By Juzel L. Danganan MANILA, Jan. 20 (PNA) — Stakeholders of Otto Energy Ltd’s have approved the sale of the company’s 33 percent working interest at Galoc Production Company W.L.L. to Nido…
Category: Business & Economy
PHL stocks extend slump on global growth worries
By Leslie D. Venzon MANILA, Jan. 20 (PNA) –- Local share prices extended their slump on Tuesday, dragged by concerns about global growth. The bellwether Philippine Stock Exchange index (PSEi) declined 32.51…
Real estate group pushes for land conversion to address housing backlog
By Kris M. Crismundo MANILA, Jan. 19 (PNA) — The Chamber of Real Estate and Builders’ Associations, Inc. (CREBA) has stressed its support to the National Land Use Act (NLUA) provided that…
DTI Cebu issues 13,770 business names in 2014 with Php5.4-B capital
CEBU CITY, Jan. 19 (PNA) — The Department of Trade and Industry (DTI) Cebu provincial office has issued a total of 13,770 business names in Cebu in 2014, an official said. Zaide…
German no-frills airliner to launch direct flights to Iran
BERLIN, Jan. 18 (PNA/IRNA) — German budget airliner Germania will offer direct flights to Tehran and Mashhad starting next month, Germania CEO Karsten Balke told IRNA in an exclusive interview. We will…
Stock markets likely to remain bullish; Q3 earnings eyed
NEW DELHI, Jan. 18 (PNA/PTI) — Stock markets are expected to remain bullish in the week ahead and corporate earnings from blue-chips like ITC and HUL would continue to dictate the trend…
Iran-China trade hit US$ 52-B in 2014
TEHRAN, Jan. 18 (PNA/IRNA) — Iran-China transactions reached US$ 52 billion in 2014, indicating a growth of 35 percent year-on-year, said managing director of the Industries, Mines and Trade Ministry’s Center for…
Toshiba launches Android powered LED TVs
NEW DELHI, Jan. 18 (PNA/PTI) — Japanese electronics giant Toshiba has introduced a new range of smart LED TVs powered by Android that will allow viewers to access a wide range of…
Rational oil price in draft budget will avert crisis
TEHRAN, Jan. 18 (PNA/IRNA) — An English-language paper on Sunday reflecting on the declining oil prices, wrote that if oil rates are set at US$ 40, no economic upheaval will threaten our…
PTT to invest Php3-B for more gas stations
MANILA, Jan. 18 (PNA) -– PTT Public Company Limited (PTT PLC) will invest Php3 billion to put up 70 gas stations in the country in the next five years. Company Oil Business…
WB sees sustained above 5% growth for PHL from ’14-‘16
By Joann Santiago MANILA, Jan 14 (PNA) — World Bank (WB) continue to see above-trend growth for the Philippines going forward even if it cuts its growth forecast for the country anew….
PSEi hits new record near 7,500 on positive prospects
By Leslie D. Venzon MANILA, Jan. 14 (PNA) — The local stock market resumed its bull run Wednesday, closing at its record all-time high near 7,500 on the local economy’s positive prospects…
Cebu Pacific offers first seat sale after vowing for fuel surcharge removal
By Azer N. Parrocha MANILA, Jan 14 (PNA) — Days after Cebu Pacific vowed to remove fuel surcharge on airline fares for both domestic and international flights, the budget airline on Wednesday…
Remittances of Filipino workers overseas rose 2% to USD 2.12B in Nov. ’14
By Joann Santiago MANILA, Jan. 14 (PNA) – – Remittances of Filipinos overseas remained at the USD 2-billion level in November 2014 but its monthly growth of two percent is the slowest…
PHL stocks regain 7,400-mark on investors’ optimism
MANILA, Jan. 13 (PNA) –- The local stock market regained the 7,400-level on Tuesday, bucking the regional downtrend, as optimism spread among investors. The benchmark Philippine Stock Exchange index (PSEi) advanced 40.64…