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Philippine News
Gov’t paid P1.28B for geothermal plant
Breaking News - 3 hours 3 min ago
BacMan Geothermal, Inc., a wholly owned subsidiary of geothermal leader Energy Development Corp., paid the government P1.28 billion on Friday for the 150-megawatt Bacon-Manito geothermal power plant in Bicol.
Categories: Philippine News
Meralco customers may expect reduced bills this month
Breaking News - 3 hours 3 min ago
Consumers of power distributor Manila Electric Co. can expect their electricity bills to go down by 68.4 centavos per kilowatt-hour (kWh) this month, as the basic generation charge has fallen to P5.4119 per kWh, the power firm said.
Categories: Philippine News
RP stock market rallies; index up 1.86%
Breaking News - 3 hours 3 min ago
Local stocks rallied further on Friday as upbeat global markets boosted investors' risk appetite, pushing the index to a new multi-year high.
Categories: Philippine News
Young US women learn, earn more than men—study
Breaking News - 3 hours 3 min ago
After years of earning less than their male counterparts, some American women are catching up to and even overtaking men in terms of how much they earn, but only some of them, a study shows.
Categories: Philippine News
Wall Street jumps after positive jobs, housing data
Breaking News - 3 hours 3 min ago
NEW YORK—Wall Street stocks advanced Thursday as better-than-expected jobs and housing data helped sustain the previous day's boom ahead of a key monthly employment report.
Categories: Philippine News
Burger King OKs buyout as it struggles against rival
Breaking News - 3 hours 3 min ago
Burger King said Thursday it had accepted a $4-billion takeover bid by a little known investment firm, as the fast food chain tries to close the gap with leader McDonald's and expand overseas.
Categories: Philippine News
World oil prices soar on positive economic data
Breaking News - 3 hours 3 min ago
NEW YORK—World oil prices climbed Thursday on mostly positive US economic data indicating continued demand for the key commodity in the world's largest economy.
Categories: Philippine News
RP stocks in sharp rise following bullish Wall Street mood
Breaking News - Fri, 09/03/2010 - 02:39
Local stocks rose sharply on Thursday to hit a new multi-year high, riding on the bullish Wall Street sentiment inspired by upbeat manufacturing data in US and China.
Categories: Philippine News
Airline company curbs crew's Facebook musings
Breaking News - Fri, 09/03/2010 - 02:39
Singapore Airlines (SIA) has directed its flight attendants to avoid discussing work-related matters on Facebook and other social networking websites, company officials said Thursday.
Categories: Philippine News
PAL loses P15M on trip cancellations after hostage crisis
Breaking News - Fri, 09/03/2010 - 02:39
The country’s flag carrier Philippine Airlines suffered losses of P15 million (not $80 million as reported by the Philippine Daily Inquirer) following the August 23 hostage crisis that ended in the deaths of eight visiting Chinese nationals, the airline said in a statement.
Categories: Philippine News
Oil prices down in Asian trade
Breaking News - Fri, 09/03/2010 - 02:39
SINGAPORE – Oil prices edged slightly down in Asian trade Thursday after soaring in the US the previous day on strong US manufacturing data, analysts said.
Categories: Philippine News
3 RP firms in Forbes Asia’s 2010 ‘Best Under A Billion’ list
Breaking News - Fri, 09/03/2010 - 02:39
Three Philippine companies made it to the “Best Under A Billion” list for 2010 by Forbes Asia, according to an article in the magazine’s September issue.
Categories: Philippine News
Wall Street soars on strong US, China data
Breaking News - Fri, 09/03/2010 - 02:39
NEW YORK—Wall Street stocks soared on Wednesday after strong manufacturing data in the United States and China eased deep-running concerns over the state of the global economic recovery.
Categories: Philippine News
Oil prices soar on upbeat US, Chinese data
Breaking News - Fri, 09/03/2010 - 02:39
NEW YORK—Oil prices powered higher Wednesday in the wake of strong manufacturing data from leading energy consumers China and the United States.
Categories: Philippine News
Peso rebounds as Asian economies report sound fundamentals
Breaking News - Wed, 09/01/2010 - 22:48
The peso gained 29 centavos on Wednesday to wipe out the previous day's losses, benefiting from a shift in market sentiment from cautious to positive as neighboring Asian economies report favorable fundamentals.
Categories: Philippine News
Globe Asiatique suspends IPO
Breaking News - Wed, 09/01/2010 - 22:48
Housing developer Globe Asiatique Realty Holdings Corp. has deferred an initial public offering worth as much as P3.4 billion already approved by the Philippine Stock Exchange for this September, citing "weak global market conditions."
Categories: Philippine News
All in a day’s work with ‘Servathon’
Breaking News - Wed, 09/01/2010 - 22:48
Fourteen single mothers were given a special treat Wednesday.
Categories: Philippine News
New car sales in Japan surge 46.7 percent in August
Breaking News - Wed, 09/01/2010 - 22:48
New vehicle sales in Japan jumped 46.7 percent in August year-on-year, an auto industry group said Wednesday, as buyers rushed to make the most of soon-to-expire subsidies for green cars.
Categories: Philippine News
RP stocks in another surge, encouraged by Wall Street gain
Breaking News - Wed, 09/01/2010 - 22:48
Local stocks surged anew on Wednesday as a modest overnight gain in Wall Street spurred follow-through buying.
Categories: Philippine News
Firm tries to fight off open pit mining ban
Breaking News - Wed, 09/01/2010 - 22:48
The embattled firm Sagittarius Mining Inc. (SMI) has launched a campaign in schools here in an apparent bid to court community support for its open pit mining project.
Categories: Philippine News
