February 10, 2012 8:16pm
Gross foreign direct investments (FDIs) from January to November reached $1.198 billion, according to the Bangko Sentral ng Pilipinas (BSP) Friday. Foreign firms already operating in the country expressed their confidence in the economy by reinvesting $404 million.
VICTOR D. SOLLORANO, GMA News February 10, 2012 4:31pm
Philippine shares closed mostly a bit higher in cautious trading Friday, as investors adopted a wait-and-see attitude over how institutional players will react to the newly clinched debt-reduction deal between Greece and its creditors.
February 10, 2012 3:41pm
The Department of Agriculture on Friday awarded various local government units, irrigators’ associations and agricultural extension workers P100 million under the 2011 Agri-Pinoy Rice Achievers’ Awards.
February 10, 2012 1:17pm
The National Statistics Office reported Friday that Philippine export receipts dropped 20.7 percent in December, dragging the full-year figures down by 6.9 percent. While it did not cite any reason for the decline, it is generally perceived that global demand has waned over the lingering economic slowdown in the US and the euro debt crisis.
February 10, 2012 12:34pm
TOKYO — Struggling Japanese entertainment giant Sony will not abandon its cash-bleeding television business, its incoming CEO says, but he acknowledges tough decisions lie ahead including over redundancies.
CHIKAKO MOGI, Reuters February 10, 2012 12:21pm
TOKYO — The euro and shares pulled back on Friday as investors remained concerned about prospects of restructuring Greece's debt and global lenders demanded more steps even after it struck a long-awaited deal on fiscal reforms.
February 10, 2012 12:11pm
SINGAPORE — Oil prices were lower in Asian trade Friday as a bailout deal for debt-strapped Greece was once again put off, analysts said.
February 10, 2012 8:31am
British experts have a "very positive" outlook of the Philippines' business process outsourcing (BPO) industry, the Department of Foreign Affairs said.
February 10, 2012 7:25am
Stocks rose modestly for a third straight day on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains.
February 10, 2012 7:21am
The euro hit a two-month high against the dollar on Thursday after Greece agreed to an austerity package in exchange for new funds, but questions about whether the deal will be enough to avoid a messy default curbed stocks' gains.
