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86% of Pinoys have no bank deposits

By Mary Grace Padin/The Philippine Star – Most Philippine households or 86 percent don’t have bank accounts due to various reasons, including not having enough money to deposit and lack of trust in banks, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. The figure indicated only two Read more »

Nickelodeon theme park construction to push through — developer

By Louise Maureen Simeon/philstar.com – The developer of the planned Nickelodeon theme park in Palawan has confirmed that the attraction will push through but clarified that this would not be “underwater” contrary to earlier reports. Developer Coral World Park Undersea Resorts Inc. said the undersea-themed master planned development is not Read more »

Massive 7.3-magnitude underwater earthquake strikes off the Philippines

A massive 7.3 magnitude underwater earthquake has struck off the coast of the Philippines, it has emerged. The quake, southeast of the island of Jolo , was measured at a depth of 380 miles in the Celebes Sea, the US Geological Survey said. But Philippine seismologists say it was far Read more »

Filipino wins nearly P5 million after making halfcourt shot at Lakers game

Jerald Acoba, a 30-year-old Filipino based in Tulare, California, became a rich man on Tuesday, January 3 (Wednesday morning, Manila time). During the Los Angeles Lakers’ victory over the Memphis Grizzlies at the Staples Center, Acoba converted a halfcourt shot to win the MGM Big Shot Jackpot contest. After Read more »

Over 100 inmates escape in Kidapawan City jail siege

By VJ Bacungan/CNN Philippines – Authorities are in hot pursuit of over 100 inmates who escaped the North Cotabato District Jail in Kidapawan City early Wednesday morning following an armed siege at the prison. Acting Provincial Jail Warden Supt. Peter John Bongngat Jr. told CNN Philippines the attack happened Read more »

Welcome To The Future Of Bus Travel In The Philippines

By Casey Hynes /forbes.com – Au Soriano worked in the corporate telecommunications world for decades before she became an entrepreneur. She always wanted to start her own business, but until 2013, she wasn’t sure what type of company that would be. Then she decided to leave the corporate world and Read more »