Business Headlines

Sun, Aug 15 2010
PNoy admin to privatize govt TV stations

PNoy admin to privatize govt TV stations

The Aquino administration is eyeing the privatization of sequestered television stations RPN 9 and IBC 13 after two years at the earliest, Presidential Communications Office (PCO) secretary Herminio Coloma... 

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Sun, Mar 28 2010
BSP okays $280-million World Bank loans

BSP okays $280-million World Bank loans

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has approved in principle two loans worth $280 million from the World Bank (WB) to finance the government’s food crisis response development... 

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Sun, Mar 14 2010
Better export outlook possible — BSP official

Better export outlook possible — BSP official

The central bank wants the government’s export target this year increased after product sales abroad posted their fastest growth in almost 15 years in January amid the global economic recovery. The revision... 

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Sun, Mar 14 2010
PCCI says nuclear energy to solve power crisis

PCCI says nuclear energy to solve power crisis

MANILA, Philippines – The government should seriously consider tapping nuclear energy to address the power crisis in the country, the Philippine Chamber of Commerce and Industry (PCCI) said on Friday. PCCI... 

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Sun, Mar 14 2010
DBS expects RP to grow 4.5% this year

DBS expects RP to grow 4.5% this year

MANILA, Philippines – The Development Bank of Singapore (DBS) expects the Philippine economy to grow by 4.5 percent this year, above the official forecast of 2.6 percent to 3.6 percent. DBS said... 

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Fri, Mar 12 2010
Philippines’ next leader will have to raise taxes

Philippines’ next leader will have to raise taxes

MANILA, Philippines – The country’s next president will have to turn his back on populist promises made during the campaign and raise taxes sooner rather than later to prevent a financial crisis... 

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Mon, Feb 15 2010
OFW inflows hit record $17.35 billion in 2009

OFW inflows hit record $17.35 billion in 2009

Also in: Hot News

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) hit a new monthly record high of $1.567 billion in December, enabling the Bangko Sentral ng Pilipinas (BSP) to register a... 

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Wed, Feb 10 2010
RP may import more rice due to El Niño

RP may import more rice due to El Niño

The government may import more rice as the projected dry spell brought by El Niño affects production, Agriculture Undersecretary Bernie Fondevilla said on Wednesday. He said the interagency committee... 

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Tue, Feb 9 2010
Tax court gives go-signal to seize Shell’s P43-B imports

Tax court gives go-signal to seize Shell’s P43-B imports

MANILA, Philippines – The Bureau of Customs (BOC) can now proceed with the seizure of imported raw materials of Pilipinas Shell Petroleum Corp. after the tax court did not favor the country’s... 

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Mon, Feb 8 2010
PNB income up 100% in 2009

PNB income up 100% in 2009

MANILA, Philippines – The Philippine National Bank (PNB) has reported an unaudited net income of P2.2 billion, or double the P1.1-billion reported in 2008. “Strong gains in its core businesses,... 

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