Featured Blog/News Nov 9 – GMA TV News
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GMANews.TV » Fitch cuts Portugal credit rating
PARIS – Fitch ratings agency said Thursday it was cutting its rating on bailed-out Portugal by one notch to 'BB+' because of its high level of debt and weak economic outlook. [Link]
GMANews.TV » Businesses more upbeat over economic prospects – BSP survey
Business confidence in the economy is on the upswing, the Bangko Sentral ng Pilipinas said on Thursday, citing results of its latest Business Expectations Survey, which showed small and medium scale enterprises being more upbeat about the months ahead than larger companies are. [Link]
GMANews.TV » No need to raise interest rates, says BSP's Tetangco
No major developments have so far evolved in the domestic and external markets for the Bangko Sentral ng Pilipinas to raise interest rates, BSP Governor Amando Tetangco Jr. said in an interview with reporters late Wednesday. [Link]
GMANews.TV » BIR sues Bulacan gold trader, Cebu businessman for tax evasion
Another Bulacan-based gold trader and a Cebu-based businessman were sued by the Bureau of Internal Revenue Thursday for tax evasion with combined claims of P1.24 billion against them. [Link]
GMANews.TV » PHL working to ship pork to South Korea
After successfully negotiating poultry exports to South Korea starting in the first quarter of 2012, the Philippine government is now batting for pork shipments to Seoul. [Link]
GMANews.TV » Q3 foreign direct investments up by a third – NSCB
Foreign direct investments (FDIs) approved by four major investment promotion agencies increased by a third in the third quarter of the year, the National Statistical Coordination Board said. [Link]
GMANews.TV » Reflecting developments abroad, PSEi drops 0.79% Thursday
The main Philippine Stock Exchange index fell 33.94 points or 0.79 percent to close at 4,237.65 on Thursday, reflecting developments in overseas markets. [Link]
GMANews.TV » Ayala Land, Mitsubishi form energy-saving joint venture
Property giant Ayala Land Inc. and Japan’s Mitsubishi Corp. are now partners in the business of energy efficiency, using the joint venture Philippine Integrated Energy Solutions Inc. (PhilEnergy) as a vehicle for the partnership. [Link]
GMANews.TV » PAL back to full flight schedule as peak season nears
As the Christmas peak season nears, flag carrier Philippine Airlines fully restored its flights and frequencies to “pre-outsourcing" levels at its hub at the Ninoy Aquino International Airport Terminal 2, effective Thursday. [Link]
GMANews.TV » Philippine Airlines back to pre-outsourcing mode
As the Christmas peak season nears, flag carrier Philippine Airlines fully restored its flights and frequencies to “pre-outsourcing" levels at its hub at the Ninoy Aquino International Airport Terminal 2, effective Thursday. [Link]
GMANews.TV » Global markets: Wall Street drops for 6th day; euro and oil slide
NEW YORK – Wall Street closed down for a 6th straight session on Wednesday and stock markets across the world hit six-week lows as slowing factory activity in China and Germany stoked recession fears. [Link]
GMANews.TV » Global stocks, euro at 6-week lows on recession fears, China data
NEW YORK – Stock markets across the world slid to six-week lows on Wednesday, with Wall Street on course for a sixth straight day of losses as slowing factory activity in China and Germany increased recession fears. [Link]
GMANews.TV » Calapan Ventures debuts in PSE, eyes water services upgrades
Water utilities holding firm Calapan Ventures Inc. (CVI) debuts in the Philippine Stock Exchange on Thursday with the listing of 162,161,000 of its common shares under the “H2O" trading symbol. [Link]
GMANews.TV » BSP sets monetary policy confab in Feb. 2012
Researchers and academics will gather on February 28 – 29, 2012 in Manila for a conference on “Contemporary Challenges to Monetary Policy” for which the Bangko Sentral ng Pilipinas had issued a call for papers. [Link]
GMANews.TV » Policy change to strengthen banking system – BSP
The Bangko Sentral ng Pilipinas assured the banking sector on Wednesday that issues and concerns on the proposed changes in the “operational strengthening” of the reserve requirement would be considered. [Link]
GMANews.TV » California's Cheese Steak Shop opens restaurant in Makati City
California-based sandwich restaurant Cheese Steak Shop opened its first store outside of the United States, setting up a shop in Makati City. [Link]
GMANews.TV » Dipolog City to contest ban on open pit mining
The city council of Dipolog in Zamboanga del Norte authorized their city mayor to contest in court the ban on open pit mining in the province contained in an ordinance of the province. [Link]
GMANews.TV » Olympus ex-CEO says Tokyo police can get to truth behind scandal
NARITA, Japan — Former Olympus Corp. CEO Michael Woodford said on Wednesday that Tokyo police were best able to get to the truth behind one of Japan's biggest accounting scandals, as speculation mounts of possible links to organized crime. [Link]
GMANews.TV » Policy change in reserve requirement to strengthen banking system – BSP
The Bangko Sentral ng Pilipinas assured the banking sector on Wednesday that issues and concerns on the proposed changes in the “operational strengthening” of the reserve requirement would be considered. [Link]
GMANews.TV » PHL budget gap to hit only half of programmed deficit – economist
The Philippine government will likely post a P180-billion budget gap this year, or just half of the P260-billion deficit on program, economist Victor Abola of the University of Asia & the Pacific said in a briefing Wednesday. [Link]