Philippines Business News

Nov. 24 (PNA) – The average rate of Philippines three- and six-month Treasury bills (T-bills) slightly dropped on Monday while the one-year debt paper rose. The rate of the 91-day paper declined to 3.79 percent from 3.82 percent on Nov....

We would like to inform you that PNB's Electronic Banking Channels - Internet Banking, Phone Banking and Mobile Banking, will be temporarily unavailable starting 8:00 PM on July 1, 2007 (Sunday) until 1:00 AM on July 2, 2007 (Monday) [GMT...

Dubai crude was sold at an average of US$ 78 per barrel, higher than the US$ 73 per barrel average for the month of October. Unleaded gasoline were pegged at US$ 81 per barrel as compared to October’s average price...

A visiting International Monetary Fund (IMF) team has asked the government about its "exit strategy" and plans to cut the budget deficit, to which officials said they replied by giving assurances that stimulus spending would be cut once the economy...

Former Socioeconomic Planning Secretary Solita Monsod Monday defended the oil price increases, saying the Oil Deregulation Law prevented oil companies from forming cartels and overpricing gasoline. Monsod, appearing as an amicus curae (friend of the court) at Manila Regional Trial...

Noel Oñate said in a brief statement upon learning of the SEC’s decision. Oñate proves, once again, his corporate acuity, a maverick investor, who acquired the entire stake of GPL Holdings Inc. P250 million under a share purchase agreement. “Upon...

Stocks to watch on the Australian stock exchange at noon: ANZ - ANZ BANKING GROUP LTD - up 21 cents, or one per cent, at $21.96 ANZ Banking Group has completed its acquisition of the Royal Bank of Scotland's Philippines...

Nov. 21 (PNA)—Alliance Global Group, Inc. (AGI) posted a consolidated net income of P4.7 billion in the first nine months of 2009, up 16 percent year-on-year from 2008’s P4.1 billion. In its disclosure to the Philippine Stock Exchange, AGI said...