drilon as guest of honor received a token, a painting by artist Kinno Florentino, during the Culmination Dinner of Iloilo Business Week at Grand Xing Imperial Hotel Aug. 16. ILOILO CITY GOVERNMENT

Dinner/Show highlights Iloilo’s accomplishments, future challenges

ILOILO City - The recent Dinner/Show: Celebrating the Ilonggo Spirit was one of the most important highlights of Iloilo Business Week 2019. It featured elegant musical performances...
The Philippine Stock Exchange index slipped for the second consecutive day after it fell 0.42 percent, or 32.88 points, to 7,795.98 points. All Shares gave up 0.11 percent, or 5.21 points, to 4,741.14 points. MONEY

Peso gains, stocks drop on trade concerns

MANILA - Risk aversion remained high on account of the US-China trade issues but the Philippine peso managed to end the week up against the greenback...

Pag-IBIG Fund launches improved Loyalty Card Plus

Pag-IBIG Fund has launched an improved version of the popular Pag-IBIG Loyalty Card.  Now called the Pag-IBIG Loyalty Card Plus, the Fund’s discount and rewards card...
Bangko Sentral ng Pilipinas (BSP) explained in a statement on Tuesday that banks cannot increase ATM fees on their own and that any bank that intends to adjust ATM fees must formally file its request with the BSP. ECOMPAREMO

Banks cannot raise ATM fees without approval – BSP

MANILA – Any increase in fees for services made through automated teller machines (ATMs) need the approval of the Bangko Sentral ng Pilipinas (BSP). This was stressed...

Foreign selling, Hong Kong unrest drag PH shares lower

MANILA - Share prices on the Philippine Stock Exchange closed on a weak note on Tuesday as foreign funds sold off positions due to the US-China...
President Rodrigo Duterte signed Murang Kuryente Law on Aug. 8. Under this measure, P208 billion from the net government share of the Malampaya funds will be allocated to pay for the stranded contract costs and debts of the NPC (National Power Corporation). ABS-CBN NEWS

Duterte signs Murang Kuryente Law

MANILA - President Rodrigo Duterte has signed a law seeking to reduce electricity rates by allocating the government share from the Malampaya natural gas project in Palawan...
Vice President Leni Robredo

Robredo urges to rethink policy on offshore gaming

MANILA - Vice President Leni Robredo on Wednesday urged the government to review policies and regulate the entry of Philippine Offshore Gaming Operation workers, especially those coming...
Wall Street stocks soared overnight as US President Donald Trump backed off his September 1 deadline for 10 percent tariffs on the remaining Chinese imports, delaying duties on cellphones, laptops, and other consumer goods. POLITICO

Trump delays China tariff

TOKYO — Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in...

An easy guide to replacing car’s U-joints

Universal joints - or U-joints- are located on both ends of a driveshaft on rear-wheel-drive (RWD) vehicles, or they could be used on both ends...

3 possible causes of low oil engine pressure, how to fix them

THERE’S a red warning light on the gauge cluster of many cars that looks somewhat like a teapot with a drop near the spout. Obviously, it’s...