Business
Amid controversy, PSBank reports bond sale demand
Philippine Savings Bank, in the news for rebuffing impeachment court demands for Chief Justice Renato Corona's alleged dollar accounts, said it sold P3 billion of bonds and that there was P6 billion of demand for them.Full article
Top Stories
PNoy pilots virtual A380 at Lufthansa hangar inauguration
As of 02/12/2012 3:37 PM
MANILA, Philippines -- President Benigno Aquino III piloted a make-believe Airbus A380 during the inauguration of Lufthansa Technik Philippines’s (LTP) maintenance hangar, throwing the wooden throttle of the giant airplane into full power, and taking to the skies to tour a virtual world projected on a giant screen. Full article
Abrupt shocks could affect inflation - NEDA
As of 02/12/2012 3:22 PM
MANILA, Philippines -- The National Economic and Development Authority (NEDA) has warned that inflation could still be affected by abrupt shocks from rising oil and food prices as well as higher wages. Full article
Globe seals network support deal with global telco giants
As of 02/12/2012 2:32 PM
Globe sealed a deal with 2 of the world’s leading network support providers for the implementation of its biggest telecom infrastructure rollout to date. The program includes all-IP infrastructure, pervasive 3G coverage, double fiber optics capacity, 4G, LTE readiness and overall quality and resiliency. Full article
First Metro, BPI Odyssey say stocks will resume advance
As of 02/11/2012 1:08 AM
Warren de Guzman reports First Metro's Jojo Dispo and Gus Cosio and BPI Odyssey Funds' Smith Chua expect stocks to resume their advance after a choppy week. - Business Nightly, ANC, January 1, 2012 Full article
BDO Capital president says deals are brewing, funding available
As of 02/10/2012 10:06 PM
BDO Capital President Ed Francisco told ANC's Coco Alcuaz mergers and acquisitions, IPO and other deals are brewing and funding readily available. Francisco, also president of the Management Association of the Philippines, said the business community may be divided between the two sides in the trial of Chief Justice Renato Corona but are united in wanting a quick, generally-accepted resolution, in part to highlight the Philippines as an investment destination when the ADB holds its annual conference in Manila in April. Full article
Purisima says SEC move to revoke Prudentialife's license 'wise'
As of 02/10/2012 7:41 PM
MANILA, Philippines - Finance Secretary Cesar Purisima took to task pre-need companies and insurers that promised planholders high returns, but failed to deliver due to flawed investment decisions. Full article
Profiles
PSBank's Garcia is 'seasoned,' 'won't play games,' fellow bankers say
MANILA, Philippines - Philippine Savings Bank President Pascual "Tito" Garcia surprised some when he took the stand at the trial of Chief Justice Renato Corona, instead of the Katipunan Avenue branch manager most were expecting. He didn't surprise some fellow bankers.
Business Specials
What caused Prudentialife Plans' financial problems
Prudentialife Plans Inc.'s proposed rehabilitation plan, which involves focusing on life plans and a spin-off of its education and pension plan business, also offers a peek into what caused the company's financial problems.