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Palace: Too soon to rule out power rate fixing

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Sen. Sergio Osmeña III (Inquirer file photo), Energy Secretary Jericho Petilla (AP file photo), Communications Secretary Herminio Coloma (Inquirer file photo)

Malacañang is apparently not buying Sen. Sergio Osmeña III’s pronouncement that there was no collusion among the energy market players to manipulate power rates when the Malampaya natural gas plant shut down for maintenance work for one month last year.

Posted: January 26th, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

No rise in bread prices yet, says Malacañang

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“There won’t be any price adjustment in Pinoy Tasty and Pinoy Pandesal because the DTI and the bakers and millers are still studying (this),” said presidential spokesman Edwin Lacierda on Wednesday.  PHOTO FROM MARBYFOODVENTURES.COM.PH

There is no imminent increase in bread prices despite a threat against the importation of the lower-priced Turkish flour, Malacañang assured the industry on Wednesday.

Posted: August 1st, 2013 in Latest Business Stories | Read More »

Aquino: Growth must be inclusive

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President Benigno Aquino III. FILE PHOTO

President Benigno Aquino III on Thursday opened the 14th annual conference of the Global Development Network (GDN) with the statement that economic growth must be “inclusive.”

Posted: June 20th, 2013 in Latest Business Stories | Read More »

Newspaper publishers keeps hopes alive despite challenges

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Delegates from various media organizations visit the AFP exhibition displayed at the 65th World Newspaper Congress at a hotel in Bangkok on Monday, June 3, 2013. Despite uncertainties brought about by digital challenges, the future of the news publishing business looks promising, experts said at the opening of the newspaper congress.  AFP PHOTO/PORNCHAI KITTIWONGSAKUL

The news business is not a dying industry, but newspapers have to provide good and relevant content, journalists and media owners told an international media conference on Monday.

Posted: June 4th, 2013 in Latest Business Stories | Read More »

Palace cites ‘straight path’ for upgrade

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President Benigno S. Aquino III Malacañang Photo Bureau

Malacañang credited President Benigno Aquino III’s “straight path” for Standard & Poor’s upgrade of the country’s sovereign borrower standing to investment grade.

Posted: May 3rd, 2013 in Latest Business Stories | Read More »

Filinvest unit to put up P30B plant in Misamis Oriental

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fdc-utilities logo

FDC Misamis Power Corp., a unit of the Gotianun group’s Filinvest Development Corp., is investing P30 billion to put up a 405-megawatt thermal power plant at the Phividec Industrial Estate in Misamis Oriental.

Posted: April 18th, 2013 in Editor's Pick,Headlines | Read More »

‘No reason to fire Ruffy Biazon’

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Customs Commissioner Ruffy Biazon: Blames corruption. INQUIRER.net FILE PHOTO

Malacañang is standing by Customs Commissioner Rozzano “Ruffy” Biazon despite the massive smuggling of petroleum products into the country that industry leaders claim is costing the government at least P30 billion in forgone revenue annually.

Posted: April 4th, 2013 in Headlines | Read More »

‘Rising tiger’ begins to growl

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MANUEL ROXAS II: Implementation of projects on track. INQUIRER FILE PHOTO

Interior Secretary Mar Roxas and Sen. Loren Legarda on Saturday attributed the decision of Fitch Ratings to award the country with its first-ever investment grade rating of BBB- from BB+ on the reform-oriented and transparent governance of President Benigno Aquino III.

Posted: March 31st, 2013 in Latest Business Stories,Photos & Videos | Read More »

Early Easter gift for PH

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“It’s an early Easter for the market,” said a fund manager after Fitch Ratings raised the Philippine credit rating to investment grade on Wednesday, a move expected to boost investments and lift the country’s long-term growth potential.

Posted: March 28th, 2013 in Headlines | Read More »

PH debuts as Asia’s new gamblers’ haven

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solaire

A $1.2 billion giant casino was set to open Saturday in the Bay City area of Parañaque City in a high-stakes bid of the Philippines to join the world’s elite gaming destinations.

Posted: March 16th, 2013 in Latest Business Stories | Read More »

Return of int’l air carriers to PH expected

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An Air France-KLM plane on an airport tarmac. Several European and American airlines, including the Dutch nation carrier, are expected to return to the Philippines after the government’s removal of “discriminatory” taxes on foreign carriers, the country’s leading tourism industry group said Thursday, March 7, 2013.  PHOTO FROM AIRFRANCEKLM-FINANCE.COM

Several European and American airlines are expected to return to the Philippines after the government’s removal of “discriminatory” taxes on foreign carriers, the country’s leading tourism industry group said.

Posted: March 8th, 2013 in Latest Business Stories | Read More »

Aquino to put PH in global focus in Davos debut

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President Benigno Aquino III. FILE PHOTO

Joining the World Economic Forum (WEF) for the first time, President Aquino will invite more investors and tourists to come to the Philippines to create more jobs and sustain the country’s economic momentum beyond his term, Communications Secretary Ricky Carandang said.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

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