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Megaworld secures deal to help develop JUSMAG
Activists claiming that climate financing through the World Bank and Asian Development Bank would put developing countries into a quagmire demonstrate outside the ADB in Pasig City where a Climate Investment Funds Partnership Forum is being held on Friday. AP

Megaworld secures deal to help develop JUSMAG

Megaworld Corp. was chosen as the government’s joint venture partner to develop the Joint United States Military Advisory Group (JUSMAG) property in Fort Bonifacio, Taguig City, the company said on Thursday.
BusinessWorld
Agriculture dep’t pins hopes on high-yield rice varieties
The government targets to plant high-yielding hybrid rice varieties in as many as 250,000 hectares of irrigated land this year — much of it in Central Luzon — confident that these will escape the worst effects of the ongoing dry spell. Read more
Study counts cost of workers’ remittances
Money sent home by Filipino workers abroad has been a boon for the economy, but has also had a negative indirect impact on manufacturing and exports, a study by an economist from the University of the Philippines (UP) showed. Read more
Nissan to make electric vehicle in UK from 2013
03/18/2010 | 03:56 PM
TOKYO — Nissan Motor Co. said it would produce its electric vehicle, the Leaf, in England starting early 2013. More
Food prices to remain stable despite drought
03/18/2010 | 03:34 PM
Prices of prime commodities such as rice, chicken and fish would likely remain stable in the second quarter, with ample supply despite an El Niño-induced drought, the Agriculture department... More
RP stock index tracks Wall Street, posts slight gain
03/18/2010 | 01:17 PM
Local share prices slightly went up in thin trade on Thursday, pulled up by Wall Street’s overnight rally due to pledges of lower interest rates from US banks. More
Oil falls to near $82 after 2-day rally
03/18/2010 | 12:57 PM
SINGAPORE — Oil prices fell toward $82 a barrel Thursday in Asia, paring two days of gains that were fueled by signs US crude demand may be improving. More
Chowking may expand in the US and Middle East
03/18/2010 | 10:54 AM
Chowking Food Corp., a unit of listed food giant Jollibee Foods Corp., may put up more stores here and abroad. More
Japan electronics firm investing P13B
03/18/2010 | 10:44 AM
Japan-based electronics firm Nidec Corp. plans to infuse P13 billion in additional investments into the country this year, a move that government officials said would generate thousands of jobs. More
BIR likely to exceed P157-billion Q1 collection target
03/18/2010 | 10:29 AM
The Bureau of Internal Revenue (BIR) expects to exceed its March collection target, as well as its goal this quarter, its chief told reporters in a briefing on Wednesday. More
Ayala, Metro Pacific, First Gen Northern team up for Angat bid
03/18/2010 | 10:11 AM
Three of the country’s biggest business names have joined together to bid for the last major state hydropower plant up for sale. More
Henry Sy’s son buys into National Grid
03/18/2010 | 10:04 AM
Onetaipan Holdings, controlled by the son of mall tycoon Henry Sy, on Wednesday said it would pay about $350 million to buy a 30-percent interest in the National Grid Corporation of the Philippines. More
Gov’t can’t sell big-ticket properties this quarter
03/18/2010 | 09:34 AM
The sale of three state assets — estimated to add P30 billion to the effort to trim this year’s budget shortfall — has been pushed back to the second quarter. Last year’s failure to sell... More
US stocks climb after Fed pledges to hold rates low
03/18/2010 | 07:22 AM
The stock market has a new formula for success: a slow and steady trek higher. More
RP posts $125 million BOP deficit
03/17/2010 | 05:34 PM
The country posted a balance of payments (BOP) deficit of $125 million last February as the national government settled its maturing foreign obligations amounting to about $1.4 billion, the Bangko... More
RP stocks barely move in sluggish trade
03/17/2010 | 12:58 PM
Despite good news from the US Federal Reserve that revved up Wall Street, the local bourse barely moved Wednesday. More
Harbour Centre faces challenger for Subic port
03/17/2010 | 11:43 AM
Listed port operator Asian Terminals, Inc. has expressed interest in bidding for an exclusive Subic port concession, an official of the Subic Bay Metropolitan Authority (SBMA) yesterday said. More
Foreigners allowed to join gaming sector
03/17/2010 | 11:24 AM
A directive allowing the entry of foreign investors into the local gaming sector has been issued by Malacañang. More
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Tyler Summitt wants to follow mom into coaching
2010-03-18 12:52:19
KNOXVILLE, Tenn. — Tyler Summitt spent his entire childhood around gyms — no surprise he...
Viacom, YouTube air dirty laundry in legal tiff
2010-03-19 07:27:57
Viacom Inc. and Google Inc.'s YouTube site began airing each other's dirty laundry...
Sandra Bullock backs out of premiere for personal reasons
2010-03-18 19:55:02
NEW YORK – Sandra Bullock has canceled her appearance at the London premiere of "The Blind Side"...
Sleeping man shocked after cold man jumps into bed
2010-03-18 15:21:21
PITTSBURGH – Police said a man broke into a Pittsburgh home and climbed into bed with its owner,...