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Stock index ends slightly higher Monday

Philippine stock index snapped two-day slump on Monday, ending slightly higher on the country’s March lower inflation.The Philippine Stock Exchange index (PSEi) rose 5.08 points to close at 6,732.22 from Friday’s 6,727.14 finish. An analyst said the moderate 2.8-percent inflation rate in March aided sentiment, favouring interest rate-sensitive sectors such as financials.The sub-indices of industrial, financials and mining and oil increased below 0.85 percent. Counters of services, property and holding firms fell slightly.

Con men target families of OFWs in Pangasinan

The Provincial Employment Services Office (PESO) on Monday warned the public on the new modus operandi of "budol-budol" whose members are now targeting the families of Overseas Filipino Workers (OFWs).PESO chief Alex Ferrer revealed during a forum here that his office recently received a report from a certain family of an OFW from Rosales, who was almost victimized by the members of the "budol-budol" gang.Ferrer said the alleged member of the gang told the family members that their relative met an accident abroad and was sent back to the country.

SM Prime redesigns to expand SM City Cabanatuan

SM Prime Holdings Inc.

Filipinos in Saudi told: Have papers in order

The Department of Foreign Affairs (DFA) on Tuesday reminded Filipino migrant workers in Saudi Arabia to make sure their work and residence documents were in order after the kingdom, one of the largest employers of overseas Filipino workers (OFWs), launched a crackdown against illegal aliens.DFA spokesperson Assistant Secretary Raul Hernandez likewise issued a general reminder to Filipinos seeking employment overseas to “go through the proper recruitment process and abide by the laws of the respective countries at all times.”He said the Philippine embassy in Riyadh and the con

Balik-Pinas-Balik Hanapbuhay' program benefits more than 100 OFWs from W. Visayas

More than a hundred distressed and displaced overseas Filipino workers (OFWs) from Western Visayas who were repatriated by the Overseas Workers Welfare Administration (OWWA) have benefited from the “Balik-Pinas-Balik Hanapbuhay” program.Under the program, OFWs are provided with starter kits for self-employment upon completion of skills or livelihood training extended by OWWA in partnership with the Technical Education Skills and Development Authority (TESDA).OWWA family welfare officer Jean Jover said they are preparing for the last leg of their six-leg training that will be

P49 M released to OFWs in W. Visayas under reintegration program

The Overseas Workers Welfare Administration (OWWA) here disclosed that a total of P49 million has already been released to 56 overseas Filipino workers (OFWs) from Western Visayas under the 2-Billion Peso Reintegration Program for OFWs as of end January this year.The highest number of approved loans in the region came from Iloilo with 21 OFWs; Negros Occidental, 17; Aklan, 12; five from Capiz and one from Guimaras.Welfare officer Rizza Joy H.

5 OFW dependents get OWWA-12 scholarship

Five dependents of overseas Filipino workers (OFWs) in Central Mindanao have availed of a scholarship program of the Overseas Workers Welfare Administration (OWWA), it was announced Friday.OWWA-12 Regional Director Abdulgani Umag identified the scholars as Gabrielle Fatth Gloria of San Lorenzo Ruiz Academy in Polomolok, South Cotabato, Kyrstianne de Pedro of Koronadal National Comprehensive High School, both of the Education for Development Scholarship Program of OWWA.Also beneficiaries of the scholarship program under the Congressional Migrant Workers Scholarship Program wer

Caloocan's Echiverri warns constituents on proliferation of fake peso bills

Caloocan Mayor Enrico “Recom”Echiverri on Thursday warned residents on the proliferation of fake peso bills after a man allegedly involved in the proliferation of fake money was arrested by the police.Echiverri issued the warning after a man identified as one Richard Santos, 40, of Sta. Cruz, Manila was arrested moments after he bought a pack of cigarettes from a store owned by one Maricel Soriano, 30, of J.

Philippine tycoon's banks merge

Two large banks controlled by one of the Philippines' richest men have merged, strengthening their position in the country's recovering economy, it was announced Monday. The near-century-old Philippine National Bank (PNB) and Allied Bank, both controlled by tycoon Lucio Tan, announced their merger, with PNB eventually to become the surviving entity. The merged bank, to be the country's fourth largest, will have total assets of 500 billion pesos ($12.2 billion) with 654 domestic branches and 378 billion pesos in deposits, said PNB marketing chief Emmanuel Tuazon.
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