Share After Intel Corp. reported their record second quarter profit and Singapore raised its 2010 economic growth forecast, Philippine stocks rose on Wednesday despite tropical storm Basyang. The PSEi or Philippine Stocks Exchange index gained 36.48 points or 1.06 percent to 3,472.33 points. This records a new high since closing at 3,447.29 last [Continue reading]

Share RP’s stock market closed on a positive note for three consecutive trading days as financial investors welcomed the news on financial reform measures to be pushed by some legislators of the 15th Congress. The Philippine Stock Exchange index gained by 14.37 points or 0.43 percent to 3,350.08 points on Wednesday after losing approximately [Continue reading]

Share   Local stocks slowed down as uncertainties in the world market, triggered by the increase in US private payrolls at a much slower pace than market expectations and Moody’s warning of a sovereign credit downgrade on Spain, arises. Share [Continue reading]

Share “This will be a full court press and we will be unrelenting until we achieve a tax effort that is commensurate with what the legal system provides for.” Share [Continue reading]

Share   KUALA LUMPUR, Malaysia — Oil prices rose above $78 a barrel Tuesday in Asia, spurred by bargain hunting amid a weaker dollar and after gains in European shares. Benchmark crude for February delivery was up 35 cents to $78.35 a barrel in electronic trading at early afternoon Kuala Lumpur time on the New [Continue reading]

Share Remittances of Filipinos abroad up 11.3% in Nov. Millions of Filipinos abroad sent home $ 1.46 billion in November, up 11.3 percent from year earlier, strengthened by the extra transfers of funds to help families affected by typhoons. According to Central Bank, the November figure brings total remittances for the first 11 months of [Continue reading]