You are hereFeed aggregator / Categories / Philippine News
Philippine News
Despite dip in production, RP has enough rice–Banayo
Breaking News - Tue, 08/24/2010 - 07:50
Despite a dip in rice production in the first half of 2010, the country has enough rice in storage to offset a possible shortfall in the next two quarters, according to the National Food Authority (NFA).
Categories: Philippine News
US bars Taiwan executives from leaving – company
Breaking News - Sun, 08/22/2010 - 14:40
TAIPEI – A leading Taiwan flat-screen maker said Sunday its three top executives had been barred from leaving the United States for their alleged role in a price-fixing case.
Categories: Philippine News
PAL reports lower Q1 income of $31.6M
Breaking News - Sun, 08/22/2010 - 14:40
The country’s flag carrier Philippine Airlines (PAL) reported total comprehensive income of $31.6 million for its peak months April to June 2010, down by $3.9 million or 11 percent from the same period last year.
Categories: Philippine News
SMC decides to sell only minority stake in Pure Foods
Breaking News - Sat, 08/21/2010 - 08:54
Conglomerate San Miguel Corp. has struck down proposals made by two shortlisted bidders to acquire a controlling stake in its food unit San Miguel Pure Foods Co.
Categories: Philippine News
Industry to be consulted before importation of sugar
Breaking News - Sat, 08/21/2010 - 08:54
Agriculture Secretary Proceso Alcala and the incoming head of the Sugar Regulatory Administration, Regina Bautista Martin, have assured sugar industry stakeholders they would be consulted before the government resorts to any importation of sugar.
Categories: Philippine News
US banking giant probes swindling of Binondo clients
Breaking News - Sat, 08/21/2010 - 08:54
American banking giant Citibank is investigating some "questionable" transactions initiated by a wealth management executive suspected to have swindled some clients of the foreign bank's Binondo branch.
Categories: Philippine News
Napocor, Power Board ordered to pay retirees P300M
Breaking News - Sat, 08/21/2010 - 08:54
The National Power Corp. and the National Power Board have been ordered by a Quezon City court to pay a total of P300 million to a group of retirees who alleged they got less than what they were supposed to when they opted to retire early under the company’s restructuring program.
Categories: Philippine News
No ‘open skies’ policy yet—Palace spokesman
Breaking News - Sat, 08/21/2010 - 08:54
MANILA, Philippines – An open skies policy that frees up the country’s air routes to foreign carriers has yet to be adopted by the Aquino administration, a presidential spokesman told reporters on Friday.
Categories: Philippine News
RP stockmart brings in bigger share of investment flows to Asia
Breaking News - Sat, 08/21/2010 - 08:54
The Philippine stock market, one of the best performing in the region, is starting to attract a bigger share of foreign portfolio inflows to Asian emerging markets.
Categories: Philippine News
RP stocks hit 31-month high
Breaking News - Sat, 08/21/2010 - 08:54
Buoyant investor sentiment allowed local stocks to extend their winning streak for a fifth day and hit a 31-month high on Friday despite an overnight bloodbath on Wall Street.
Categories: Philippine News
Local oil firms may import ethanol beyond 2011
Breaking News - Sat, 08/21/2010 - 08:54
The Department of Energy is finalizing guidelines that will allow local oil companies to import ethanol even after February 2011, to enable them to comply with the mandated 10-percent ethanol blending in all gasoline products.
Categories: Philippine News
MUSX Corp. sells semiconductor business
Breaking News - Sat, 08/21/2010 - 08:54
The holding company MUSX Corp. has agreed to sell out of the semiconductor manufacturing business, which it now deems "too high risk and too capital intensive," to the same people managing this erstwhile core business.
Categories: Philippine News
Dollar drops against main currencies over economic fear
Breaking News - Sat, 08/21/2010 - 08:54
NEW YORK—The dollar fell against most leading currencies on Thursday as grim economic data dampened hopes of US recovery.
Categories: Philippine News
Wall Street slumps on poor economic data
Breaking News - Sat, 08/21/2010 - 08:54
NEW YORK—Wall Street stocks slumped on Thursday, ending a two-day rally as disappointing unemployment and industrial data rekindled worries about the recovery of the US economy.
Categories: Philippine News
US jobless claims jump to 500,000
Breaking News - Sat, 08/21/2010 - 08:54
The number of Americans filing new weekly claims for jobless benefits jumped unexpectedly to 500,000, the highest level in nine months, the government said Thursday, threatening recovery hopes.
Categories: Philippine News
Oil prices sink on dire US economic data
Breaking News - Fri, 08/20/2010 - 13:04
Oil prices fell sharply Thursday in response to a batch of weak data which sparked fresh fears about the US economic recovery.
Categories: Philippine News
Peso rises to P44-to-dollar level
Breaking News - Fri, 08/20/2010 - 04:40
The peso appreciated back to the 44-to-a-dollar level on Thursday to lead other Asian currencies in their rising trend.
Categories: Philippine News
Petron to launch cheap gas for passenger vehicles, boats, farm machines
Breaking News - Fri, 08/20/2010 - 04:40
In a bid to make cheap gasoline available to more Filipinos, oil giant Petron Corp. will sell starting this Friday its Petron Pinoy Gasoline brand—a more affordable gasoline formulation for public utility vehicles, bancas and farm equipment.
Categories: Philippine News
PNOC-EC explores areas in 5 countries
Breaking News - Fri, 08/20/2010 - 04:40
The PNOC-Exploration Corp., the upstream oil and coal arm of the state-run Philippine National Oil Co., is setting its sights on five countries where it plans to further expand its exploration business.
Categories: Philippine News
SEC approves declassification of San Miguel shares
Breaking News - Fri, 08/20/2010 - 04:40
Shares of the conglomerate San Miguel Corp. are set to be declassified effective Aug. 26 to henceforth scrap the distinction between those that can be traded only by local investors and those that can be held by anyone.
Categories: Philippine News
