National

RORO death toll now at 8

The death toll on the sunken RORO vessel Maharlika II has now risen to 8. Authorities are expecting that there will be more casualties in the tragedy. This is because the number of passengers listed does not tally with the number of passengers rescued as well as the number of passengers missing. The Coast Guard said that overloading was not the reason why the vessel sank, adding that it has the capacity to carry 405. […]

Mayon Volcano on Alert Level 3

PHIVOLCS raised Mayon Volcano to Alert Level 3 as it continues to register volcanic activity. PHIVOLCS added that they recorded a rockfall event in the said volcano. Low-level volcanic earthquakes were also recorded, indicating volcanic gas activity. Due to the abnormalities shown by the volcano, PHIVOLCS raised the 6 kilometer-radius permanent danger zone as well as the 7 km-radius extended danger zone in the southeast part of the volcano due to threats of rockfall, landslide […]

Oil companies implemented price rollback

70 centavos per liter of diesel and 65 centavos per liter of kerosene were implemented by Shell, Petron, Phoenix and Seaoil. 25 centavos per liter of gasoline was implemented by Shell while Seaoil and Petron implemented a 30 centavos rollback per liter of gasoline. PTT Philippines implemented a 75 centavos rollback per liter of kerosene and 25 centavos per liter of gasoline. Other oil companies are expected to follow.

Aquino invites Spanish investors to do business in the Philippines

President Benigno S. Aquino III invited Spanish businessmen to invest in the Philippines, saying major achievements of his administration in the economic front and in the fight against corruption have prepared the country to be an investment haven in Asia.“As the Spanish economy shows encouraging signs of recovery, I believe that this is an opportune time to invite you to invest in a resurgent economy,” President Aquino told the Networking with the Philippine Business Delegation […]

VP Binay postpones speech

Vice-President Jejomar Binay postpones his speech regarding the over-priced Makati building, instead opting to visit northern Luzon to see the damage caused by “Luis”.