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Oil firms hike prices; supply concerns, US recovery cited

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AP FILE PHOTO

Oil firms raised prices for fuel products this week amid concerns on supply disruption and signals of economic recovery in the U.S.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

SC extension of TRO vs power rate draws mixed reaction

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AFP FILE PHOTO

Mixed reactions greeted the Supreme Court order indefinitely holding a power rate increase that triggered public protests late last year.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

Philips reports 15.0% profit slump, flags in medical markets

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Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

Makabayan bloc hopes SC will eventually junk power rate hike

AFP FILE PHOTO

The Makabayan bloc in the House of Representatives lauded the Supreme Court for indefinitely extending the temporary restraining order (TRO) on Manila Electric Company’s (Meralco) power rate increase.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

Mactan-Cebu airport modernization given green light

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Mactan Cebu International Airport FILE PHOTO

The Department of Transportation and Communication (DOTC) has given the go signal for the upgrade of the Mactan-Cebu International Airport (MCIA) with the formal signing of the concession agreement with the winning consortium GMR-Megawide Tuesday.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

PAL’s new jets cut fleet age to 3.5 years; 2014 outlook strong

FILE PHOTO

Flag carrier Philippine Airlines (PAL) will own one of Asia’s youngest fleet at 3.5 years with the completion of a modernization program that involves, among others, the replacement of 20 aging aircraft with modern, fuel-efficient planes that are seen to reduce costs amid expected productivity gains.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

TRO vs Meralco rate hike expires Tuesday

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AFP FILE PHOTO

The Manila Electric Co. (Meralco) has expressed optimism that issues on the recent electricity rate hikes will soon be resolved even as the Supreme Court’s temporary restraining order (TRO) on the controversial power rate hike last December 2013 expires Tuesday.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

Oil prices to go up on supply concerns, optimism on US rebound

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AFP FILE PHOTO

Local oil prices may increase this week on supply speculation and signals of recovery in the US economy.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

Century Pacific Food sets IPO price at P13.75 per share

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Screengrab from www.centurypacific.com.ph

Leading food manufacturer Century Pacific Food Inc. has finalized its initial public offering at a price of P13.75 per share, allowing the company to raise P3.16 billion in fresh funds for expansion.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

Oil prices down in quiet Asian trade

INQUIRER FILE PHOTO

Oil prices were down in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

Asian shares mixed in holiday-thinned trade

An electronic board showing the Hong Kong share index is seen at a commercial building in Hong Kong Thursday, April 10, 2014. AP FILE PHOTO

Asian markets were mixed in Easter holiday-hit trade Monday, with Japan’s Nikkei rallying on the back of a weaker yen as data showed the country’s trade deficit quadrupled in March.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

Fiat-Chrysler to produce iconic Jeep in China from 2015

A combo of file images shows the logos of Italian car manufacturer Fiat and US automobile heavyweight Chrysler. AFP FILE PHOTO

Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world’s largest car market.

Posted: April 19th, 2014 in Latest Business Stories | Read More »

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