Business and Markets news, Funds, Finance and Stock Market
Financial and business news and articles
Financial and business news and articles
Mar 12th
President Gloria Macapagal-Arroyo has approved a recommendation declaring a state of calamity in Mindanao, allowing government to use disaster funds to address the power crisis besetting the Philippines’ second-largest island.
This was disclosed on Thursday by Mindanao Development Authority chairman Jesus Dureza, who, until last year, was the Arroyo government’s press secretary.
Dureza made this disclosure [...]
Mar 12th
Mar 12th
SURIGAO DEL NORTE , Philippines – Liberal Party (LP) presidential bet Sen. Benigno “Noynoy” Aquino III yesterday warned that President Arroyo’s assurance of a smooth turnover to the next president may be a hollow one.
Aquino said there are indications that Mrs. Arroyo could have been making decisions to ensure her stay in power beyond her [...]
Mar 12th
The central bank on Thursday said it was phasing out liquidity-enhancing measures as part of a continuing move to tighten monetary policy to control money in the financial system amid the recovering economy.
The policy-making Monetary Board cut its budget for short-term loans to banks under its rediscount facility by a third to P40 billion, [...]
Mar 12th
Mall tycoon Henry Sy and tobacco and beer magnate Lucio Tan stayed on Forbes magazine’s billionaire list this year at 201st and 582nd, respectively.
Forbes placed Sy and family’s net worth at $4.2 billion (P192.02 billion), and Tan and family at $1.7 billion (P77.72 billion).
Jaime Zobel de Ayala, who was on the 2009 list, failed [...]
Mar 12th
ARLINGTON, Texas — The brand new and extremely modern Dallas Cowboys Stadium easily stands out here in Arlington.
The $1.2 billion-stadium is the home of the popular Dallas football team, but this Saturday (Sunday in Manila), it plays host to the boxing championship fight of pound-for-pound king Manny Pacquiao and Joshua Clottey from Ghana.
The stadium [...]
Mar 12th
DALLAS – There’s just too much respect between these two fighters it may take a little while before they start hurting each other inside the ring.
They smiled at each other, shook hands and embraced like they were friends more than foes. They looked very comfortable standing beside each other, then face-to-face, against their backs. [...]
Mar 12th
MANILA, Philippines – Rhian Ramos treads her career path carefully.
“I’m a committed person. I concentrate on a task instead of spreading myself thin. Nothing I do is half-baked. I hate embarrassing myself,” she said.
This is why Rhian was selective in accepting offers even after she was deluged with proposed projects on the [...]
Mar 12th
MANILA, Philippines – After the success of his debut album, “Paano Na Kaya,” Pinoy Dream Academy Season 2 scholar Bugoy Drilon released his second album under Star Records.
Drilon said he feels proud and thankful at the same time as he did not expect that his singing career will go as far as a second album.
[...]
What and when MI5 knew about torture
Mar 12th
Posted by Steve Bell in Politics
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What the former MI5 chief Dame Eliza Manningham-Buller and her colleagues knew