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Philippine News
US stocks slide over global concerns
Breaking News - Thu, 09/09/2010 - 15:39
NEW YORK—Wall Street stocks closed low on Tuesday as traders returning from a long weekend holiday cashed in on last week's robust gains amid concerns over the European banking system.
Categories: Philippine News
MWSS told to return billions of pesos in unimplemented projects
Breaking News - Wed, 09/08/2010 - 01:22
The Metropolitan Water Works and Sewerage Systems (MWSS) and its concessionaires should return to its consumers the billions of pesos they have collected in advance for projects that were never implemented, a neophyte lawmaker said on Tuesday.
Categories: Philippine News
RP foreign currency reserves hit ‘historic high’ of $49.6B in August
Breaking News - Wed, 09/08/2010 - 01:22
The country’s reserves of foreign currencies -- which is wealth that determines its ability to purchase imports and engage in other commercial transactions with the rest of the world -- posted yet another historic high of $49.6 billion in August.
Categories: Philippine News
Peso drops as forex markets prevent sharp currency upswings
Breaking News - Wed, 09/08/2010 - 01:22
The peso ended on Tuesday its appreciation the previous days as speculations arose that Asian central banks may intervene more in the foreign exchange markets to prevent sharp currency appreciation.
Categories: Philippine News
Pag-IBIG starts blacklist proceedings vs Globe Asiatique over housing loans
Breaking News - Wed, 09/08/2010 - 01:22
The Home Development Mutual Fund (Pag-IBIG Fund) is set to blacklist controversial real estate developer Globe Asiatique, according to the officer-in-charge of the state-run firm.
Categories: Philippine News
DoE bats for P2B rehabilitation of Agus hydropower complex
Breaking News - Wed, 09/08/2010 - 01:22
The Department of Energy is seeking congressional approval of the proposed P2-billion rehabilitation of the Agus hydropower complex in Mindanao to shore up the power generating capacity of the facility.
Categories: Philippine News
RP stocks continue rally on 6th day, mark new 3-year high
Breaking News - Wed, 09/08/2010 - 01:22
Local stocks extended their rally for the sixth straight day as a renewed buying binge late in the session propelled the index to a fresh three-year high.
Categories: Philippine News
RP’s inflation rate settles at 4% in August
Breaking News - Wed, 09/08/2010 - 01:22
The country was able to stay within its targeted inflation in the month of August.
Categories: Philippine News
Dollar rises against euro on concerns over European banks
Breaking News - Wed, 09/08/2010 - 01:22
TOKYO – The dollar rose against the euro in Asia on Tuesday on rekindled concerns over the health of European banks, dealers said.
Categories: Philippine News
Chevron hikes oil products by 50 centavos
Breaking News - Wed, 09/08/2010 - 01:22
Chevron Philippines Inc. on Tuesday increased the prices of its oil products by P0.50 per liter, an official said.
Categories: Philippine News
World oil prices mixed
Breaking News - Tue, 09/07/2010 - 03:25
LONDON, United Kingdom- World oil prices diverged on Monday, the end of the traditional peak demand season for motor fuel in the United States.
Categories: Philippine News
First Gen inks $142-M loan
Breaking News - Tue, 09/07/2010 - 03:25
The Lopez-led First Gen Corp. signed on Monday a $142-million loan, which would be used largely to fund investments and finance capital requirements for the various growth initiatives of the company.
Categories: Philippine News
91-day T-bills’ yield up
Breaking News - Tue, 09/07/2010 - 03:25
Yield on the benchmark 91-day treasury bills went up by a basis point to an average of 3.946 percent, on Monday, the Bureau of Treasury said.
Categories: Philippine News
RP stocks keep slim gain
Breaking News - Tue, 09/07/2010 - 03:25
Local stocks sustained a slim gain on Monday to climb to a new high in nearly three years on the back of strong risk appetite across global markets.
Categories: Philippine News
Obama to propose 100-billion tax credit—report
Breaking News - Tue, 09/07/2010 - 03:25
President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported late Sunday.
Categories: Philippine News
Consumers to pay part of P932B debts of energy sector—DoE chief
Breaking News - Tue, 09/07/2010 - 03:25
The country’s energy sector has incurred a whopping P932 billion in debts and liabilities and consumers would have to shoulder part of the burden of paying of the debts, Energy Secretary Jose Rene D. Almendras said on Monday.
Categories: Philippine News
Dollar range-bound after US jobs data
Breaking News - Tue, 09/07/2010 - 03:25
The dollar was range-bound against other major currencies in Asia on Monday as the market looked for fresh trading pegs after a better-than-expected US jobs report, analysts said.
Categories: Philippine News
Gov’t paid P1.28B for geothermal plant
Breaking News - Mon, 09/06/2010 - 04:25
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 - Mon, 09/06/2010 - 04:25
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 - Mon, 09/06/2010 - 04:25
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
