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Otto Energy sees first oil in Philippines in April
SINGAPORE - Australia-based Otto Energy Ltd. will see its first oil field come onstream in April in the Philippines, but it has deferred the start of the Calauit field to end-2009 at the earliest, the head of the company said on Friday.abs-cbnnews.com 03/14/2008 5:56 PM
Napocor to supply power to Toledo mine
Atlas Consolidated Mining & Development Corp. told the stock exchange Friday that state-owned National Power Corp. (Napocor) will supply electricity to its subsidiary's copper mine in Toledo City, Cebu over the next three years.abs-cbnnews.com 03/14/2008 5:14 PM
Arroyo: New offer to buy 40% of Petron a 'vote of confidence'
President Arroyo welcomed on Friday an offer made by London-based investment firm Ashmore to buy the 40-percent stake of Saudi firm, Aramco Overseas Corp., in Petron Corp., saying it was a vote of confidence in the country's "positive" business climate.abs-cbnnews.com 03/14/2008 4:20 PM
RP shares end lower on US economic woes
Philippines shares closed lower on Friday, dragged down by losses in Philippine Long Distance Telephone Co. (PLDT) and property stocks, as investors remained cautious over economic concerns in the US, analysts said.abs-cbnnews.com 03/14/2008 1:24 PM
BSP move sparks bond rally
Philippine debt yields dropped around 20 basis points in heavy trading on Friday after the Bangko Sentral ng Pilipinas effectively pumped funds into the market by cutting rates on its Special Deposit Accounts (SDAs) and removing half the available tenures.abs-cbnnews.com 03/14/2008 12:21 PM
Oil down from record high but still on the boil
SINGAPORE - Oil simmered down Friday after hitting a record 111.00 dollars per barrel overnight, but analysts said prices remain on the boil due to a sharp fall in the value of the US dollar.abs-cbnnews.com 03/14/2008 12:16 PM
DBS lifts inflation forecast for RP to 5.0%
Singapore-based DBS Bank has raised its full-year inflation rate forecast for the Philippines from 3.5 percent to 5.0 percent, the upper end of the central bank's target range.abs-cbnnews.com 03/14/2008 12:09 PM
Petron tie-up with Saudi oil firm could end soon
Petron Corporation disclosed to the Philippine Stock Exchange that it has a $550 million offer from a subsidiary of a London-based company to purchase the 40 percent stake of Aramco Overseas Company, a Saudi oil firm.abs-cbnnews.com 03/14/2008 10:20 AM