Philippines News Headlines | Business

BSP expects inflation to rise until October

Sat, 06 Sep 2008 13:16:51 +0800

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) on Saturday said inflation, which jumped to 12.5 percent last month, could rise further until October.

BHP to continue work at Philippine mine-minister

Fri, 05 Sep 2008 19:03:16 +0800

MANILA, Sept 5 (Reuters) - BHP Billiton will continue development work at a Philippine nickel project despite a long-running dispute with its local partner, the minister in charge of the mining sector said on Friday.

Manila to repay early $200 mln in power debt in Sept

Fri, 05 Sep 2008 18:48:30 +0800

MANILA, Sept 5 (Reuters) - The Philippines plans to repay around $200 million of the National Power Corp's (Napocor) debts this month ahead, earlier than scheduled, to turn around the finances of the power firm, a government official said on Friday.

Firm still commits to biofuel production even as partner opts out

Fri, 05 Sep 2008 18:38:25 +0800

MANILA, Philippines - An energy company will still pursue plans of becoming a major biofuel producer even after a partner discontinued interest in investing in the business.

Revenue agency prepares to impose new tax scheme on insurance industry

Fri, 05 Sep 2008 18:27:05 +0800

MANILA, Philippines - There is no turning back on the implementation of a new tax scheme for life and non-life insurance companies to ensure that the industry is properly tax, the Bureau of Internal Revenue (BIR) said.

Listed tech firm develops online brokerage system for retail group

Fri, 05 Sep 2008 17:42:28 +0800

MANILA, Philippines - Listed technology firm Diversified Financial Network, Inc. (DFNN) has agreed to provide services to a new online brokerage firm.

Philippines' end-Aug foreign reserves at $36.7 bln

Fri, 05 Sep 2008 17:36:00 +0800

(Corrects date in dateline)

Wall Street decline spooks RP's stock market

Fri, 05 Sep 2008 14:19:38 +0800

MANILA, Philippines - Sellers dominated trades at the Philippine Stock Exchange (PSE) on Friday as the massive declines in the US markets spread a negative investors' sentiment across Asia.

Decline in Wall Street spooks RP's stock market

Fri, 05 Sep 2008 14:19:38 +0800

MANILA, Philippines - Sellers dominated trades at the Philippine Stock Exchange (PSE) on Friday as the massive declines in the US markets spread a negative investors' sentiment across Asia.

Rising oil costs remain biggest threat to inflation

Fri, 05 Sep 2008 12:59:51 +0800

MANILA, Philippines - Rising energy costs remain the biggest risk to Philippine commodity prices, the Bangko Sentral ng Pilipinas (BSP) said, hours after the government released inflation figures for August.