NEW YORK – Stocks surged on Wednesday after better-than-expected earnings from Goldman Sachs eased worries about U.S. banks’ profits in …Read the Rest
Business News
Switzerland wants to ease bank secrecy
May 19, 2012
GENEVA - Switzerland is considering new legislation to ease banking secrecy in a bid to fight money laundering, the police and …Read the Rest
5,000 seaweed farmers eyed for P200-M agri program
May 19, 2012
Seaweed farmers—5,000 of them—in Sulu, Basilan and Tawi-Tawi will be mobilized to reduce the country’s demand for imported seaweed through …Read the Rest
The National Grid Corporation of the Philippines (NGCP) and the Department of Energy are considering deploying power barges to Mindanao …Read the Rest
PHL remains vulnerable to external shocks – ADB
May 18, 2012
Despite steady economic growth, a senior official of the Asian Development Bank warned that the Philippines remains vulnerable to external …Read the Rest
FDC to subscribe to more East West Bank shares
May 18, 2012
Filinvest Development Corp., which holds the business interests of the Gotianun family, is set to acquire additional shares in East …Read the Rest
NEW YORK – Stocks surged on Wednesday after better-than-expected earnings from Goldman Sachs eased worries about U.S. banks’ profits in …Read the Rest
Switzerland wants to ease bank secrecy
May 18, 2012
GENEVA - Switzerland is considering new legislation to ease banking secrecy in a bid to fight money laundering, the police and …Read the Rest
5,000 seaweed farmers eyed for P200-M agri program
May 18, 2012
Seaweed farmers—5,000 of them—in Sulu, Basilan and Tawi-Tawi will be mobilized to reduce the country’s demand for imported seaweed through …Read the Rest
The National Grid Corporation of the Philippines (NGCP) and the Department of Energy are considering deploying power barges to Mindanao …Read the Rest
SEC okays Filinvest P11-B bond issue
May 18, 2012
The Securities and Exchange Commission has approved a seven-year retail bond issue worth P11 billion planned by Filinvest Land Inc., …Read the Rest
Facebook prices IPO at $38 per share
May 18, 2012
Facebook has priced its initial public offering of stock at $38 per share, at the high end of its expected …Read the Rest
‘Hot money’ flow slows to a trickle
May 18, 2012
The flow of foreign portfolio investments to the Philippines sharply dropped in April as global economic uncertainties, particularly the prolonged …Read the Rest
Asian markets mixed but Greek fears weigh
May 18, 2012
Asian markets were mixed on Thursday as the Greek crisis continued to cast a shadow, while dealers got some upbeat …Read the Rest
