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PTT sets $2B diversification, expansion plan

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PTT

Oil firm PTT Philippines Corp. is embarking on a venture that would diversify its operations to include power generation and the expansion of its parent firms’ global liquefied natural gas (LNG) footprint.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Phoenix raises $2B from debt issue

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phoenix-petroleum

Phoenix Petroleum Philippines, Inc., the country’s leading independent oil company, has completed a $2-billion issuance of short-term commercial papers to bankroll expansion plans.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Slower September inflation to boost 2nd half GDP, says DOF

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Bangko Sentral ng Pilipinas.  INQUIRER.net file photo

The lower inflation rate posted in September augurs well for the economy, which needs to expand faster in the second half in order to reach the 6.5-7.5 percent growth target for 2014, according to the Department of Finance’s chief economist.

Posted: October 9th, 2014 in Latest Business Stories | Read More »

Inflation slowed down to 4.4% in September

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Liquefied petroleum gas. AFP FILE PHOTO

The rate of consumer price increases slowed down in September on the back of tempered increases in the prices of basic goods and utilities, official data released on Wednesday showed.

Posted: October 9th, 2014 in Headlines | Read More »

Oil prices to be cut Tuesday

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AP FILE PHOTO

Oil firms are cutting prices of fuel products for the second straight week as global supply remains stable.

Posted: October 6th, 2014 in Latest Business Stories | Read More »

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