The Manila Times

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Independent oil player Eastern Petroleum Corp. is looking to open more oil terminals depending on the investment atmosphere in the country. This after the company announced that it is set to open its P1-billion oil terminal in Mindanao in mid-2014. Eastern Petroleum Chief Executive Officer Fernando Martinez said that the…

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First Philippine Holdings Corp. (FPH), a member of the Lopez Group of Companies, has started to buy back all of its preferred shares totaling P6.3 billion a month after getting a P5-billion loan from SM Group’s BDO Unibank Inc. A disclosure to the Philippine Stock Exchange on Thursday showed that…

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DHAKA: Bangladesh’s textile industry reopened for business on Thursday following an eight-day shutdown triggered by the collapse of a factory compound that killed at least 429 people, an industry body said. Millions of staff began returning to workplaces around the capital Dhaka which make clothing for top Western retailers such…

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By James Konstantin Galvez Reporter The inter-agency mining body expects to submit by June this year a bill seeking a 10-percent share in mining projects’ gross revenue, the Department of Environment and Natural Resources (DENR) said on Thursday. In a media briefing, Environment Secretary Ramon Paje said that the Mining…

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The Bureau of Internal Revenue (BIR) has filed tax-evasion charges with the Department of Justice against a medical doctor and a realty company, it said in a statement released on Thursday. The bureau said that Dr. Potenciano Larrazabal 3rd allegedly attempted to evade, or defeat tax payment by failing to…

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LONDON: Global energy giant Shell on Thursday said in a surprise announcement that Chief Executive Officer (CEO) Peter Voser will retire next year, as it also posted falling first-quarter net profits on the back of lower crude oil prices. “The board of Royal Dutch Shell plc today [Thursday] announced that…

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By Jefferson Antiporda Reporter After dropping to No. 4 in the Pulse Asia survey, reelectionist Sen. Alan Peter Cayetano has apparently turned desperate in his bid to grab the top spot even at the expense of his fellow Team PNoy candidates who have consistently dominated the polls. A well-placed source…

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The Philippine Embassy in Washington, D.C., is set to hold another investment roadshow next year to attract more American and Filipino-American investors, the Department of Foreign Affairs said on Thursday. The success of the 2nd Philippine Investment Roadshow held April 22 to 26 in Los Angeles, Chicago and Boston prompted…

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GOVERNMENT security forces on Thursday prevailed in two separate encounters with the communist New People’s Army (NPA) inflicting an undetermined number of casualties on the rebel side and the capture of two others. The first encounter took place on Thursday in the forested area of Barangay Siuton, Magallanes, Sorsogon between…

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BY padding P13,000 on cash vouchers, a former chairman of a government-owned and-controlled corporation was slapped a maximum of six years in jail—at the end of a trial that lasted 12 years. In an 18-page decision of the Sandiganbayan Third Division, the antigraft court magistrates ordered Raul Montemayor, former chairman…