The Supreme Court has affirmed the order last Nov. 5 of the Bataan Regional Trial Court granting the petition of Petron for the issuance of a writ of preliminary injunction to stop the Bataan provincial treasurer from proceeding with the public auction of its machineries and equipment in Lamao, Limay town, as payment for its P1.73-billion unpaid real property tax from 1994 to the first and second quarters of 2007.

Environment-friendly electric jeepneys now ply on major roads in Makati’s central business district from 7 a.m. to 7:30 p.m.

City & Land Developers Inc. plans to raise P200 million through the issuance of short-term commercial papers to fund its capital requirements this year.

Two former executives of the National Home Mortgage Finance Corp were charged Monday before the Sandiganbayan in connection with an alleged land-titling scam in Caloocan City.

Vice President and Pag-IBIG chairman Noli de Castro directed the fund to come to the aid of the victims of Typhoon Frank by expediting the processing of their calamity loan applications. In response, Pag-IBIG chief executive officer Romero Quimbo approved the allocation of P1.5 billion to help fund members, particularly in the Visayas.

The German-Philippine Chamber of Commerce and Industry called on the Philippine Government to remove restrictions on foreign ownership of lands in order to encourage more foreign investors.

Metro Pacific Investments Corp., the local investment arm of First Pacific Co. Ltd. of Hong Kong, is increasing its stake in DMCI-MPIC Water Co. Inc. to 55 percent.

The Board of Investments now requires low-cost mass housing developers to build socialized housing units equivalent to 20 percent of their project cost or area in order to avail of fiscal incentives.