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admin — Sat, 03 Oct 2009 08:50:20 +0000

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Metrobank, Security Bank branches open to serve public

admin — Fri, 02 Oct 2009 00:15:26 +0000

Two of the country’s biggest commercial banks announced yesterday that they are open to serve the public including those in typhoon affected areas.

RCBC mulls follow-up to $85-million NCTD issue

admin — Fri, 02 Oct 2009 00:15:26 +0000

Rizal Commercial Banking Corp. (RCBC) is considering another issue of dollar-denominated negotiable certificates of time deposit (NCTDs) in the last quarter after a successful issuance worth $85 million last month.

SMC eyes Shell ‘Select’ shops

admin — Fri, 02 Oct 2009 00:15:26 +0000

Diversifying conglomerate San Miguel Corp. is interested in acquiring the retail distribution network of oil refiner Pilipinas Shell Petroleum Corp., anchored by the Select convenience store chain.

Aboitiz Power pays full P12.12 billion for Tiwi-Makban

admin — Fri, 02 Oct 2009 00:15:26 +0000

Aboitiz Power Corp. (APC) paid in full yesterday the P12.12-billion acquisition cost for the Tiwi-Makban geothermal facilities, the Power Sector Assets and Liabilities Management Corp. (PSALM) said.

Meralco to conduct precautionary check on meters of customers

admin — Fri, 02 Oct 2009 00:15:26 +0000

Once it completes restoring power to areas affected by tropical storm Ondoy, utility giant Manila Electric Co. (Meralco) said it would conduct a thorough inspection of all electric meters in these areas.

Key PSE official fired

admin — Fri, 02 Oct 2009 00:15:26 +0000

The Philippine Stock Exchange (PSE) has lost another key official and more are reportedly expected to follow suit.

BOC misses goal for 9th straight month in Sept

admin — Fri, 02 Oct 2009 00:15:26 +0000

The Bureau of Customs (BOC) likely missed its collection target for the ninth consecutive month in September as imports continued to contract, Customs Commissioner Napoleon Morales yesterday said.

BSP keeps rates at record low

admin — Fri, 02 Oct 2009 00:15:26 +0000

The Bangko Sentral ng Pilipinas (BSP) decided yesterday to keep its key policy rate at a record low of four percent as the economy started to show signs of recovery.

IMF hikes GDP growth forecast for RP

admin — Fri, 02 Oct 2009 00:15:26 +0000

The International Monetary Fund (IMF) expects the Philippines to post stronger economic growth this year and next year after successfully weathering the global financial storm mainly due to fiscal and monetary reforms.