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Money / Top Stories
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Gov’t to bid out prime property in Japan
by Michelle Remo

MANILA, Philippines -- The Department of Finance will bid out on March 4 a 50-year lease on a piece of Philippine government property in the Fujimi district in Tokyo, Japan.

FULL STORY

Gov’t reaching out to OFWs
by Doris Dumlao

MANILA, Philippines -- Overseas Filipinos workers (OFWs) may get to learn a thing or two about investments when the government embarks on a series of roadshows in Hong Kong and Dubai specifically to inform Filipino workers there of the financial opportunities that are within their reach.

FULL STORY

Stock exchange marks its worst close in 4.5 months
by Elizabeth Sanchez-Lacson

MANILA, Philippines -- Stocks continued to bleed for the fourth straight day to their lowest levels in 4.5 months as the market reflected heavy selling in other Asian bourses late Wednesday, analysts said.

FULL STORY


GSIS still keen on FTI land
by Michelle Remo

MANILA, Philippines -- The Government Service Insurance System (GSIS) has reiterated its interest in buying the 100-hectare property in Taguig City of Food Terminals Inc. (FTI), claiming no one else would be willing to beat its offer of P7 billion for the asset.

FULL STORY

Government debt down at P3.798 trillion in Oct

MANILA, Philippines -- The outstanding debt of the national government amounted to P3.798 trillion in October, down 0.9 percent from P3.832 trillion in September and 3.0 percent from P3.914 trillion in October 2006 because of the strengthening of the peso and payment of matured debts, the Bureau of the Treasury said.

FULL STORY

PNOC-AFC, Petron finalizing biodiesel offtake contract
by Abigail L. Ho

MANILA, Philippines -- PNOC Alternative Fuels Corp., a unit of state-owned Philippine National Oil Co., said it was finalizing an offtake agreement with oil firm Petron Corp. for the bulk of the jatropha-based biodiesel that PNOC-AFC will produce starting next year.

FULL STORY


BPO firms eye bigger share of finance, accounting services
by Ronnel Domingo

MANILA, Philippines -- The Philippine business process outsourcing (BPO) sector wants to get a bigger share of the lucrative services market, particularly in finance and accounting, officials said Thursday.~

FULL STORY
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