Philippines officials and most filipinos Hail the Performance of President Noy Aquino

Stressing that he is not used to praising himself, President Benigno S. Aquino III refused to give himself a performance grade as he marked his first 12 months in Malacañang Thursday.He, however, drew praises from his officials.Instead of grading himself, the President claimed his biggest achievement was that...

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$ 7.5 Billion Dollars for Oil and Gas Exploration in the Philippines - A1- A15 - DoE

The government is eyeing up to $7.5 billion in investments from the 15 new oil and gas exploration areas to be offered in the fourth Philippine Energy Contracting Round (PECR 4).During the PECR 4 launch yesterday, Energy Secretary Jose Rene Almendras said they expect an investment of about...

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the Philippines' president will visit China amid disputed claims over Spratly Islands

The Philippines — President Benigno Aquino III plans to visit China in coming weeks but the friendly gesture doesn’t mean the Philippines is backing down from its assertions Chinese forces intruded in its waters, an official said.The Philippines alleges Chinese forces intruded at least nine times into Manila-claimed...

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USA & the Philippines will push for Spratlys issue in ASEAN forum agenda

The United States and the Philippines have urged the Association of Southeast Asian Nations (ASEAN) Regional Forum (ARF) to tackle current tensions over the disputed Spratly islands when it meets later this month in Bali, Indonesia.“As a significant security forum, the issue of South China Sea disputes will...

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Philippines' Beauty Queen Wins on Defense of Spratlys

Sarah Osorio, an 18-year-old resident of a South China Sea coral outcrop, was crowned beauty queen of the Philippines’ Palawan province after she backed her country’s claims in the disputed waters. The win shows the popular appeal of the contest for control of the Spratlys that has sparked...

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The Philippines takes the lead for the Renewable Energy in Asia

Contrary to what many think, it is the developing countries, especially those in Asia, not the developed countries, who are taking the lead in the transition from fossil fuels to renewable energy.A recent working paper by the World Resources Institute (WRI), an environmental think-tank, called ‘Grounding Green Power”...

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At least 16 Foreign Firm Will Invest for Liquefied Natural Gas LNG in the Philippines

At least 12 foreign and four local firms have expressed interest in developing infrastructure for the storage and transportation of liquefied natural gas, official said.Energy Undersecretary Jose Layug said the companies planning to build an LNG infrastructure terminal, pipeline, or gas-fired power plants include the following:·        First Pacific...

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The Philippine Peso ₱ Rises From One-Week Low as Greece Concern Eases

The Philippine peso rebounded from a one-week low as European nations moved closer to an agreement that will help Greece avoid a default, boosting demand for emerging-market assets.Most Asian currencies and stocks advanced as Greek Prime Minister George Papandreou seeks approval from lawmakers for budget cuts and state...

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Cebu Pacific Air lowers fares anew to top local tourist destinations

The Philippines’ largest national flag carrier, Cebu Pacific offers a seat sale to top tourist destinations in the Philippines from June 28 to 29, 2011 or until seats last, for travel from August 1 to September 30, 2011.Passengers can buy P488 seats from Manila to Naga. Naga is...

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Asian Football teams start on road to the FIFA World Cup Brazil 2014

Asian football teams are on the qualifying rounds for the World Cup Brazil 2014. June 29, 2011; The Philippines and Sri Lanka fights for the qualifying round which Sri-Lanka and the Philippines’ Azkals scored 1-1 a s of 3:00PM Colombo time.Less than a year after Spain lifted the...

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Development Bank of the Philippines sets up credit facility for Overseas Filipino Workers (OFW)

The state-owned Development Bank of the Philippines has set up a financing facility called the “OFW Reintegration Program” to provide loans and other financial products to overseas-based Filipinos.The facility is aimed at pursuing the national government’s plan of providing income and investment opportunities to overseas-based Filipinos, with a...

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Philippines' Azkals National Football Team Could handle Brave Reds

THE Philippine Azkals national football team may have lost their last two tune-up games against two professional teams in Germany, but coach Hans Michael Weiss remained upbeat about their chances of beating the Sri Lanka Brave Reds on Wednesday.“Our team is ready despite two losses against strong German...

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San Miguel Corporation - Engineering & Construction bid for 3 airport projects in the Philippines

Philippines—Diversifying conglomerate San Miguel Corp. is investing about $300 million to modernize and set up new tourism amenities at the Boracay Airport; the main gateway to the world-famous Boracay Island.The conglomerate also plans to participate in the public bidding for the public-private partnership airport contracts for Palawan, Bohol...

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Millions North Korea soldiers out of post for Hunger and malnourished-report

North Korea is struggling to feed its army, according to new footage obtained from within the secretive state which shows a soldier complaining that his unit is weak from a lack of nutrition.The Australian Broadcasting Corporation said the video was taken by an undercover North Korean journalist over...

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Bank assets of the Philippines up 9.4% to ₱ 7.12 trillion as of Q1 2011

The Bank Assets of the Philippines up and remained stable and resilient as its total resources grew 9.4% in the first quarter of the year, data released by the Bangko Sentral ng Pilipinas (BSP) over the weekend showed. Statistics showed that the total assets of the banking industry...

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