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Supply, prices of basic goods remain stable in Zamboanga City despite conflict

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FILE PHOTO

Prices and the supply of basic necessities in Zamboanga remained stable despite the panic buying observed in parts of the region, the Department of Trade and Industry said on Thursday.

Posted: September 12th, 2013 in Latest Business Stories | Read More »

Bailing out

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A few years ago, a businessman put up a dot-com firm thinking he would give the established players a run for their money. His thinking was that, if he hired the best in the industry, paid them top money and invested in the latest equipment, his dot-com would be a winner.

Posted: February 5th, 2013 in Headlines | Read More »

Puregold buys operator of Eunilaine, Grocer E marts

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Puregold-Price-Club-Logo

Businessman Lucio Co-led Puregold Price Club has gobbled up another retailing peer that operates the Eunilaine foodmarts and Grocer E supermarkets, adding 15 new stores to its fast-growing network.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

Inflation seen averaging 3.9%

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Customers buy vegetables in a Manila market in this file photo. Consumer prices rose at a faster pace in October due to the effects of Typhoon “Santi” on the country’s major agriculture producers, the Bangko Sentral ng Pilipinas said.  AFP FILE PHOTO

The increase in the prices of consumer goods in the Philippines is expected to remain stable for the remainder of the year and is seen to average 3.9 percent, according to the International Institute of Finance.

Posted: October 24th, 2012 in Latest Business Stories | Read More »

DTI probes ‘triggers’ of sharp sugar price hike

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DTI undersecretary Zeny Maglaya. INQUIRER FILE PHOTO

The Department of Trade and Industry is probing the possible triggers that may have caused the P6-per-kilogram spike in the prices of sugar in the retail market.

Posted: June 20th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Oil up in Asia as traders await US jobs report

Crude prices were up in Asia on Friday amid nervous trade ahead of a closely-watched US jobs report to be released later in the day, analysts said.

Posted: February 3rd, 2012 in Latest Business Stories | Read More »

Fuel, agri imports in second monthly decline

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The Philippines imported more petroleum, wheat and tobacco products amid the second straight monthly slowdown in imports in November 2011, according to the National Economic and Development Authority (Neda).

Posted: January 27th, 2012 in Editor's Pick,Headlines | Read More »

DoE to start review of books of oil companies

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The Department of Energy is finalizing the terms of reference that will be used to review the books of oil companies, Energy Secretary Jose Almendras said Friday.

Posted: January 27th, 2012 in Latest Business Stories | Read More »

Oil import bill up 27%

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Higher oil prices in the global market pushed up the country’s oil import bill by 27 percent to $9.43 billion in the first nine months of 2011 from $7.41 billion a year ago.

Posted: January 1st, 2012 in Headlines | Read More »

Consumer goods trader files extortion case vs Customs aide

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An international trader of consumer goods filed before the Office of the Ombudsman charges against an administrative aide at the Bureau of Customs for allegedly asking for as much as P200,000 in bribe to facilitate the release of shipments.

Posted: October 13th, 2011 in Latest Business Stories | Read More »

P&G out to double market share with P2.5-B expansion

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Cabuyao, Laguna—Procter & Gamble Philippines Inc. is undertaking a P2.5-billion expansion of its plant here to boost its capacity to produce popular diaper brand Pampers by up to 40 percent and double its market share in three years. In an interview with reporters, P&G Philippines president and general manager Siddik Tetik said the expansion would [...]

Posted: August 26th, 2011 in Headlines | Read More »

Cisco closing Flip business, cutting 550 jobs

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SAN FRANCISCO, California – US networking giant Cisco announced Tuesday it is shutting down its Flip video camera business, which it bought just two years ago for $590 million, and cutting 550 jobs. Cisco’s surprise decision to shut down the Flip unit was part of what the company said was a move to exit aspects [...]

Posted: April 13th, 2011 in Latest Business Stories | Read More »

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