Business

The Department of Energy (DOE) yesterday said fuel supply in Metro Manila has normalized, after the pipeline that delivers fuel from Batangas to the Pandacan depot in Manila resumed operations last July 24.

An activist group is urging the government to suspend the planned sale of all the remaining assets of the National Power Corp., pending a comprehensive review of the Electric Power Industry Reform Act (EPIRA).

The peso strengthened further Thursday against the US dollar, benefiting from the generally anemic appetite of investors for the greenback.

Energy Development Corp., the country’s biggest producer of geothermal energy, is eyeing to invest some $1 billion over the next five years to put up greenfield power plants.

The Department of Energy assured the public on Thursday that fuel supply has already normalized in Metro Manila already normalized, after the pipeline delivering fuel from Batangas to the Pandacan depot in Manila resumed operations last Saturday.

The Metro Rail Transit’s (MRT) half-a-million passengers a day will have to bear the burden of a hike in ticket prices soon as the new administration finds ways to keep expenses in check.

First Metro Investment Corp., the investment banking arm of the Metrobank group, grew its first semester net profit by 60 percent to P888.7 million year-on-year on robust corporate finance, treasury and investment advisory businesses.

The Bureau of Internal Revenue today filed a tax complaint against officials of DSM Construction and Development Corporation (DSM) for failure to supply correct information in their income tax return and for their tax deficiency worth over P52 million.

Stocks edged lower on Thursday as fresh concerns on the U.S. economy rekindled global risk aversion.

SINGAPORE – Oil prices were mixed in range-bound Asian trade Thursday, with sentiment weighed down by slower energy demand in the United States and weaker Asian stock markets.

NEW YORK—The US stock market swung lower Wednesday after a Federal Reserve report signaling a slowing economic recovery and news that orders for big-ticket items sank in June prompted consolidation of recent gains.

LOS ANGELES—California Governor Arnold Schwarzenegger declared a fiscal state of emergency Wednesday, requiring most state employees to take three days of unpaid leave per month until a new budget is enacted.

Share prices at the Philippine Stock Exchange closed slightly lower Friday as investors' sentiments were dampened by the weakness in the major bourses abroad and short-term profit takers.

Share prices at the Philippine Stock Exchange closed slightly lower Friday as investors' sentiments were dampened by the weakness in the major bourses abroad and short-term profit takers.

Share prices at the Philippine Stock Exchange closed slightly lower Friday as investors' sentiments were dampened by the weakness in the major bourses abroad and short-term profit takers.

SINGAPORE - Oil prices fell to near $78 a barrel Friday in Asia as the region's stock markets dropped on dour economic figures from Japan ahead of a key US growth report.

NEW YORK—Oil prices fell on Wednesday after a huge unexpected jump in crude stockpiles in the United States added to nerves caused by fading consumer confidence.

NEW YORK - The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and technology companies.

Stocks ended an erratic day with a modest loss Thursday as investors tried to reconcile another batch of conflicting economic signals.

The Sugar Regulatory Administration will hold a tender offer for the importation of 100,000 metric tons of sugar Friday to ensure sufficient supply in the local market, the agency's administrator said Thursday.