Phoenix earnings reach P510-M in 2011, up 19%
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb. 9 — Publicly-listed leading independent oil company Phoenix Petroleum Philippines Inc. announced that its consolidated net earnings for 2011 increased to P510 million, or about 19 percent higher than the P427 million earned in 2010.
President Aquino optimistic about Business Process Outsourcing industry in the country
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb. 9 — President Benigno S. Aquino III on Thursday expressed high hopes that the Business Process Outsourcing (BPO) industry in the country will continue to gain despite the challenges in the global economic arena citing foreign investor confidence in doing business in the country and the competitiveness of the Filipino people.
PSEi down on jittery investors' confidence
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb. 9 — Philippine stocks managed to pull out from dismal morning trade but failed to make a rally, as it closes 36.18 points or 0.75 percent lower at 4769.62 Thursday.
Peso continues gain vs. U.S. dollar; P42.19 : US$ 1
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb 9 – Positive news on Greece’s bail-out negotiations further powered the peso Thursday surpassing the previous day’s five-month high finish.
Aquino invites CFBCI to invest in agriculture, tourism and infrastructure sectors
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb. 9 — President Benigno S. Aquino III invited members of the Chinese Filipino Business Club, Incorporated (CFBCI) to invest in the top three industries the government will be keenly focusing on this year, saying that they stand to earn a profit should they decide to do so.
Ilocos farmers, local officials protest vs. proposed tobacco tax restructuring bill
February 9, 2012 11:32 pm· Leave a Comment
VIGAN CITY, Feb. 9 — Some 5,000 Virginia tobacco farmers from various Ilocos provinces, including local officials, held a protest rally against a proposed bill seeking to restructure the excise tax collected from alcohol and tobacco.
Robredo tells LGUs: Formulate your local investment code
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb. 9 — Department of Interior and Local Government Secretary Jesse Robredo urged all provinces, cities and municipalities on Thursday to craft their respective Local Investment and Incentives Code (LIIC).
NG debt rises to P4.93 trillion in November ‘11
February 9, 2012 11:32 pm· Leave a Comment
MANILA, Feb. 9 -– Total liabilities of the Philippine government rose 4.52 percent year-on-year in November 2011 after it reached P4.93 trillion, the Bureau of the Treasury (BTr) said.
ASEAN member states invest 880 mln USD in Cambodia last year
February 9, 2012 11:32 pm· Leave a Comment
PHNOM PENH, Feb. 9 — Cambodia has attracted fixed asset investments of 880 million U.S. dollars from its ASEAN member states in 2011, according to a government report on Thursday.
Russian government presidium to discuss ways of improving investment climate
February 9, 2012 11:32 pm· Leave a Comment
MOSCOW, Feb. 9 — The presidium of the Russian government to be chaired by Prime Minister Vladimir Putin will meet on Thursday, February 9, to discuss ways to improve the country's investment climate.