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Tuesday, April 03, 2007 |
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All-time low for
91-day debt issue |
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By Angelo S. Samonte, Reporter
Strong demand for short-term
government securities has prompted the government to increase its
total volume issued to accommodate investor appetite during
Monday’s auction.
Average interest rate for the
91-day T-bills dipped to an all-time low of 2.860 percent, 13.8
basis points less than the previous rate of 2.998 percent two weeks
ago.
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S.Korea, US reach
free-trade agreement after 10 mos., rice excluded
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With just hours to go, the United
States and South Korea on Monday reached a free-trade agreement that
scraps tariffs on a huge range of items but excludes rice, as Seoul
had demanded.
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Floor price set
for Al-Amanah
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The Department of Finance has set
a P900-million floor price for the asset disposal of Al-Amanah
Islamic Investment Bank of the Philippines.
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Credit expansion
to boost GDP–UBS
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Credit expansion could improve
the growth of the Philippines’ gross domestic product this year,
according to the latest Asian Economic Monitor report of UBS.
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Japan aid to
increase yield of poor farmers
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The Japanese government extends a
hand to Filipino farmers living below the poverty line through a
loan grant intended to boost yields from their produce.
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IPVG to sell more
shares to set up call center here
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Listed company information
technology company IPVG Corp. announced it would be selling
additional shares.
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Local sea travel
slows on ro-ro, high fare
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The number of passengers
traveling by sea dropped last year owing to higher fare and the
preference of travelers to use budget airlines and roll-on roll-off
(ro-ro) vessels, the Philippine Ports Authority reported.
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TA Oil net income
soars in Dec. after acquisition
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The net income of Trans-Asia Oil
and Energy Development Corp. (TA Oil), a unit of the Phinma group,
jumped three-fold last year compared to the previous one mainly due
to the acquisition of CIP II Power Corp....
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BIZZFIZZ
By Rene Martel
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Philippines held
hostage on global TV
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FOR several hours on Thursday
last week the Philippines unwittingly held center stage on the
global village—but it was publicity that the nation could have
done well without.
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