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GMA News.tv » Filipinos to buy fewer cellphones this year as they 'prioritize' expenses
MANILA, Philippines - Filipinos may buy fewer mobile phones this year as users are expected "prioritize" their expenses and as higher prices eat into their incomes, a research company said. [Link]
GMA News.tv » DMCI secures contract to build Fairmont Hotel in Makati City
MANILA, Philippines - Construction firm DMCI, a unit of Consunji-led investment firm DMCI Holdings Inc., has been tapped to construct the Raffles Suites and Residences and Fairmont Hotel in Makati City. [Link]
GMA News.tv » Tourism, shipping in Subic Bay to defy global slowdown
MANILA, Philippines - Tourism, shipping, and manufacturing industries in Subic Bay Freeport are "expected to defy the global slowdown," said the agency which runs the former US naval base. [Link]
GMA News.tv » Lower inflation prompts BSP to hint at rate cut
The Philippines" central bank hinted it may cut interest rates-making it easier for companies to borrow for their expansion-after consumer prices in December fell below expectations. [Link]
GMA News.tv » RP shares end flat following Monday's huge gains
MANILA, Philippines - Philippine share prices ended essentially flat as index heavyweights pulled back but second-liners continued to shine. [Link]
GMA News.tv » December inflation falls below govt expectations
Consumer prices fell below government expectations in December, staying within single-digit levels since the previous month, the National Statistics Office (NSO) said. [Link]
GMA News.tv » Oil above $48 as investors eye Gaza conflict, OPEC
SINGAPORE - Oil prices remained above $48 a barrel Tuesday in Asia amid signs OPEC is implementing announced production cuts and as Israel's ground offensive in Gaza kept tensions high in the oil-rich Middle East. [Link]
GMA News.tv » Asian markets extend gains
HONG KONG - Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade in the US and Europe amid growing optimism the world economy will recover later this year. [Link]
GMA News.tv » Rice institute seeks to boost South Asia crop yields
MANILA, Philippines - International agriculture researchers and donors announced a plan Tuesday to substantially boost crop yields in South Asia and help farmers increase their income to avoid a repeat of last year's food crisis. [Link]
GMA News.tv » NSO: December inflation drops further to 8%
(Updated 11:13 a.m.) MANILA, Philippines - Prices of goods and services further cooled in December, the National Statistics Office reported on Tuesday. [Link]
GMA News.tv » (Updated) Prices of goods and services cool further- NSO
(Updated 11:13 a.m.) MANILA, Philippines - Prices of goods and services further cooled in December, the National Statistics Office reported on Tuesday. [Link]
GMA News.tv » MPIC decides to sell Landco stake to partner
MANILA, Philippines - Metro Pacific Investments Corp., the local unit of Hong Kong conglomerate First Pacific Co. Ltd., will let go of its majority stake in real estate company Landco Pacific Corp. [Link]
GMA News.tv » Prices of goods and services cool further- NSO
MANILA, Philippines - Prices of goods and services further cooled in December, the National Statistics Office reported on Tuesday. [Link]
GMA News.tv » Obama says his plan with tax cuts to get quick OK
WASHINGTON - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion. He predicted lawmakers would approve a mammoth revitalization package within two weeks of his taking office. [Link]
GMA News.tv » Gold prices fall as dollar gains strength
NEW YORK - Gold prices fell Monday, undermined by the dollar's advance on hopes for an economic stimulus package in the US Meanwhile, energy and agriculture futures rose. [Link]
GMA News.tv » SEAIR transport franchise lapses into law
MANILA, Philippines - A measure that gives budget carrier Southeast Asian Airlines, Inc. (SEAIR) a 25-year franchise to operate domestic and international air operations has lapsed into law. [Link]
GMA News.tv » Marine, fruit products primed to lead foray into halal exports
ZAMBOANGA CITY, Philippines - The government is banking on marine and fruit products to lead the country"s foray into the $500-billion global halal market this year. [Link]
GMA News.tv » Jollibee closes deal with Taiwanese group
MANILA, Philippines - Homegrown fast-food giant Jollibee Foods Corp. will be adding a new restaurant in its growing portfolio of food outlets offering Chinese cuisines after it finalized a deal to buy majority of the Lao Dong group of Taiwan. [Link]
GMA News.tv » Peso, equities gain on 2009"s first trading day
MANILA, Philippines - Share prices and the peso posted a strong start to the year Monday following a one and a half week-long holiday break. [Link]
GMA News.tv » BSP allows banks to outsource HR functions
MANILA, Philippines - Banks may now outsource their human resource functions and significantly reduce costs. [Link]
