MANILA — Developments in the Eurozone, particularly in Greece, stoked the strength of Philippine peso against the US dollar on Wednesday, but slightly dampened the performance of local stocks.

MANILA — Finance Secretary Cesar Purisima sees the current strength of the Philippine peso against the US dollar will continue mainly due to strong domestic fundamentals.

MANILA — The Bureau of Customs has seized P25 million worth of imported motorcycles and other goods after they were found to be misdeclared during scanning by the bureau's x-ray machines.

MANILA — The Energy Regulatory Commission (ERC), has directed distribution utilities (DUs) in Luzon and Visayas to complete within 30 days from receipt of the directive the installation of the Time-of-Use (TOU) meters for qualified contestable electricity customers under the first phase of implementation of open access and retail competition (OARC).

MANILA — Government-owned Bases Conversion and Development Authority (BCDA) turned over a total of P2.64 billion as dividends to the national government in 2011 from the asset disposition proceeds.

MANILA — Mining investors on Wednesday said they expect Malacanang to provide consistent government policy and honor for mining contracts, saying that doing so would generate significant investors’ confidence not just for mining but to other industries as well.

MANILA — The group of Philippine Long Distance Telephone Co. (PLDT) expects to significantly enhance the reliability and quality of their services once the network modernization program completed by June this year.

MANILA — The Power Sector Assets and Liabilities Management Corporation (PSALM) is looking for suppliers of imported coal for the Naga Power Plant Complex located in Naga, Cebu Province.

OLONGAPO CITY — The city government here has mounted three solar light panels at the ridge of Rizal Triangle’s roofs as part of its various projects in developing clean and renewable energy.

JAKARTA — Indonesia, with a strong economic growth of 6.5 percent in 2011, has cut its growth expectations for 2012, amid fears that the global economic downturn will bite into the exports of the largest economy in Southeast Asia.

MANILA — Listed online technology firm on Wednesday reported a net income of P914 million last year, up by 45 percent compared to 2010.

COTABATO CITY — The Philippines will formally endorse the proposed Memorandum of Understanding on Non-Conventional Sized Ships (NCSS) when the Sea Linkages Working Group of the Brunei Darussalam-Indonesia-Malaysia-Philippines - East ASEAN Growth Area (BIMP-EAGA) meets next month, Mindanao Development Authority (MinDA) chair Luwalhati Antonino said Wednesday.

CEBU CITY — Mayor Peter Carlisle of Honolulu, Hawaii said the possibility for their city and county, as well as their businessmen, to invest in Cebu City is “a great idea.”

MANILA — House lead prosecutor Rep. Niel Tupas Jr. on Wednesday denied that he is

allows leftist leaders linked to massacre case to post bail