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RP likely grew 1.6%-2.6% in Q3: NEDA chief

MANILA - The Philippines likely expanded 1.6% to 2.6% in the third quarter from a year earlier, a senior government official said on Thursday.

abs-cbnNEWS.com 11/19/2009 6:38 PM


PAL boosts fleet with new Boeing jet; offers fare promo

MANILA - Flag carrier Philippine Airlines (PAL) took delivery of its first Boeing 777-300ER aircraft last night.

abs-cbnNEWS.com 11/19/2009 6:08 PM


RP can still achieve balanced budget by 2013

MANILA - Global investment bank Goldman Sachs believes that the Philippines can still balance its budget by 2013 even as the country's deficit already hit P266.1 billion during the first 10 months of the year, above full-year target.

abs-cbnNEWS.com 11/19/2009 4:53 PM


RP shares close 1.01% higher

MANILA - Philippine share prices closed 1.01% higher Thursday on selective buying of blue-chips, dealers said.

Agence France-Presse 11/19/2009 12:56 PM


Titan Exploration bags 3 coal supply contracts

MANILA - With close to P300 million in investments to be poured in its coal mine operations Zamboanga Sibugay and Davao Oriental, Titan Exploration and Development Corp. (TEDC) expects to open about 18,000 jobs to people living within its 5 coal contract areas.

By Paul A. Isla, Business Mirror 11/19/2009 12:38 PM


Oil down in Asian trade after breaching $80 mark

SINGAPORE - Oil prices cooled in Asian trade Thursday after breaching $80, spurred mainly by a decline in US energy stocks, analysts said.

Agence France-Presse 11/19/2009 11:58 AM


Chocolate war looms as Hershey, Ferrero mull Cadbury bid

LONDON - US chocolate maker Hershey and Italian peer Ferrero said Wednesday they are considering a bid for British confectioner Cadbury, in a move which would whip up a takeover war with Kraft Foods.

Agence France-Presse 11/19/2009 11:47 AM


Megaworld raises P5-B from bond sale

MANILA - Philippine property firm Megaworld Corp. said on Thursday it sold P5 billion ($107 million) worth of 5.5-year fixed-rate bonds to fund a development in Metro Manila.

Reuters 11/19/2009 11:00 AM


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