GMA News Online / Economy / Business

Oil firms roll back fuel prices

Sun, 22 Jan 2012 08:34:02 +0800

After several fuel price hikes in past weeks, oil firms finally rolled down the prices of their products Sunday morning.

PHL ready for WB warning on weakening economy – Palace

Sat, 21 Jan 2012 12:21:04 +0800

Malaca�ang on Saturday reassured the public the country is ready for the possible weakening of the world economy as the World Bank sees it, by strengthening its domestic spending.

Dow, S&P 500 post best week since Christmas

Sat, 21 Jan 2012 08:25:34 +0800

US stocks posted their best week since Christmas, even with a mixed finish on Friday after strong earnings from tech bellwethers IBM and Intel contrasted with Google's disappointing report.

Oil dips under $100 per barrel

Sat, 21 Jan 2012 05:40:52 +0800

NEW YORK �- Oil prices slid underneath $100 per barrel in New York Friday as sentiment was weakened by expectations of lower demand and traders awaited the outcome of Greek debt talks.

Luck plays a part, but hard work is still key to business success – businessmen

Fri, 20 Jan 2012 13:25:42 +0800

The Year of the Dragon will bring luck to business, but hard work is still the key to success, businessmen interviewed by GMA News Online said.

PHL remains vulnerable to external shocks - ADB

Thu, 19 Jan 2012 13:22:34 +0800

Despite steady economic growth, a senior official of the Asian Development Bank warned that the Philippines remains vulnerable to external shocks such as weakening of major economies in the world.

Energy officials mull transfer of power barges from Visayas to Mindanao

Wed, 18 Jan 2012 21:05:12 +0800

The National Grid Corporation of the Philippines (NGCP) and the Department of Energy are considering deploying power barges to Mindanao to ease the acute power shortage there.

China posts ‘modest’ 8.9% growth, Greek default fears weigh on Europe

Tue, 17 Jan 2012 17:39:35 +0800

LONDON�- Early trade was dominated by better-than-expected figures on Chinese growth, even if the 8.9 percent annual rise was the weakest in 2-1/2 years and down from 9.1 percent in the previous quarter.�A slightly brighter picture for global growth countered concerns over Europe's debt crisis on Tuesday.

PNoy confident PHL will be world's 16th largest economy by 2050

Tue, 17 Jan 2012 17:04:13 +0800

President Benigno Aquino III on Tuesday expressed confidence that the Philippines will be able to live up to the forecast of a foreign think tank that it could become the world’s 16th largest economy by 2050.

Dependent on Manila, local governments are 'lazy' tax collectors - UP economist

Tue, 17 Jan 2012 11:08:00 +0800

Most municipalities and provinces no longer collect their own taxes because they have grown dependent on the national government's internal revenue allotment (IRA), said Prof. Benjamin Diokno of UP School of Economics during the first annual policy forum of PCED Institute of Public Economics and Regulation (PIPER) on Monday.

'It's more fun in the Philippines' launched at ASEAN Tourism Forum

Sat, 14 Jan 2012 21:11:41 +0800

The “It’s More Fun in the Philippines” campaign of the Department of Tourism (DOT) debuted at the ASEAN Tourism Forum (ATF) in Manado, Indonesia on Friday.

US lawmaker: Saudis have enough oil to make up for Iran

Sat, 14 Jan 2012 09:43:30 +0800

Saudi Arabia says it has enough oil output capacity to meet global customers' needs if new sanctions keep Iran from exporting oil, a top US Republican lawmaker said on Friday.

Wall St slips on reports of eurozone downgrades

Sat, 14 Jan 2012 08:31:57 +0800

US stocks dropped on Friday, snapping a four-day winning streak after news reports that Standard & Poor's would downgrade credit ratings on several euro-zone countries.

US trade deficit widens by 11.6% to $512.8-B

Sat, 14 Jan 2012 01:49:11 +0800

WASHINGTON��- The US trade deficit �for the first 11 months of 2011, at $512.8 billion, was up 11.6 percent from a year earlier. But imports were up 15.1 percent during the period, while exports grew at a slighter pace, 14.3 percent.

Apple to halt sales of latest iPhone in China retail stores

Fri, 13 Jan 2012 13:16:15 +0800

SHANGHAI —�Apple Inc. said on Friday it will stop selling its latest iPhone in its retail stores in Beijing and Shanghai to ensure the safety of its customers and employees.