Consumers try out iPhones on display at an Apple store in Beijing on Tuesday. China's giant sovereign wealth fund has disclosed that it owns stakes totaling $9.6 billion in major US firms including Coca-Cola, Apple and Goodyear following a buying spree last year. AP

Gov't gets to seize Shell imports in P7.3-B tax row

02/09/2010 | 06:27 PM

Pilipinas Shell Petroleum Corp. failed to get an injunction from the Court of Tax Appeals, which on Monday effectively allowed the state to seize the oil firm's import shipments to pay for P7.34 in alleged back taxes. The oil firm said the ruling would have consequences on the country's fuel supply.

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Competition leads to diversified outsourcing services

Increasing globalization of the outsourcing sector — with more and more countries jumping on the bandwagon — has forced industry leaders to diversify their offerings, a global survey conducted by PricewaterhouseCoopers (PwC) last year showed. Read more

Fishers draw up commitments for Coral Triangle sustainability

Representatives of fishing firms operating in the Coral Triangle on Wednesday outlined measures to reduce the impact of their businesses on the world's most important marine region. Read more

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Pilipinas Shell, Customs fail to resolve tax row
02/09/2010 | 10:52 AM
Efforts to resolve the multibillion tax row between Pilipinas Shell Petroleum Corp. and the Bureau of Customs failed yesterday, with both parties refusing to compromise. More

Tariff body presses JG Summit over naphtha cracker proposal
02/09/2010 | 10:46 AM
Plans of JG Summit Petrochemical Corp. to put up a long-delayed raw material facility will be subject to government inspections amid a review of the company's tariff protection. More

Update pressed for list of protected car parts
02/09/2010 | 10:41 AM
A petition from car parts makers to revise a list of products that enjoy protection was heard yesterday, kicking off a process that may eventually lead to an updated Malacañang order. More

Gov't starts tariff review
02/09/2010 | 10:24 AM
The Tariff Commission on Monday said it would take into account local production, employment and state revenues in deciding which tariffs to change in the new listing for 2011 to 2015. More

Duty-free cement, wheat imports OK'd
02/09/2010 | 09:59 AM
President Gloria Macapagal-Arroyo has approved a proposal to extend duty-free imports of wheat and cement to stabilize prices, a Cabinet official said on Monday. More

Businessmen admit Arroyo gains, but say more need to be done
02/09/2010 | 09:49 AM
Claims that the Arroyo administration had contributed a lot to the country's economic development were presented on Monday to businessmen, who generally agreed that gains had been made while... More

BPO industry eyes faster sales growth this year
02/09/2010 | 09:25 AM
The business process outsourcing sector (BPO) expects sales to grow by a quarter to $9 billion this year as the industry rides the wave of a general economic recovery. Revenues of $7.2 billion last... More

Dow closes below 10,000 for first time in 3 months
02/09/2010 | 07:32 AM
The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe. More

Experts offer solutions to RP's rice problem
02/08/2010 | 06:21 PM
The government should consider removing quantitative restrictions on rice and do away with state monopoly over imports so it can collect more taxes that it can give away to the poor, an economist... More

Remittance growth to remain at a single digit — paper
02/08/2010 | 06:01 PM
First Metro Investments Corp. and the University of Asia and the Pacific (UA&P) expect money sent home by Filipinos abroad to grow by 6-8 percent this year amid a slow global economic recovery. More

Gov't allows short-term T-bill rates to go up
02/08/2010 | 05:34 PM
The Treasury bureau sold P8.5 billion worth of Treasury bills at Monday's auction on the back of strong investor demand for short-term government debt instruments. More

Nadecor seeks arbitration in dispute with Benguet over Kingking
02/08/2010 | 05:06 PM
Nationwide Development Corp. (Nadecor), the estranged partner of listed miner Benguet Corp., wants to settle their dispute over the Kingking copper-gold mine in Compostela Valley via an arbitration... More

PNB doubles profits to P2.2B
02/08/2010 | 03:55 PM
Lucio Tan-led Philippine National Bank (PNB) doubled its net income last year to P2.2 billion due to lending gains, better asset quality and improved operations. More

Metro Pacific, Piltel to form holding firm for Meralco shares
02/08/2010 | 03:34 PM
Metro Pacific Investments Corporation (MPIC) and Pilipino Telephone Corp. (Piltel) are in talks to form a company that will hold their combined shareholdings in Manila Electric Co. (Meralco). More

RP stock index continues drop due to bad news abroad
02/08/2010 | 02:09 PM
Local share prices continued their slide on Monday, largely overpowered by bad news abroad as investors contended with another series of troubling signals about the global economy. More

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Noynoy: Hacienda Luisita distributed to farmers by 2014

2010-02-09 16:10:35

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‘Slain’ JI leader Dulmatin still alive - Marine chief

2010-02-09 16:13:22

Dulmatin, a senior leader of the terrorist group Jemaah Islamiyah who the military claimed to...

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2010-02-08 12:42:41

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Showbiz Central: New Jolina Magdangal unveiled

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Lacson camp sees Villar's hand in harassment

01:34 AM 02/08/2010

Lacson camp accuses Villar and Malacañang of conspiracy over Dacer-Corbito murder case

08:34 AM 02/08/2010

Arrested health workers in Rizal not NPA rebels, relatives say

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