Philippines News

APEC still thinking about accepting new member nations

GMANews.TV - Wednesday, October 28

By the end of next year, a group of 21 countries working to promote free trade will examine whether it will accept more members. More »

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Manila's NFA to sell 1.5 bln pesos bonds via tap
Reuters - Tuesday, October 27
MANILA, Oct 27 (Reuters) - The Philippines' National Food Authority (NFA) will use a tap facility to sell an additional 1.5 billion pesos ($31.8 million) worth of 10-year bonds after raising 9.0 billion pesos at an auction on Tuesday.
Solon: Oil firms' blackmail not working
ABS-CBN - Tuesday, October 27
MANILA - It is the oil industry’s own interest to make sure that there will be no supply shortage because of the price freeze, according to House Speaker Prospero Nograles.
Cebu Pacific slashes rates for HK, Malaysia flights
ABS-CBN - Tuesday, October 27
MANILA - Gokongwei-led budget carrier Cebu Pacific said it is cutting its rates by as much as 50%% for its flights to Hong Kong, Kuala Lumpur, and Kota Kinabalu.
Next admin must brace for fiscal crisis: Diokno
ABS-CBN - Tuesday, October 27
MANILA - Just when the Philippines has overcome the huge challenge of avoiding an economic recession this year, it must brace itself for another one—averting a fiscal crisis.
BDO profits up 159%% as of end-Sept
ABS-CBN - Tuesday, October 27
MANILA - Top lender Banco de Oro Unibank Inc. (BDO) reported a net income of P4 billion for the first 9 months of the year, a 159%% rise from the same period in 2008.
SEC bars PSE from halting trade of Benguet shares
ABS-CBN - Tuesday, October 27
MANILA – The Securities and Exchange Commission (SEC) intervened in the Philippine Stock Exchange’s (PSE) decision to implement a trading halt on the shares of Benguet Corporation.
Palace defends EO on fuel price freeze, but...
GMANews.TV - Monday, October 26
There is no conflict between a new executive order freezing fuel prices to October 15 levels and the oil deregulation law, Malacañang insisted Monday.
Thailand, Philippines seek rice row solution: minister
AFP - Sunday, October 25
HUA HIN, Thailand (AFP) - - Thailand and the Philippines held talks Saturday aimed at ending a row over rice tariffs which threatens to delay a trade agreement seen as key to regional integration, a Thai minister said.
Candidates, political parties to pay tax on contributions
GMANews.TV - Saturday, October 24
Starting next year, individuals running for public office, their political parties, and contributors will be required to pay a five percent tax on all campaign funds received and spent for the 2010 elections.
Philippines may defer yen-denominated bond sale
GMANews.TV - Saturday, October 24
The Philippines may defer a plan to sell bonds in Japan if Manila and Tokyo fail to agree on the guarantee fee, Finance Secretary Margarito B. Teves said.
Companies given new schedule for financial report submission
GMANews.TV - Saturday, October 24
Starting next year, Philippine corporations will be required to file financial statements depending on the last numerical digit of their government registrations or licenses.
Philippines says may delay Samurai issue to 2010
Reuters - Saturday, October 24
(Adds more Teves quotes, background)
Enabling pension scheme this year will cut govt revenues further
GMANews.TV - Friday, October 23
The Philippines will likely lose more revenues if it implements a voluntary investment scheme for Filipino workers during the last two months of the year.
US agri chief's RP visit to encourage American-Filipino partnerships
GMANews.TV - Thursday, October 22
The United States’ Agriculture Secretary will visit Manila over the weekend as part of Washington’s trade mission to the Philippines.
Philippine bourse changes main index composition
Reuters - Thursday, October 22
MANILA, Oct 22 (Reuters) - The Philippine Stock Exchange (PSE) said on Thursday it had replaced three companies on the main share index <.PSI> as part of a regular review.
Manila Water allowed to serve customers for another 15 years
GMANews.TV - Thursday, October 22
Manila Water Co.
Bourse changes composition of PSE index
GMANews.TV - Thursday, October 22
Starting November 3, the Philippine Stock Exchange Inc. (PSE), which runs the country’s bourse, will include itself in its benchmark 30-company index.
SM Mall of Asia puts up RP's first recreation center for children
GMANews.TV - Thursday, October 22
A world-class recreation center for children has been put up at the SM Mall of Asia, the Philippines’ second-largest mall.
Typhoon damage may hit P15 billion but insurance firms unfazed
GMANews.TV - Thursday, October 22
Damage incurred from typhoons Ondoy and Pepeng may reach P15 billion, an estimate made by the Philippines’ Insurance Commission (IC) said.