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Philippine News
Business confidence in RP improves further -- study
Breaking News - Fri, 08/20/2010 - 04:40
Business sentiment in the country has improved further to register a fresh two-year high, something monetary officials credited to optimism brought about by the entry of the new administration and favorable macroeconomic fundamentals.
Categories: Philippine News
5 foreign trade chambers to offer 3,000 jobs in October expo
Breaking News - Fri, 08/20/2010 - 04:40
Members of the different foreign chambers of commerce in the Philippines plan to offer at least 3,000 jobs and some 500 internship slots in an employment expo they plan to hold this October.
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
Asia's booming middle classes unmasked in new study
Breaking News - Fri, 08/20/2010 - 04:40
They are every marketeer's dream and the future of the world economy -- now Asia's aspirational middle classes have been laid bare in a major new study focusing on their astonishing growth.
Categories: Philippine News
BPI's P10-B rights offer fully subscribed
Breaking News - Fri, 08/20/2010 - 04:40
Investors snapped up a P10-billion stock rights offering by Ayala-led Bank of the Philippine Islands, a core capital-building exercise meant to boost the bank's expansion plans for the new decade.
Categories: Philippine News
Customs bureau files smuggling raps vs luxury car dealer
Breaking News - Fri, 08/20/2010 - 04:40
The Bureau of Customs (BoC) on Thursday filed smuggling cases against a luxury car dealer for defrauding the government of more than P68-million in duties and taxes for a span of only five months.
Categories: Philippine News
RP stocks up on strong Asian markets
Breaking News - Fri, 08/20/2010 - 04:40
Local stocks climbed for the fourth straight session Thursday on heavy trading alongside a buoyant regional market.
Categories: Philippine News
GM files for landmark public share offering
Breaking News - Fri, 08/20/2010 - 04:40
NEW YORK—US auto giant General Motors on Wednesday took the first step to selling shares to the public, seeking to free itself from government control after pulling back from the abyss of bankruptcy.
Categories: Philippine News
Mazda recalls 320,000 cars in North America
Breaking News - Thu, 08/19/2010 - 14:44
NEW YORK—Japan's Mazda is recalling nearly 320,000 vehicles in North America over a potentially deadly malfunction in their power steering, US authorities said Wednesday.
Categories: Philippine News
US stocks rise on positive earnings
Breaking News - Thu, 08/19/2010 - 14:44
NEW YORK—US stocks clawed back into positive territory on Wednesday for the second consecutive day after strong earning reports.
Categories: Philippine News
RP to ask private sector to build airport terminals
Breaking News - Wed, 08/18/2010 - 22:33
The cash-strapped Philippines said Wednesday it will call on the private sector to help build up to six airport terminals as it bids to boost the country's finances through increased tourism.
Categories: Philippine News
Court of Appeals rules in favor of Shell on cartelization case
Breaking News - Wed, 08/18/2010 - 22:33
The Court of Appeals (CA) has ruled in favor of Pilipinas Shell Petroleum Corp. (Shell) over allegations of monopolistic behavior, including predatory pricing and cartelization.
Categories: Philippine News
RP stocks up due to Wall Street rebound
Breaking News - Wed, 08/18/2010 - 22:33
Local stocks climbed for the third straight session on heavy trading as an overnight rebound in Wall Street further boosted risk-taking appetite.
Categories: Philippine News
Asian markets mixed despite bright US data
Breaking News - Wed, 08/18/2010 - 22:33
Asian markets were mixed Wednesday despite a strong Wall Street lead after a much-needed batch of good figures from the United States pointed to a brighter outlook for the world's biggest economy.
Categories: Philippine News
Dollar in tight range against yen
Breaking News - Wed, 08/18/2010 - 22:33
The dollar stayed within a narrow range Wednesday in Asia, slowing the recent appreciation of the yen thanks to bright economic data that eased worries over the US outlook.
Categories: Philippine News
Oil dips in Asian trade
Breaking News - Wed, 08/18/2010 - 22:33
SINGAPORE — Oil dipped in Asian trade Wednesday as investors locked in profits from a price rally overnight and on continued concerns over the global economic rebound.
Categories: Philippine News
Wall Street rallies amid positive data
Breaking News - Wed, 08/18/2010 - 22:33
NEW YORK—US stocks rallied Tuesday on the back of encouraging economic data and positive quarterly earnings from retail giant Wal-Mart.
Categories: Philippine News
China to loan Ecuador $1 billion
Breaking News - Wed, 08/18/2010 - 22:33
QUITO, Ecuador—China will loan a billion dollars to Ecuador for energy, oil, and telecommunications projects and a Chinese company is interested in investing another billion dollars in agricultural projects, Ecuadoran authorities said Tuesday.
Categories: Philippine News
World oil prices rally, ending five-day losing streak
Breaking News - Wed, 08/18/2010 - 22:33
NEW YORK—World oil prices rallied on Tuesday after five straight days of losses, thanks to a weaker dollar and rising equities following upbeat US economic data.
Categories: Philippine News
First Philippine Holdings post record high P27B in net income
Breaking News - Wed, 08/18/2010 - 04:53
The Lopez-led power holding firm First Philippine Holdings Corp. booked a record-high net income of P27 billion in the first half due to a hefty gain from the sale of additional shares in power distributor Manila Electric Co.
Categories: Philippine News
