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+ Follow HOUSE-SENATE JOINT RESOLUTION Tag
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[ArticleID] => 517882
[Title] => Nograles expresses support for realignment of CDF
[Summary] => Speaker Prospero Nograles expressed support yesterday for the proposal to realign one-fourth of the P70-million annual countryside development funds or pork barrel of each congressman to expedite the release of funds for the rehabilitation of typhoon-ravaged areas.
[DatePublished] => 2009-10-28 00:00:00
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[AuthorName] => Delon Porcalla
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HOUSE-SENATE JOINT RESOLUTION
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[ArticleID] => 517882
[Title] => Nograles expresses support for realignment of CDF
[Summary] => Speaker Prospero Nograles expressed support yesterday for the proposal to realign one-fourth of the P70-million annual countryside development funds or pork barrel of each congressman to expedite the release of funds for the rehabilitation of typhoon-ravaged areas.
[DatePublished] => 2009-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096652
[AuthorName] => Delon Porcalla
[SectionName] => Headlines
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abtest
By Delon Porcalla | October 28, 2009 - 12:00am
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ACEN Corp. has locked in P2.93 billion in financing from Bank of the Philippine Islands (BPI) to ramp up its battery storage expansion in Zambales.
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Telco giant PLDT Inc. has proceeded with the P2.94-billion buyout of a broadband unit as part of the push to expand national coverage.
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Up to P28 billion worth of repair requests from schools nationwide have been received by the Department of Education as classes are set to open on June 8.
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Foreign portfolio investments exited the Philippines in the first four months as investors turned more cautious amid geopolitical tensions, a strong dollar and uncertainty over global interest rates. Preliminary data from the Bangko Sentral ng Pilipinas showed registered foreign portfolio investments posted a net outflow of $4.41 billion from January to April, reversing the $923.34-million net inflow recorded in the same period last year.
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The Philippines will need about P30 billion to build a strategic oil reserve capable of providing an additional 30 days of fuel security in the event of supply disruptions, according to Energy Secretary Sharon Garin.
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