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Loading ...GMA News.tv » Oil hovers above $82 as month-long rally stalls
SINGAPORE - Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak US crude demand. [Link]
GMA News.tv » US stocks climb for 3rd day as financial shares rise
A rally in financial stocks Thursday helped the market extend its grind higher to a third day. [Link]
GMA News.tv » Henry Sy, Lucio Tan make it to Forbes billionaire list
Mall tycoon Henry Sy and tobacco and beer magnate Lucio Tan stayed on Forbes magazine"s billionaire list this year at 201st and 582nd, respectively. [Link]
GMA News.tv » World airlines see blue skies ahead
GENEVA - Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said on Thursday, halving its loss forecast for 2010 to $2.8 billion. [Link]
GMA News.tv » BSP phases out liquidity measures but keeps rates
The central bank on Thursday said it was phasing out liquidity-enhancing measures as part of a continuing move to tighten monetary policy to control money in the financial system amid the recovering economy. [Link]
GMA News.tv » Metrobank improves bad loan ratio, posts profit growth
Listed Metropolitan Bank and Trust Co. (Metrobank) has improved its bad loan ratio after cutting soured loans by a fifth last year, the company said on Thursday. [Link]
GMA News.tv » Budget gap slightly down to P37.1B in January
The government"s budget deficit slightly declined to P37.1 billion in January from a year earlier after revenue agencies improved collections by almost a fifth, the Department of Finance said on Thursday. [Link]
GMA News.tv » Local share prices post slim gains in thin trade
The Philippine Stock Exchange index posted a slight gain in thin trade on Thursday - still mirroring Wall Street"s flat performance overnight - as investors stayed on the sidelines in the absence of market-moving news. [Link]
GMA News.tv » Oil falls below $82 as traders eye weak US demand
SINGAPORE - Oil prices fell below $82 a barrel Thursday in Asia as traders eyed tepid US crude demand amid an overall economic expansion. [Link]
GMA News.tv » Ayala Land"s Alveo eyes P4B in sales
Property giant Ayala Land, Inc. expects to book P4 billion in sales from its P2.1-billion high-rise condominium at the Bonifacio Global City until 2015. [Link]
GMA News.tv » Diwalwal mine gets just one bidder
Only one company joined the bidding for the third parcel of the government"s gold rush property in Mt. Diwalwal on Wednesday. [Link]
GMA News.tv » Aboitiz Power to raise P10B from bonds, loans
Listed Aboitiz Power Corp. plans to raise about P10 billion through bonds and loans as it prepares to join bids for state-owned power generation assets. [Link]
GMA News.tv » Palace forms body to review tax, smuggling cases
A committee has been formed under the Office of the President to review all smuggling and tax evasion cases initiated by the Customs and Internal Revenue bureaus but later dismissed or resolved at the expense of the government. [Link]
GMA News.tv » Dry spell damage now at P8 billion - Agri chief
Damage to the farm and fishery sectors caused by the ongoing El Niño-induced dry spell has reached P8 billion, Agriculture Secretary Bernie G. Fondevilla said on Wednesday. [Link]
GMA News.tv » Gov"t to limit perks for hiring to exporters
Only companies that export goods can qualify for hiring incentives under the 2010 draft of the Investment Priority Plan (IPP), a Board of Investments (BoI) official said. [Link]
GMA News.tv » Power rates to rise by nearly P1/kWh
The Energy Regulatory Commission (ERC) has cut the increase in Manila Electric Co."s (Meralco) generation charge given questions about the cost of power obtained from the Wholesale Electricity Spot Market (WESM). [Link]
GMA News.tv » US stocks rise after inventories fall and sales gain
Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies' inventories. [Link]
GMA News.tv » BSP may keep rates but hike rediscount charge
The central bank is unlikely to touch benchmark interest rates at its meeting on Thursday, but may tweak liquidity tools as part of a plan to tighten monetary stance amid the recovering economy, investment bank Barclays Capital said. [Link]
GMA News.tv » Philippine exports post fastest growth in 15 years
(UPDATED) - Philippine export earnings rose at their fastest pace in almost 15 years in January, with sales to major economic blocks that include Europe, the US, Eastern and Southeast Asia posting growth amid the global economic recovery. [Link]
GMA News.tv » PNB board approves appointment of new CEO
The board Philippine National Bank (PNB) approved on Wednesday the appointment of Eugene S. Acevedo, who used to be treasurer of Citigroup International Limited, as president and chief executive of the bank. [Link]
