TODAY'S BUSINESS HEADLINES

Energy department to allow exemptions from biofuels blend mandate 30-Jun-15, 9:24 PM | Philippines News Agency

Bank lending grew at slower pace in May 30-Jun-15, 5:47 PM | Philippines News Agency

Philippine economic managers see second-quarter recovery 30-Jun-15, 5:36 PM | Philippines News Agency

SM-Ayala Land consortium bags Cebu's South Road Properties project 30-Jun-15, 4:17 PM | Philippines News Agency

Bearish sentiment dominates Philippine stock trades 30-Jun-15, 12:34 PM | InterAksyon.com

Energy Sec. Petilla orders re-evaluation of Bat-Man natural gas pipeline 5:09 pm | Philippines News Agency The re-evaluation was brought about by the absence of an offtaker.

Ayala Land eyes P8.8-billion sales from expansion of Nuvali residential segment Ayala Land eyes P8.8-billion sales from expansion of Nuvali residential segment 4:31 pm | Philippines News Agency Riomonte is the seventh residential project in Nuvali.

Philippine economic team tout growth of ICT industry in final leg of U.S. roadshow Philippine economic team tout growth of ICT industry in final leg of U.S. roadshow 4:16 pm | Philippines News Agency Infrastructure however remains a challenge for the country.

STATEMENT | Big Business calls for end to Makati stalemate, respect for \ STATEMENT | Big Business calls for end to Makati stalemate, respect for 'rule of law' 1:23 pm | InterAksyon.com The business group also called on the judiciary to 'render a fair decision swiftly and in accordance to its merits.'

Competition Act to boost Philippine competitiveness, says NEDA chief Competition Act to boost Philippine competitiveness, says NEDA chief 1:10 pm | Philippines News Agency The bill is awaiting President Aquino's signature.

Asia steadies, euro bears Greek burden Asia steadies, euro bears Greek burden 1:01 pm | Reuters MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent.

Philippine targets more exports to Russia Philippine targets more exports to Russia 12:44 pm | Philippines News Agency Bilateral trade exceeded $713 million in 2010.

Selling pressure persists at Philippine stock market 12:30 pm | InterAksyon.com Selling pressure persists at Philippine stock marketDecliners edged out advancers, 82 to 69.

China June factory, services surveys fuel hopes economy leveling out, no quick rebound seen 12:13 pm | Reuters China June factory, services surveys fuel hopes economy leveling out, no quick rebound seenWith demand weak at home and abroad, factory growth remained tepid, with the reading just above the 50 point level that separates contraction from expansion on a monthly basis.

Bangko Sentral places Batangas rural bank under PDIC receivership 9:26 am | Philippines News Agency Bangko Sentral places Batangas rural bank under PDIC receivershipRural Bank of Taysan is a single-unit bank.

Wall St. ends up on Greek hopes ahead of debt deadline 9:11 am | Reuters Wall St. ends up on Greek hopes ahead of debt deadlineGreece, hours from missing a 1.6 billion euro ($1.8 billion) payment due to the International Monetary Fund, submitted a new aid proposal to its creditors.

Petron cuts price of LPG 9:04 am | Philippines News Agency Petron cuts price of LPGAccording to the Department of Energy's (DOE's) oil monitor, an 11-kg LPG cylinder costs between P480-P680.

NGOs band together to organize People's APEC 8:51 am | InterAksyon.com NGOs band together to organize People\Various non-governmental organizations convened this week to form a coordinating network that will engage the 2015 Asia Pacific Economic Conference (APEC) and organize a parallel and alternative to the APEC Summit dubbed Peoples' Forum on APEC 2015 (PFA 2015).

Greece becomes first developed country to default on IMF 6:31 am | Paul Handley, with Danny Kemp in Brussels and Ella Ide in Athens, Agence France-Presse Greece becomes first developed country to default on IMF(UPDATE, 11:15 a.m.) Cash-strapped Greece missed a 1.5 billion euro ($1.7 billion) payment to the International Monetary Fund on Tuesday as last-ditch efforts to find a compromise with official EU lenders came to naught.

Century Pacific scouting for acquisitions 9:50 pm | Philippines News Agency Century Pacific scouting for acquisitionsCNPF's capex for 2015 is pegged at P820 million.

Energy department to allow exemptions from biofuels blend mandate 9:24 pm | Philippines News Agency Energy department to allow exemptions from biofuels blend mandateOil firms seeking exemption however must meet the 97 RON requirement.

Renewable energy firm clears way for conversion of Nickel Asia's loan into equity 9:09 pm | Philippines News Agency Renewable energy firm clears way for conversion of Nickel Asia\Nickel Asia will take a 55-percent stake in Emerging Power Inc.

TV5, Cignal introduce Bloomberg TV Philippines 8:14 pm | Cristina Lazo, News5 TV5, Cignal introduce Bloomberg TV PhilippinesKey officials of TV5 and cable channel Cignal TV gathered on Tuesday to introduce Bloomberg TV Philippines, the local franchise of the US-based business news channel Bloomberg TV.

PhilRealty forays into energy, other sectors outside real estate 7:58 pm | Philippines News Agency PhilRealty forays into energy, other sectors outside real estateIts maiden power venture involves generating energy from plastic waste.

Dollar retreats on Greek debt crisis 7:35 pm | Philippines News Agency Dollar retreats on Greek debt crisisThe peso-dollar pair closed Tuesday at P45.09:$1, lower than the previous day's P45.19:$1.

Moody's expects double-digit loan growth in Philippines, Indonesia through 2016 7:16 pm | Philippines News Agency Moody\Lending is seen growing 15-20 percent.

SC halts enforcement of 2 EOs on coco levy privatization, use 7:06 pm | Brian Maglungsod, InterAksyon.com SC halts enforcement of 2 EOs on coco levy privatization, useThe implementation of two executive orders issued by President Benigno S. Aquino III on the privatization of the coconut levy funds and its use by the government has been stopped by the Supreme Court.

Philippines an 'investment magnet' to European countries, says Spanish envoy 6:22 pm | Philippines News Agency Philippines an \The Spanish envoy also described the economic cycles of Spain and the Philippines as 'increasingly complementary'.