LATEST BUSINESS NEWS Stock market remains on volatile ground By Neil Jerome C. Morales | Updated June 24, 2013 - 12:00am Volatile sessions are likely to characterize trading once more on Philippine stocks, as the market remains in search of positive leads that will reverse the gloomy picture. Shell keeps refinery, defers IPO decision By Iris C. Gonzales | Updated June 24, 2013 - 12:00am Pilipinas Shell Petroleum Corp. will likely keep its refinery operations but has no decision yet on pushing through with its initial public offering (IPO), its top official said. Banks’ branches, ATMs expand in Q1 By Prinz P. Magtulis | Updated June 24, 2013 - 12:00am A merger of two big banks and closures of several rural banks decreased the number of lenders in the country last quarter, but this was more than offset by the establishment of more branches and automated teller machines (ATMs). Gov’t efforts to curb oil smuggling pays off By Iris C. Gonzales | Updated June 24, 2013 - 12:00am The government has significantly reduced oil smuggling in recent months, resulting in improved sales for local petroleum players, Pilipinas Shell Petroleum Corp. said. PCGG reports 23% income hike By Helen Flores | Updated June 24, 2013 - 12:00am The Presidential Commission on Good Government (PCGG) has reported a 23-percent growth in the combined income of 11 sequestered and surrendered companies in 2012. SEC approves final rules for ETFs By Neil Jerome C. Morales | Updated June 24, 2013 - 12:00am The introduction of new investment product Exchange-Traded Funds (ETF) in the local bourse is all set for this year. StanChart boosts CSR program By Donnabelle L. Gatdula | Updated June 24, 2013 - 12:00am Standard Chartered Bank Philippines is strengthening its corporate social responsibility (CSR) efforts as it observes the global World Environment Day 2013 by building houses. P&G taps ADB grant for zero-waste study By Ted P. Torres | Updated June 24, 2013 - 12:00am Consumer goods manufacturer Procter & Gamble Co. (P&G) is seeking a technical assistant (TA) grant from the Asian Development Bank (ADB) worth $385,000 (roughly P16.5 million) for a feasibility study leading to zero manufacturing waste operations in the Philippines. Petilla, Korean water to thresh out Angat deal By Iris C. Gonzales | Updated June 24, 2013 - 12:00am Energy Secretary Carlos Jericho Petilla is meeting with the Korean company that won the bidding for the Angat hydropower plant but is currently negotiating to bring down the $440.88-million price tag on the facility. China’s Qinzhou City wants to attract Filipino firms By Louella D. Desiderio | Updated June 24, 2013 - 12:00am The local government of this city wants to attract Filipino companies to do business with local enterprises here to have stronger economic ties with the Association of Southeast Asian Nations (ASEAN). NGCP warns on dangers of trespassing on transmission areas By Iris C. Gonzales | Updated June 24, 2013 - 12:00am The National Grid Corp. of the Philippines (NGCP), the operator of the country’s power transmission line, has warned the public on the dangers of trespassing on transmission area perimeters. DTI urges SEIPI members to add value to products By Czeriza Valencia | Updated June 24, 2013 - 12:00am The Department of Trade and Industry (DTI) is urging electronics and semiconductor manufacturers in the Philippines to add value to their products to be competitive in free trade areas. PTAA lauds extension of accreditation to process passports for clients By Donnabelle L. Gatdula | Updated June 24, 2013 - 12:00am The Philippine Travel Agencies Association (PTAA) welcomes the move of the Department of Foreign Affairs (DFA) to extend the accreditation of travel agencies to process passports for their clients. TVIRD moves a step closer to operating Balabag mine By Czeriza Valencia | Updated June 24, 2013 - 12:00am The local arm of Canadian miner TVI Pacific Inc. has submitted to the government its Declaration of Mining Project Feasibility (DMPF), bringing it closer to operating its Balabag gold-silver project in Zamboanga del Sur. EDC to start construction of 87-MW Burgos wind farm By Iris C. Gonzales | Updated June 24, 2013 - 12:00am Energy Development Corp. (EDC), the Lopez-led geothermal energy, is set to start construction of its 87-megawatt wind farm in Burgos, Ilocos Norte. BUSINESS ARCHIVES
Posted on: Mon, 24 Jun 2013 07:18:06 +0000
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