Oil companies raised fuel prices anew Wednesday to reflect the continued uptrend of oil prices in the global market last week. … Read more »

The government’s Public-Private Partnership (PPP) for School Infrastructure Project has attracted an initial pool of 15 companies, according to an official of the Department of Education (DepEd). The three-phase project is estimated to cost P10.5 billion initially and the government intends to pay for the infrastructure construction over 10 years using staggered appropriations from the national government. … Read more »

The latest spike in oil price resulting from the standoff between Europe and oil-producer Iran has caught the attention of the Bangko Sentral ng Pilipinas, which acknowledged that the Dubai crude price has breached its assumption for the year. … Read more »

The Philippines has pledged to contribute $500 million to the International Monetary Fund’s latest lending facility aimed at addressing crises such as volatility in the eurozone. … Read more »

The country’s international air travel sector grew by nearly a tenth in 2011, outpacing the growth of the global aviation sector, which suffered from economic crises and volatile fuel prices. … Read more »

Metrobank expects remittances to the Philippines to grow by 6 percent this year despite the prolonged crisis in the eurozone, saying sustained demand for Filipino workers in other labor markets will boost the amount of money they send home. … Read more »

While the world market price of rice is low, National Food Authority (NFA) Administrator Angelito Banayo said raising the support price of palay now “could encourage smuggling” and keeps him from recommending the price hike to the NFA Council. … Read more »

Reduced money transfers from overseas Filipino worker in Europe this year will be “offset by the expected growth in remittances from the Middle East and Asian countries,” the Metropolitan Bank & Trust Co. said Wednesday. … Read more »

WASHINGTON  - President Barack Obama’s administration on Wednesday unveiled plans to lower the top corporate tax rate to 28 percent and choke off lucrative loopholes, an election-year gambit testing Republicans’ pro-business credo. … Read more »

The local stock index resumed its upswing Wednesday, re-testing recent record highs, as investors were emboldened by a recently concluded second bailout package for Greece. … Read more »