For complete list of INQUIRER.net RSS Feed visit http://services.inquirer.net/rss/rss.php http://services.inquirer.net/rss/money_topstories.xml 2009-11-07T17:05:16+08:00 text/html http://business.inquirer.net/money/topstories/view/20091106-234693/Public-sector-deficit-sharply-higher-in-Q1 GOVERNMENT SPENDING beyond the budget caused the public sector to incur a consolidated deficit of P47.3 billion in the first quarter, according to Finance Secretary Margarito B. Teves. text/html http://business.inquirer.net/money/topstories/view/20091106-234692/Power-co-ops-receive-loans-from-NEA-worth-P908M THE STATE-RUN NATIONAL ELECTRIFICATION Administration has facilitated the release of P908 million in loans to 48 electric cooperatives in the first nine months of the year, through its Enhanced Lending Program, the agency said recently. text/html http://business.inquirer.net/money/topstories/view/20091106-234691/PNOC-RC-to-invest-in-11-hydropower-projects PNOC-RENEWABLES CORP. plans to invest as much as P25.9 billion for 11 hydropower projects in Luzon and the Visayas, after the Department of Energy granted service contracts to the state-run firm. text/html http://business.inquirer.net/money/topstories/view/20091106-234690/PLDT-sells-satellite-unit PHILIPPINE LONG DISTANCE TELEPHONE Corp. is selling its communications satellite subsidiary Mabuhay Satellite Corp. (MSC) to Bermuda-based regional satellite operator Asia Broadcast Holdings Ltd. text/html http://business.inquirer.net/money/topstories/view/20091106-234689/Metro-Pacific-to-issue-P12B-in-9-year-debt-notes METRO PACIFIC INVESTMENTS CORP. is raising P12 billion from the sale of nine-year debt notes to fund its acquisition from the Lopez family of additional shares in Manila Electric Co. text/html http://business.inquirer.net/money/topstories/view/20091106-234688/Globe-net-profit-up-to-P99B GLOBE TELECOM reported Friday a 12-percent growth in nine-month net profit to P9.9 billion on the back of a modest growth in service revenues from mobile, fixed line and broadband businesses. text/html http://business.inquirer.net/money/topstories/view/20091106-234687/Filinvest-Land-hopes-to-raise-P5B-from-retail-bonds FILINVEST LAND INC. of the Gotianun group on Monday will start offering three- and five-year retail bonds worth up to P5 billion, hoping to take advantage of ample domestic liquidity to boost funds for capital spending. text/html http://business.inquirer.net/money/topstories/view/20091106-234686/China-Bank-profit-surges CHINA BANKING Corp. posted a net profit of P3.21 billion in the first nine months, up 40.7 percent from a year ago, on double-digit expansion in interest earnings and income from treasury dealings and sale of foreclosed assets. text/html http://business.inquirer.net/money/topstories/view/20091106-234685/Sugar-leaders-urge-SRA-to-prevent-price-slump Sugar industry leaders on Thursday urged the Sugar Regulatory Administration (SRA) to convert 10 percent of the country’s sugar into “C,” or reserve, supply to prevent a plunge in prices. text/html http://business.inquirer.net/money/topstories/view/20091106-234684/US-remittance-firm-seeks-more-RP-partners MONEYGRAM INTERNATIONAL INC., one of the biggest money transfer firms in the world, is set to tie up with more banks in the Philippines to expand its local operations and become accessible to more Filipino households supported by remittances. text/html http://business.inquirer.net/money/topstories/view/20091106-234683/Coco-oil-exports-up-on-strong-US-demand PHILIPPINE COCONUT OIL EXPORTS for the month of October exceeded last year’s volume by 42.97 percent, according to preliminary data from the United Coconut Associations of the Philippines (UCAP). text/html http://business.inquirer.net/money/topstories/view/20091106-234682/Forex-reserves-hit-all-time-high-of-432B The country has become more liquid to meet its foreign currency-denominated requirements such as imports and maturing debts as its gross international reserves hit a new historic high of $43.2 billion in October.