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Petron sells special gas P3/liter cheaper

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By Myrna M. Velasco – In a move that will likely wipe out market gains of competitors, dominant oil player Petron Corporation introduced its special formulation fuel that sells at P3.00 per liter cheaper than regular gasoline.

RP’s 40 Richest hike worth to $22.8 billion — Forbes

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www.mb.com.ph The Philippines’ 40 richest are now worth US$22.8 billion, up 39 percent from $16.4 billion a year ago, according to the 2010 Forbes Asia Philippines Rich List.

Parts of Metro Manila experience three-hour brownouts

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By Carmela Lapeña – Daily brownouts lasting up to three hours in some parts of Metro Manila may be experienced in the next five days, energy officials said Monday.

Keep your coins out of the piggy bank, BSP pleads

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Feeding a piggy bank with loose change may have been considered a Filipino’s practical way to save, but the Bangko Sentral ng Pilipinas said this old-age practice may not be doing the overall economy any good.

‘Toyota cars in Philippines different from those in US’

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In an effort to calm customer concerns over recent safety recalls, an official of Toyota Motor Philippines Corp. (TMP) assured its Filipino buyers that their cars are not manufactured in Europe and in the United States.

Korean firm to invest $300M for Central Luzon ethanol plant

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By Jennifer A. Ng – A Korean company is set to invest $300 million to construct an ethanol plant capable of producing 150 million liters of ethanol in Clark, Pampanga, an official of the Philippine Agricultural Development and Commercial Corp. (PADCC).