PHL stocks fell as Euro currency drops

January 6, 2012 11:25 pm· Comments Off on PHL stocks fell as Euro currency drops 

MANILA, Jan. 6 — Philippine shares retreated Friday, dropping by 35.55 points or 0.78 to close at 4,483.36 to snap a five-day rally.

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Basel 3 CAR rules on by 2014

January 6, 2012 11:24 pm· Comments Off on Basel 3 CAR rules on by 2014 

MANILA, Jan. 6 – The Bangko Sentral ng Pilipinas (BSP) will fully implement the Basel 3 capital adequacy standards for universal and commercial banks (U/KBs) by January 1, 2014.

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Italian premier to discuss dispelling of crisis around euro

January 6, 2012 11:08 pm· Comments Off on Italian premier to discuss dispelling of crisis around euro 

ROME, Jan. 6 -– Italy’s Prime Minister Mario Monti starts a tour of European countries Friday.

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Woodford drops bid to regain presidency of scandal-hit Olympus

January 6, 2012 11:06 pm· Comments Off on Woodford drops bid to regain presidency of scandal-hit Olympus 

TOKYO, Jan. 6 — Former Olympus Corp. President and Chief Executive Officer Michael Woodford said Friday that he will give up his bid to regain the presidency of the scandal-mired optical and medical equipment maker.

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Gov't, DPJ decide on draft plan for consumption tax hike

January 6, 2012 11:05 pm· Comments Off on Gov't, DPJ decide on draft plan for consumption tax hike 

TOKYO, Jan. 6 — The government and the ruling Democratic Party of Japan decided Friday on a draft plan to raise the country's politically sensitive consumption tax, starting in 2014, before presenting it to opposition parties, many of which have refused to join any talks on the plan.

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PHL foreign reserve reaches US$ 75.1B

January 6, 2012 11:03 pm· Comments Off on PHL foreign reserve reaches US$ 75.1B 

By Joann Santiago

MANILA, Jan. 6 -– The Philippines registered a US$ 75.1-billion gross international reserves (GIR) in end-2011, higher than year-ago’s US$ 62.4 billion but short of the central bank’s US$ 76-billion goal.

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Healthy growth expected for Thai economy in 2012: experts

January 6, 2012 11:02 pm· Comments Off on Healthy growth expected for Thai economy in 2012: experts 

BANGKOK, Jan. 6 — The Kasikorn Research Center (KResearch) on Friday released its report on economic outlook of 2012, saying that the Thai economy, seriously affected by flooding last year, will likely return to normalcy in 2012 with healthier growth.

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India, Viet Nam set out ambitious two-way trade plan

January 6, 2012 11:00 pm· Comments Off on India, Viet Nam set out ambitious two-way trade plan 

HCM CITY, Jan. 6 — Viet Nam and India target doubling bilateral trade to US$ 7 billion by 2015, the visiting Indian Minister of State for External Affairs and Human Resources Development Indian E. Ahamed has said.

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Golf: Carlos, Foo, Mondilla surge ahead with 70s

January 6, 2012 11:00 pm· Comments Off on Golf: Carlos, Foo, Mondilla surge ahead with 70s 

MANILA, Jan. 6 — Jobim Carlos and Singapore’s Gregory Foo wavered coming home and settled for a pair of 70s while Clyde Mondilla birdied No. 8 on his way home to force a three-way tie for the lead at the start of the Philippine Amateur Open Golf Championship at Cangolf’s north course in Laguna on Friday.

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Chess: PHL GM Gomez share the lead with 16 others in India's Chennai Open

January 6, 2012 10:58 pm· Comments Off on Chess: PHL GM Gomez share the lead with 16 others in India's Chennai Open 

MANILA, Jan. 6 — Grandmaster John Paul Gomez of Binan, Laguna defeated Indian International Master Prakash GB in the third round for a total of three points to share the lead with 16 others in the ongoing SDAT-RMK 4th Chennai Open Grand Master Chess Tournament on Friday in Chennai, India.

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