You are hereFeed aggregator / Categories / Philippine News
Philippine News
Dollar rebounds slightly against yen
Breaking News - Wed, 09/01/2010 - 22:48
TOKYO, Japan - The dollar strengthened against the yen on Wednesday as upbeat data helped lift sentiment for the global economic picture, but caution remained ahead of US payroll figures later this week, dealers said.
Categories: Philippine News
Oil sinks on US economic recovery fears
Breaking News - Wed, 09/01/2010 - 22:48
NEW YORK—Oil prices plummeted Tuesday for the second consecutive day as investors fretted over the pace of the US economic recovery and growing oil inventories.
Categories: Philippine News
Peso drops vs US dollar like other Asian currencies
Breaking News - Tue, 08/31/2010 - 16:54
The peso slipped on the first trading day of the week, consistent with the movement of other Asian currencies that were dragged by a less-than-expected growth performance of the US economy in the second quarter.
Categories: Philippine News
House unlikely to get DOF support on simplified tax system
Breaking News - Tue, 08/31/2010 - 16:54
The House of Representatives is not likely to get an ally in the Department of Finance (DoF) in its proposal to implement a simplified tax system that will reduce the tax rate from 12 percent to six percent, saying it will in fact make the end consumers pay more taxes.
Categories: Philippine News
Cable TV operators push for tougher legislation against signal theft
Breaking News - Tue, 08/31/2010 - 16:54
Local cable television operators are asking Congress to pass tougher legislation that will criminalize illegal connections, which are costing the industry billions of pesos in losses due to foregone revenue every year.
Categories: Philippine News
Cooking gas price raised by P2 per kilogram
Breaking News - Tue, 08/31/2010 - 16:54
(UPDATED) Liquefied petroleum gas retailers have raised prices of cooking gas by P2 per kilogram effective Tuesday.
Categories: Philippine News
RP stocks up on corporate window dressing
Breaking News - Tue, 08/31/2010 - 16:54
(UPDATE) Local stocks were modestly up on Tuesday partly due to month-end corporate window-dressing as trading resumed after a long weekend holiday.
Categories: Philippine News
T-bonds’ yield falls 108.9 basis points to 5.72%
Breaking News - Tue, 08/31/2010 - 16:54
(UPDATED) The yield on seven-year treasury bonds dropped by more than a percentage point to an average of 5.72 percent, on Tuesday, as the market for government securities continued to be "very liquid."
Categories: Philippine News
NZ lender collapses owing $1.13 to 35,000 depositors
Breaking News - Tue, 08/31/2010 - 16:54
WELLINGTON, New Zealand--One of New Zealand's largest non-bank lenders, South Canterbury Finance, collapsed Tuesday owing about 1.6 billion New Zealand dollars (1.13 billion US) to 35,000 depositors, officials said.
Categories: Philippine News
IBM completes acquisition of Storwize
Breaking News - Tue, 08/31/2010 - 16:54
NEW YORK—US computer giant IBM said Monday it has completed its acquisition of data storage company Storwize.
Categories: Philippine News
US stocks drop amid new fears for economy
Breaking News - Tue, 08/31/2010 - 16:54
NEW YORK—US stocks slumped Monday over weak consumer spending figures and ahead of key data later this week expected to show the US economic recovery is slowing down.
Categories: Philippine News
World oil prices drop amid new fear for US economy
Breaking News - Tue, 08/31/2010 - 16:54
NEW YORK—Oil prices dropped on Monday, ending three straight days of gains, as concerns returned over the pace of the recovery in the world's largest oil consumer, the United States.
Categories: Philippine News
T-bonds’ yield falls 108.9 basis points
Breaking News - Tue, 08/31/2010 - 14:11
The yield on the government’s seven-year treasury bonds fell by 108.9 basis points to an average of 5.72 percent amid "a very liquid market," National Treasurer Roberto Tan said on Tuesday.
Categories: Philippine News
Asian stocks rise but dollar falls on BoJ disappointment
Breaking News - Tue, 08/31/2010 - 08:10
PARIS, France — The yen gained ground Monday against the dollar and the euro despite action by the Bank of Japan to stem the rise of the currency.
Categories: Philippine News
Boracay initially loses P15M due to hostage crisis
Breaking News - Tue, 08/31/2010 - 08:10
Businesses in Boracay have lost P15 million in income opportunities due to the cancellation of bookings in Boracay by tourists from the Hong Kong territory and the rest of China following the bloody hostage-taking last week, the Department of Tourism (DoT) said.
Categories: Philippine News
Cebu traders eye investments in other RP cities
Breaking News - Tue, 08/31/2010 - 08:10
After going to other countries to generate business linkages, the Cebu Chamber of Commerce and Industry (CCCI) is exploring investment and trade opportunities in other Philippine cities.
Categories: Philippine News
Bank of Japan announces additional easing measures
Breaking News - Tue, 08/31/2010 - 08:10
The Bank of Japan decided at an emergency policy meeting Monday to expand its funding program introduced in December in an effort to safeguard a fragile recovery threatened by a strong yen.
Categories: Philippine News
Bank of Japan starts emergency policy meeting
Breaking News - Tue, 08/31/2010 - 08:10
The Bank of Japan was holding an emergency policy meeting Monday amid speculation it will implement additional easing measures to help the economy, which is being battered by a strong yen.
Categories: Philippine News
Stocks seen to move sideways this week
Breaking News - Tue, 08/31/2010 - 08:10
Local stocks will likely enter a consolidation phase this week as the market awaits more incentives to load up on equities before testing recent index highs.
Categories: Philippine News
Think-tank calls for rescue, not abolition of NFA
Breaking News - Tue, 08/31/2010 - 08:10
The National Food Authority must be transformed into an economically viable entity that will fulfill its mandate of pursuing food security and stabilize prices of rice for the benefit of underprivileged Filipino consumers.
Categories: Philippine News
