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Philippine News
RP stocks climb as bargain hunters outplay profit-takers
Breaking News - Wed, 08/18/2010 - 04:53
Local stocks crept up on Tuesday, shrugging off a cautious overseas environment for the second day in a row, as bargain-hunters overpowered profit-takers to push up the index back to the 3,500 level.
Categories: Philippine News
PNB net profit grows 18% to P1.8B in first half
Breaking News - Wed, 08/18/2010 - 04:53
Tycoon Lucio Tan-led Philippine National Bank boosted its first-semester net profit by 18 percent year-on-year to P1.8 billion due to higher fees and treasury gains.
Categories: Philippine News
BIR collects P63.8B in July, falls short of target by 5.3%
Breaking News - Wed, 08/18/2010 - 04:53
A preliminary report of the Bureau of Internal Revenue shows that the agency collected P63.8 billion in taxes last July, a shortfall of 5.3 percent from the target of P67.4 billion.
Categories: Philippine News
Oil prices rebound in Asian trade, above $75
Breaking News - Wed, 08/18/2010 - 04:53
SINGAPORE—Oil rebounded in Asian trade Tuesday after five straight days of losses, but trading was subdued due to concerns over the strength of the global economic recovery and the impact on energy demand.
Categories: Philippine News
Flour millers to hike prices
Breaking News - Wed, 08/18/2010 - 04:53
Members of the Philippine Association of Flour Millers (Pafmil) will increase the prices of both hard and soft flour to reflect the surge in wheat prices brought about by Russia’s ban on grain exportation.
Categories: Philippine News
Dollar down on profit-taking
Breaking News - Wed, 08/18/2010 - 04:53
NEW YORK, United States—The US dollar fell against most key currencies Monday as investors locked in profits following the greenback's strong gains last week.
Categories: Philippine News
World oil prices slip on weak Japanese growth data
Breaking News - Wed, 08/18/2010 - 04:53
NEW YORK—World oil prices slid on Monday after Japan reported a sharp slowdown in second quarter growth, fanning worries about weak energy demand.
Categories: Philippine News
ATR KimEng boosts net profit to P144M in first half
Breaking News - Tue, 08/17/2010 - 06:13
Financial services group ATR KimEng Financial Corp. boosted its first-semester consolidated net profit by 52.2 percent to P144 million on robust insurance, trading and interest earnings.
Categories: Philippine News
Remittances from OFWs soar in June
Breaking News - Tue, 08/17/2010 - 06:13
Remittances reached an all-time high in June, thanks to global economic recovery that fueled an increase in employment opportunities and to sustained demand specifically for Filipino workers.
Categories: Philippine News
PSE posts 91% increase in net profits in first half
Breaking News - Tue, 08/17/2010 - 06:13
The Philippine Stock Exchange jacked up its first-semester net profits by 91 percent year-on-year to P148.3 million on higher listing and trading-related revenues coupled with lower operating expenses.
Categories: Philippine News
RP stocks in modest growth on selective bargain-hunting
Breaking News - Tue, 08/17/2010 - 06:13
Local stocks modestly gained on Monday, defying a cautious environment overseas, on the back of selective bargain-hunting.
Categories: Philippine News
Dollar under pressure in Asia
Breaking News - Tue, 08/17/2010 - 06:13
TOKYO, Japan — The dollar was under pressure in Asian trade Monday as investors closely watched for possible steps Japanese authorities may take against the yen's strength, dealers said.
Categories: Philippine News
San Miguel gets controlling stake of Bell Telecommunication
Breaking News - Tue, 08/17/2010 - 06:13
Diversifying San Miguel Corp. has acquired a controlling stake in a second telecommunications platform, Bell Telecommunication Philippines Inc., to beef up its entry into the highly competitive voice, data, and video business.
Categories: Philippine News
Japan world's second-largest economy in first half—gov’t
Breaking News - Tue, 08/17/2010 - 06:13
Japan held onto its position as the world's second biggest economy ahead of surging China in the first half of 2010, a government official said Monday, after data showed growth sharply slowed in April-June.
Categories: Philippine News
Hong Kong to increase land supply to avoid bubble
Breaking News - Mon, 08/16/2010 - 12:40
Hong Kong's government said Friday it would further increase land supply to avoid a property bubble, warning that prices of some flats are approaching historic highs.
Categories: Philippine News
RP stocks down on further profit-taking
Breaking News - Mon, 08/16/2010 - 12:40
Local stocks succumbed to further profit-taking on Friday alongside jittery overseas markets.
Categories: Philippine News
Hong Kong stocks end 0.16 percent lower
Breaking News - Mon, 08/16/2010 - 12:40
Hong Kong stocks fell for a fourth-straight session Friday, edging down 0.16 percent as traders were unable to shake off concerns over the global economy.
Categories: Philippine News
Ayala earns P4.4 B in first half
Breaking News - Mon, 08/16/2010 - 12:40
Conglomerate Ayala Corp. boosted its first semester consolidated net profit by 9 percent year-on-year to P4.4 billion mostly on robust contributions from its real estate and banking units.
Categories: Philippine News
Chinese businessmen accused of tax evasion
Breaking News - Mon, 08/16/2010 - 12:40
MANILA, Philippines — Taxmen said Friday they want four Chinese construction company officials jailed and fined for scheming to avoid paying nearly $16 million in taxes.
Categories: Philippine News
Oil rebounds in Asia but economic concerns weigh
Breaking News - Mon, 08/16/2010 - 12:40
Oil prices rebounded in Asian trade Friday on bargain-hunting but analysts said the fragile state of the global economic recovery continues to weigh on the market.
Categories: Philippine News
