Recent Posts

8990 books solid 74% profit growth to P1.02B

Mass-housing proponent 8990 Holdings Inc. booked a 74-percent increase in net income for the third quarter to P1.02 billion from P589 million a year ago on the back of a sustained 60-percent gross and a 45-percent net margin for the past three quarters. 8990 is traded in the PSE under the ticker name House.

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Obama in New Delhi to mend strained U.S.-India ties

New Delhi—President Barack Obama was greeted in India Sunday with an elaborate welcome at the country’s sprawling presidential palace, then he solemnly laid a wreath at a memorial honoring the father of India’s independence movement, Mahatma Gandhi.

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PHL handicapped as Asean bloc starts

Riza Lozada (First of two parts) Overshadowed by the papal visit was the “birth” of the Association of Southeast Asian Nations (Asean) economic community, a bloc envisioned to be similar to the European Union, and which Philippines officials hope to put the country in equal footing with its neighbors in the association.

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Underspending remains a growth dampener—WB

Luis Leoncio Underspending in the government remains a spoiler to the Philippines’s economic growth momentum, according to the Philippines Economic Update that the World Bank (WB) released recently as the multilateral lender slashed growth projections this year to 6.5 percent from the previous 6.7 percent.

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Belgium acts vs terror

BRUSSELS — With Europe on edge, soldiers fanned out to guard possible terror targets in Belgium Saturday while police in Greece detained at least two suspects as part of a widening counterterrorism dragnet across the continent.

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Obama eyes tax hikes

WASHINGTON—President Barack Obama will call for increasing taxes on the wealthiest Americans then using the revenue to fund new tax credits and other cost-saving measures for the middle class in his first address before a Republican-led Congress.

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