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Pagcor releases P2B for classroom project

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PAGCOR, DepEd and DPWH inked a memorandum of agreement marking the 4th phase of the “Matuwid na Daan sa Silid-Aralan” school building program. The state-gaming firm provided an additional P2 billion for the project to fund the construction of more or less 1,500 classrooms in public schools nationwide. 

In photo (front row) are DepEd Secretary Bro. Armin Luistro (2nd from left), PAGCOR Chairman and CEO Cristino L. Naguiat, Jr., (middle), DPWH Secretary Rogelio Singson and other officials of the three agencies.

The Philippine Amusement and Gaming Corporation’s (Pagcor) has released an additional P2 billion for its “Matuwid na Daan Silid-Aralan” project, bringing its total contribution to the government’s school building program to a staggering P7 billion.

Posted: October 27th, 2014 in Latest Business Stories | Read More »

DOTC considered buying second-hand trains from Spain―Abaya

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Philippine Ratings Services Corp., a debt watcher, has upgraded the rating of the Metro Rail Transit Line 3’s debt.

To address the problem of long lines in the Metro Rail Train 3 system, the government had considered buying second-hand rails from Spain, Transportation Secretary Joseph Emilio Abaya told a Senate hearing on Wednesday.

Posted: October 1st, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

AirAsia Zest launches ‘fly-thru’ service to Australia

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AFP FILE PHOTO

AirAsia Zest on Tuesday announced its new “Fly-Thru” service from Ninoy Aquino International Airport Terminal 4 to Melbourne, Adelaide and Sydney in Australia with an “all-in introductory promo fares” from as low as P5,609.

Posted: July 8th, 2014 in Latest Business Stories | Read More »

Gov’t urged to apply full force of law vs hoarders

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bam-aquino

Senator Bam Aquino called on the government on Tuesday to apply the full force of the law on hoarders of rice, garlic and other market products, saying they must be “severely punished” for their illegal acts that resulted in sudden prices increases.

Posted: July 8th, 2014 in Latest Business Stories | Read More »

Pagcor to reduce intelligence expenses following criticisms

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pagcor

The Philippine Amusement and Gaming Corporation (Pagcor) is projecting a “much lower” disbursement of its intelligence funds this year as it vowed to find ways to further reduce its intelligence expenses.

Posted: June 30th, 2014 in Latest Business Stories | Read More »

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