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Breaking News
Japan world's second-largest economy in first half—gov’t
Tue, 08/17/2010 - 06:13Japan 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
Mon, 08/16/2010 - 12:40Hong 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
Mon, 08/16/2010 - 12:40Local stocks succumbed to further profit-taking on Friday alongside jittery overseas markets.
Categories: Philippine News
Hong Kong stocks end 0.16 percent lower
Mon, 08/16/2010 - 12:40Hong 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
Mon, 08/16/2010 - 12:40Conglomerate 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
Mon, 08/16/2010 - 12:40MANILA, 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
Mon, 08/16/2010 - 12:40Oil 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
Alliance Global makes $500-M bond issue
Mon, 08/16/2010 - 12:40Tycoon Andrew Tan’s property and consumer-based holding firm Alliance Global Group Inc. debuted on the offshore debt market with a $500-million seven-year bond issue.
Categories: Philippine News
Ionics to set up operations in US
Mon, 08/16/2010 - 06:09The electronics manufacturing company Ionics Inc. is expanding in the United States with the establishment of a full service design and photocopying house in Silicon Valley.
Categories: Philippine News
US stocks drop after somber employment data
Mon, 08/16/2010 - 06:09US stocks extended losses Thursday as data showing an unexpected rise in weekly jobless claims refueled recovery fears in the world's biggest economy.
Categories: Philippine News
World oil prices drop sharply on demand fears
Mon, 08/16/2010 - 06:09World oil prices fell sharply for the third straight day Thursday amid market fears that demand will shrink against the backdrop of a possible global economic slowdown.
Categories: Philippine News
San Miguel interim profits slide
Thu, 08/12/2010 - 21:38Top Philippine conglomerate San Miguel Corp. said Thursday its net profits for the first half fell to P6.2 billion ($138 million), but that its move into the power sector had been a boon.
Categories: Philippine News
Vista Land nets P1.3B in first half of 2010, up 29%
Thu, 08/12/2010 - 21:38Property developer Vista Land & Lifescapes Inc. grew its first half net profits by 29 percent year-on-year to P1.3 billion on robust home sales driven by overseas Filipino worker-backed households.
Categories: Philippine News
Coconut export up 128% in first half of 2010—PCA
Thu, 08/12/2010 - 21:38The Philippines' coconut export jumped by 128 percent to 1.3 million metric tons in the first half of the year compared to data in the same period in 2009.
Categories: Philippine News
RP stocks tumble on Wall Street bloodbath
Thu, 08/12/2010 - 21:38(UPDATE) Local stocks tumbled on Thursday following an overnight bloodbath in Wall Street that was triggered by global concerns on the fragile global economic recovery.
Categories: Philippine News
Asian shares dive on renewed recovery fears
Thu, 08/12/2010 - 21:38Fresh doubts over the durability of the global economic recovery sent a chill through Asian markets Thursday, as shares tumbled and the dollar teetered near 15-year lows against the yen.
Categories: Philippine News
Oil plunges further in Asian trade
Thu, 08/12/2010 - 21:38SINGAPORE – Oil prices sank further in Asian trade Thursday, as a slew of negative economic data worldwide ignited concerns over the fragile state of the global economic recovery, analysts said.
Categories: Philippine News
Germany set for striking growth numbers—analysts
Thu, 08/12/2010 - 21:38Germany has got a massive boost from the global economy after the country's worst post-war recession last year and with latest growth figures due on Friday, analysts are now bracing for the best.
Categories: Philippine News
Gloom reigns as US recovery slows
Thu, 08/12/2010 - 21:38World markets were thrown into turmoil Wednesday as investors worried that US growth -- a key engine of the global economy -- is coming coughing and spluttering to a halt.
Categories: Philippine News
Australia's Qantas profits down 4.3 percent
Thu, 08/12/2010 - 21:38SYDNEY, Australia—Australia's Qantas Airways Thursday announced a 4.3-percent drop in full-year net profits but said conditions were improving as the industry recovers from its battering in the financial crisis.
Categories: Philippine News
