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Economy

NFA to hold 2 rice tenders to accommodate Cambodia

State-run National Food Authority on Tuesday said it will hold two rice tenders under its government-to-government purchase scheme.
Economy

Ayala Land to issue voting preferred shares next month

Ayala Land Inc. will offer voting preferred shares next month to allow more foreigners to buy into the company following a Supreme Court ruling that clarified Constitutional restrictions on public utilities and key industries.
Economy

Philippine stock index posts marginal gain

The Philippine Stock Exchange composite index eked out a slim gain of 4.43 points or 0.09 percent to close at 4,958.43 on Tuesday.
National | Economy

PH bananas get green light to enter China: Valte

Manila and Beijing have made headway in efforts to resolve a phytosanitary issue that has barred the entry of Philippine Cavendish bananas into China.
Economy

Philippines to remain 'basic consumer' market through 2020 - study

The Philippines will remain in the "basic consumer" income group until 2020, making it a less-priority market for global companies, according to a consulting firm.
National | Economy

AMLA amendments nearing completion - Guingona

Senator Teofisto Guingona III said Tuesday the bill amending the Anti-Money Laundering Act (AMLA) is nearing completion in time for the deadline set by the global Financial Action Task Force in June.
Economy | National

PH has lot to offer UK firms - Lord Mayor of London

The Philippines has a lot to offer British companies in terms of opportunities in infrastructure and other areas, the Lord Mayor of the City of London told reporters Tuesday. For one, British companies see the possibility of participating in railways, airports, ports, and other infrastructure projects of the Philippine government, Lord Mayor David Wootton said.
Economy

Alaska minority shareholders given more time to tender stocks

Minority shareholders of Alaska Milk Corp. have 10 more days to tender their shares to the company's new controlling shareholders.
Economy

PLDT hitches growth to broadband takeup

Philippine Long Distance Telephone Co. expects broadband revenues to sustain growth as it increases volume-based offers and implements Internet fair-usage policies.
Economy

Asian markets rise ahead of European summit

Asian markets rose Tuesday following a strong performance on Wall Street and on hopes EU leaders will come to an agreement on dealing with the eurozone debt crisis at an upcoming summit.
Economy

Consumer loans rise 15.5% in 4Q 2011

Consumer loans in the fourth quarter of 2011 grew by 15.5 percent from a year ago, according to the Bangko Sentral ng Pilipinas (BSP).
Economy

Airphil, Cebu Pacific seek renewal of domestic permits

The Philippines’ two leading low-cost carriers have asked regulators to renew their permits to operate domestic services.
Economy

Unpaid landowners to restrict NGCP personnel's access to transmission towers

Mindanao landowners seeking compensation for the power transmission towers that the government put up in their properties more than 20 years ago will bar the grid operator’s personnel from entering these facilities.
Economy | World

Youth joblessness back at financial crisis peak

Youth joblessness is almost back at its peak following the outbreak of the global economic crisis and is unlikely to ease until at least 2016, the International Labor Organization warned Tuesday.
Economy

Alsons to expand power business in Indonesia

Alsons Consolidated Resources Inc. will expand its power generation business in Indonesia.
World | Economy

Chinese fake parts 'flood' US military -- Senate report

More than a million Chinese counterfeit electronic parts are estimated to be in use in US military aircraft, according to a US Senate report released Monday saying the discovery jeopardizes safety and national security.
World | Economy

Germany, France vow support for Greece

Germany and France pledged Monday to do whatever was needed to keep Greece in the eurozone, as political turmoil in the debt-wracked country threatens to force it out of the club.
Economy | Opinion

RANDOM WALKER: Don't panic!

Now that the market has tumbled from the highs, it is all the more important to look at fundamentals. Because nothing has really changed: the market's fundamentals remain the same. It's only people's perception of the investment environment that has changed.