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Stronger Aussie-PH trade ties urged


Australia is eyeing to further expand bilateral trade and investments with the Philippines as well as strengthen cooperation with the local agriculture and education sectors, according to New South Wales Premier Barry O’Farrell.   On the sidelines of a breakfast meeting Thursday, O’Farrell urged Philippine companies to look at potential investment opportunities in New South [...]

Posted: February 21st, 2014 in Headlines | Read More »

Australia wants PPP scheme for LNG supply


Australia is eager to become a major supplier of liquefied natural gas (LNG) to the Philippines, wanting to fill the supply gap resulting from the depletion of energy resources in Palawan.   The Australian Philippine Business Council (APBC) said energy firms from Australia are keen on doing business in the Philippines given the substantial LNG [...]

Posted: February 21st, 2014 in Headlines | Read More »

Oil found off Cebu; more tests needed


An Australian firm’s recent discovery of oil in Cebu gives the Philippines additional energy prospects, the Department of Energy (DOE) said, cautioning, however, that it remained to be seen if the oil find is substantial.

Posted: January 10th, 2014 in Latest Business Stories | Read More »

GM to stop making cars in Australia by 2017

In this undated file photo released by General Motors Co., a Holden Cruze hatch is driven off the assembly line after it was manufactured at a plant in Australia. General Motors Co. said Wednesday, Dec. 11, 2013, it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition. GM's Australian subsidiary Holden once dominated Australian auto sales, but lost market share to imported cars. AP

General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017 because of high production costs and competition.

Posted: December 11th, 2013 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Australia’s Qantas Airways to slash 1,000 jobs

Qantas aircraft: Potential alliance with Emirates AFP FILE PHOTO

Qantas Airways said Thursday it will slash 1,000 jobs and suffer half-year losses of at least 250 million Australian dollars ($225 million), increasing the likelihood that regulators will throw the flag carrier a lifeline by easing restrictions on foreign ownership.

Posted: December 5th, 2013 in Latest Business Stories | Read More »

Otto Energy to acquire BHP Billiton’s stake in SC 55


Australian firm Otto Energy Ltd. has executed a letter of intent to acquire the 60-percent stake of BHP Billiton in Service Contract 55 off Palawan.

Posted: November 29th, 2013 in Latest Business Stories | Read More »

World stocks lower as China meeting disappoints

In this photo released by China's Xinhua news agency, Chinese President Xi Jinping, center, and other Communist Party top leaders raise their hands to vote in the third plenary session of the 18th Central Committee of the Communist Party of China, in Beijing Tuesday, Nov. 12, 2013. AP

SEOUL, South Korea — Asian stock markets sank Wednesday after a highly anticipated meeting of Chinese leaders did not announce bold reforms to overhaul a growth model that is running out of steam. European markets were muted.   Communist Party leaders in Beijing pledged to promote market forces in the country’s state-dominated economy after the [...]

Posted: November 13th, 2013 in Latest Business Stories | Read More »

Australia central bank subsidiary in Saddam link


The Reserve Bank of Australia (RBA) on Monday admitted staff from a subsidiary visited Iraq at the height of UN sanctions after it was accused of attempting to strike an illegal deal with Saddam Hussein.

Posted: September 30th, 2013 in Latest Business Stories | Read More »

Increase exports to Australia, NZ, PH firms urged

Asian Terminals Inc. (ATI), which operates ports in Manila and Batangas, said profit dipped by a third in the nine months through September on a change in accounting policy while revenues were up..  AFP PHOTO

Philippine businesses are urged to take advantage of potentially lucrative export opportunities in Australia and New Zealand, which have a growing demand for high-value goods and services.

Posted: September 9th, 2013 in Latest Business Stories | Read More »

Failed PH-Aussie air talks limit Cebu Pacific’s expansion options


The failure of the Philippines and Australia to reach a new air deal was not only limiting the expansion options for budget carrier Cebu Pacific, which is growing its long-haul business, but also costing the island-continent potential significant growth in demand, an aviation think tank said.

Posted: August 22nd, 2013 in Headlines | Read More »

Plain packaging reduces allure of cigarettes—study


Scientists on Monday said they had evidence that plain packaging for cigarettes diminishes the appeal of smoking, as anti-tobacco campaigners suggest.

Posted: July 22nd, 2013 in Latest Business Stories,Science and Health | Read More »

PH missions attract Australia, N. Zealand traders


Companies in Australia and New Zealand have displayed an “overwhelming interest” in the Philippines’ information technology and business process management (IT-BPM) industry, according to Filipino trade mission delegates.

Posted: July 11th, 2013 in Headlines | Read More »



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