GMA News Online Economy

A purportedly P150 banknote commemorating Jose Rizal's 150th anniversary circulating on the Internet prompted the Bangko Sentral to warn consumers and netizens that no such denomination will ever be printed and circulated.

State-owned PSALM is to blame for the power sector's nearly P1 trillion in debts, the Freedom from Debt coalition claimed Thursday, noting that a vicious cycle of trying to pay for those liabilities is keeping electricity rates in the country higher. 

DUBAI — Etihad Airways, the fast-growing carrier of Abu Dhabi, on Thursday posted a net profit of $14 million for 2011, exceeding its goal of breaking even for the first time ever, a statement said.

Filipino-Chinese businessmen should capitalize on opportunities government is working out in tourism, agriculture and infrastructure, and help create jobs and stimulate the economy, President Aquino said Thursday. 

Farm infrastructure and agriculture produce were damaged to the tune of P123 million during the earthquake and succeeding aftershocks that rocked the Visasyas on Feb. 6, the Department of Agriculture said Thursday.