Philippines News

Philippines' PLDT core net profit up 11 pct

Philippines' PLDT core net profit up 11 pct
AFP - Tuesday, November 3

MANILA (AFP) - - The Philippine Long Distance Telephone Co. (PLDT) said Tuesday core net profit in the first nine months rose 11 percent year-on-year but warned recent storms may dampen prospects in the last quarter. More »

  • RPT-Q+A-Can the Philippines rein in its budget deficit?

    Reuters - Tuesday, November 3

    (Repeating story first sent on Nov 2)

  • RP should consider climate change to avoid excessive rice imports

    GMANews.TV - Tuesday, November 3

    The Philippine government should factor in the effects of climate change to ensure that it imports just the right amount of rice for the country’s needs, a public think tank said.

  • Manila's tax chief resigns for not meeting targets

    Reuters - Tuesday, November 3

    MANILA, Nov 2 (Reuters) - The head of the Philippines' Bureau of Internal Revenue (BIR), which brings in most of the government's revenues, has resigned over the agency's failure to meet its targets, the president's office said on Monday.

  • Philippine c.bank pledges free capital flows

    Reuters - Sunday, November 1

    MANILA, Nov 1 (Reuters) - The Philippine central bank will not impose measures to control foreign capital inflows into the country to limit the peso's gains against the dollar, deputy governor Diwa Guinigundo said at the weekend.

  • Oil price control to result in supply cut, BSP warns

    GMANews.TV - Saturday, October 31

    Imposing oil price controls would result in reduced supplies, a Philippine central bank official warned on Friday, one day after the government released rules covering the scheme.

  • Filipina founder of algae food company wins Cartier business plan award

    GMANews.TV - Saturday, October 31

    A Filipina who founded a company that makes food from algae became the latest awardee of the Cartier Women’s Initiative Award.

  • Asian lenders should lead in banking reform, President says

    GMANews.TV - Saturday, October 31

    Lenders all across Asia were urged to become catalysts for banking reform, especially after emerging markets remained resilient in the face of the global economic meltdown.

  • Manila central bank sees risks to inflation forecasts

    Reuters - Saturday, October 31

    * Manila c.bank may raise 2009, 2010 average CPI forecasts

  • Energy dept. releases rules for oil price cap

    GMANews.TV - Friday, October 30

    The Department of Energy (DOE) released regulations covering a presidential order that puts a cap on oil prices.

  • Post-crisis, RP braces for low tax effort

    Post-crisis, RP braces for low tax effort

    ABS-CBN - Friday, October 30

    MANILA - The local economy may have averted the full impact of the global crisis as it managed to post positive growth for the first 2 quarters of the year. But according to Philippine Institute for Development Studies (PIDS) President Josef Yap, the country's declining tax effort may be a major roadblock to achieving the Millennium Development Goals (MDG) by 2015.    

  • Philippines allots more funds for debt payments

    GMANews.TV - Friday, October 30

    The Philippines allotted more money for debt payments despite efforts to consolidate obligations, which is seen to make more funds available for infrastructure and social spending.

  • Philippines aiming to join China's resource boom

    Philippines aiming to join China's resource boom

    AFP - Friday, October 30

    MANILA (AFP) - - The Philippines is aiming to be one of the next nations to cash in on China's insatiable appetite for resources, with the Asian neighbours working to build closer mining ties, officials from both sides say.

  • Reconstruction body, private sector partner identify four projects

    GMANews.TV - Thursday, October 29

    The Philippines has identified and given priority to four projects that will help hasten recovery after the country reeled from the damaging effects of two typhoons.

  • Govt spends P549-B in Jan-Sept to pay debts

    Govt spends P549-B in Jan-Sept to pay debts

    ABS-CBN - Thursday, October 29

    MANILA - The government spent a total of P549.016 billion in the first 9 months of the year to service its debts, up 2%% from the P537.352 billion it spent in the same period last year.

  • PSE readies 'Maharlika' board for 'blue chips of blue chips'

    PSE readies 'Maharlika' board for 'blue chips of blue chips'

    ABS-CBN - Thursday, October 29

    MANILA – If efforts to reform the Philippine Stock Exchange (PSE)—including legislated reforms and products to entice investor interest—have been barely enough to create a deeper and richer equity capital market in the country, perhaps the better approach is for external forces to jolt the local exchange.

  • Petron to incur P1.5 billion in losses from fuel price cap

    GMANews.TV - Thursday, October 29

    A government order putting a price cap on fuel will prompt Petron Corp., the Philippines’ largest oil company, to incur P1.5 billion losses for the last quarter.

  • Deals signed to support SMEs

    Deals signed to support SMEs

    ABS-CBN - Wednesday, October 28

    MANILA - A group of development financing institutions (DFI) in the Asia Pacific region has inked deals with key agencies to help small and medium enterprises (SMEs) enhance their business viability and sustainability.

  • Don’t force govt hand: Oil firms warned over fuel 'rationing'

    GMANews.TV - Wednesday, October 28

    The government on Wednesday warned of harsher measures against oil firms if they resort to rationing their fuel supplies.

  • NFA bond sale proceeds to be used for debt refinancing

    GMANews.TV - Wednesday, October 28

    The National Food Authority (NFA), which sells high-quality rice at lower than market prices, sold 10-year bonds in a public auction on Tuesday.

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