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Tuesday, April 17, 2007 |
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But dollar surplus narrows |
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OFW money surges,
lifting growth outlook |
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By Maricel E. Burgonio and Darwin
G. Amojelar Reporters
MONEY sent home by overseas
Filipino workers (OFW) further rose in February despite the decline
in the number of deployed workers, fueling government optimism that
the country could attain economic growth targets this year.
In a statement, BSP Governor
Amando M. Tetangco Jr. said OFW remittances coursed through banks
increased year on year by 22.6 percent to $2.2 billion in the
January to February period.
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Benchmark interest
rates resume climb
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BENCHMARK interest rates resumed
their climb on Monday’s auction of short-term government
securities or IOUs.
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Story>>
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23 investors
eyeing Masinloc
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A large number of investors have
expressed interest in the Masinloc coal-fired power plant, which the
Power Sector Assets and Liabilities Management Corp. is set to
auction off anew in July.
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Story>>
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Toyota to assemble
Vios in RP soon
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Toyota Motor Philippines Corp.
will start making its top-selling sedan here this year.
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Full
Story>>
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Bank lending slows
down in February
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Loans extended by commercial,
thrift and rural banks slowed down in February from January this
year led by the decline in borrowings by the manufacturing sector,
the Bangko Sentral ng Pilipinas said Monday.
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Deferred tax perks
for PERA gain support
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Legislators and stakeholders in
the lending industry agreed to a compromise with the Department of
Finance to defer giving tax treatment for PERA investments after
three years only...
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Story>>
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Chinese funds for
Skyway sought
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The government will propose to
Chinese government to fund the multibillion-peso urban skyway
project that will connect the north and south expressways and
provide linkage between Metro Manila...
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Full
Story>>
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PLDT unit buys
US-based medical billing company
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SPi, the business process
outsourcing (BPO) unit of ePLDT, announced on Monday that it has
acquired a United States-based medical billing company to expand its
health-care portfolio.
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Full
Story>>
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Anscor to venture
into nursing schools, hospitals business
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A. SORIANO Corp. (Anscor)
announced on Monday that a subsidiary is poised to acquire hospitals
and nursing schools to provide a steady supply of skilled labor
ready for deployment in the country and abroad.
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Story>>
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Cebu Pacific
brings back seat sale
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CEBU PACIFIC, the airline unit of
JG Summit Holdings Inc. (JGHSI), is bringing back its peso seat sale
for domestic destinations.
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FPHC raises
planned borrowing
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FIRST Philippine Holdings Corp. (FPHC)
said it raised the amount it is borrowing through the sale of bonds,
citing better-than-expected investor interest in the IOUs.
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Full
Story>>
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TA Oil mulls
foray into biodiesel production
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TRANS-ASIA Oil and Energy
Development Corp. (TA Oil) is conducting studies on the jathropa
plant, a known biodiesel source, as the company plans to venture
into alternative fuels.
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Story>>
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Flying V launches
antihunger program
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FLYING V announced it is set to
launch a hunger mitigation program in partnership with the Rotary
International District 3800 (RID-3800), Luzon Urban Beltway (LUB)
and the National Anti-Poverty Commission (NAPC).
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 Full
Story>>
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DMCI building
secures tax perks
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D.M Consunji Inc. (DMCI) has
secured tax perks for a high-rise residential building project in
Mandaluyong City.
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Story>>
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