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Wednesday, April 04, 2007 |
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Govt shortlists five
firms for Iloilo airport |
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By Angelo S. Samonte, Reporter
FIVE of the country’s top
property developers have been prequalified to participate in the
bidding for the government’s 54-hectare airport property in Iloilo
City, the Department of Finance (DOF) said on Tuesday.
The five include Ayala Land Inc.,
Empire East Holdings Inc., Robinsons Land Corp., Rock-well Land
Corp. and SM Prime Holdings Inc. The auction is set for April 24.
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BSP hints of rise
in interest rates to prevent market distortions
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THE Bangko Sentral ng Pilipinas (BSP)
may tweak its monetary policy to avoid conditions of prolonged
negative real interest rates.
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Elections seen as
key risk for RP economic growth
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THE upcoming midterm election
poses a key risk to the Philippine economy this year, according to
Singapore-based United Overseas Bank (UOB).
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Inventory losses
cut Petron’s net income
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PETRON Corp. said its earnings
last year fell slightly due to inventory losses arising from a drop
in petroleum prices.
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American firm to
put up new Subic park
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AN American company is set to
develop an amusement park at the Subic Bay Freeport, the Subic Bay
Metropolitan Authority (SBMA) said Tuesday.
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DOE bats for money
in renewable energy
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THE Department of Energy (DOE)
has called on the private sector to tap the country’s renewable
energy sources in order to mitigate dependence on imported fuel as
well as avert future power backlogs.
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Megaworld profit
jumps on sales, rental income
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MEGAWORLD Corp. announced on
Tuesday that its earnings last year jumped by three quarters on the
back of what the company said is a more sustainable pick-up in the
property sector.
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Cebu Pacific
launches simulator
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CEBU Pacific, the airline unit of
JG Summit Holdings Inc., inaugurated on Tuesday the first aircraft
full-flight simulator at Clark Aviation to be used in training
future pilots to man the carrier’s new fleet of Airbus A320
aircraft.
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TA Oil entertains
exploration proposals
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TRANS-ASIA Oil and Energy
Development Corp. (TA Oil), a unit of the Phinma group of companies,
has received proposals to invest in oil exploration activities in
Africa.
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Universal Robina
buys water supplier for new bottling unit
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UNIVERSAL Robina Corp. (URC)
announced on Tuesday that it bought shares of a company that would
provide its water source and manufacturing site for its recent
acquisition, Nestlé Waters Philippines Inc.
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Asia United Bank
reports close to a billion-peso profit
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ASIA United Bank (AUB) said its
profits rose by more than a quarter to reach close to a billion
pesos last year, making it one of the fastest growing in the
industry.
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VIEWS FROM A BRIT
By Mike Wootton
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‘Tainted’
money for poverty relief
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ONCE some years ago, I was a
guest at a dinner, we were running late and everybody was really
ready to eat. At last the food came, the host was served last and
decided that he didn’t like the look of whatever it was on his
plate—
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