Philippine shares close 0.76% higher

Foreign direct investments drop 84%

By: edlopez

The Philippines'  total foreign direct investments (FDI) in the third quarter of 2009 posted a substantial drop of 84.4 percent to P10.4 billion compared to the same period last year. These FDIs were approved by the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay ...

8 days ago

NTPC sale to fetch 1.8 billion dollars: Disinvestment Secretary

By: AMITOO2_44

A five percent stake sale of the state-run power producer National Thermal Power Corporation (NTPC) could fetch the government 1.8 billion dollars (81 billion rupees), Disinvestment Secretary Sunil Mitra said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the ...

26 days ago

Disinvestment Secretary: NTPC sale to fetch 1.8 billion dollars

By: munish25

A five percent stake sale of the state-run power producer National Thermal Power Corporation (NTPC) could fetch the government 1.8 billion dollars (81 billion rupees), Disinvestment Secretary Sunil Mitra said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the ...

26 days ago

AN ALARM: Great collapse in many stock markets

By: ASMASH

  Stocks tumbled for second day on Friday due to Dubai’s debt issue. Dubai’s shock demand to suspend the debt of a key state company. The Dow Jones industrial average fell 193 points, after closing Wednesday at a 13-month high. The S&P 500 lost 24 points after closing Wednesday at a 13-month ...

12 days ago