|
|
|
Thursday, April 19, 2007 |
|
|
|
Rotating blackouts seen to persist
Power outage hits parts of Metro, Luzon |
|
By Euan Paulo C. Añonuevo
Reporter
A DAY after assuring the public
of uninterrupted power supply this summer, sections of Metro Manila
and nearby provinces were left in the dark as a number of plants the
National Power Corp. (Napocor) contracted to supply energy shut
down.
In a statement, Napocor blamed
the power outage on generation shortfalls caused by its failure to
anticipate the increase in demand for electricity.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Multibillion-peso
dam project gets green light
|
|
AMID forecasts of a shortage
across the country, the National Economic and Development Authority
(NEDA) board has approved a project that would boost water supply in
Metro Manila and other parts of Luzon.
|
|
Full
Story>>
|
|
|
|
|
Peso further rises
ahead of BSP meeting
|
|
THERE was no let up in the
peso’s appreciation, as the local currency rose to a fresh
six-year high on Wednesday as investors bet on the Bangko Sentral ng
Pilipinas (BSP) keeping its interest rates steady during a meeting
today.
|
|
Full
Story>>
|
|
|
|
|
Demand for MP3
players poised to grow by nearly half
|
|
SAMSUNG Electronics Philippines
Corp. is capitalizing on the popularity of MP3 players with plans of
snatching a tenth of the domestic market for the music-playing
gadget.
|
|
Full
Story>>
|
|
|
|
|
Benpres registers
higher profits as units earn more
|
|
BENPRES Holdings Corp., the
flagship of the Lopez group of companies, reported that its profits
last year grew almost six times as its units posted financial gains.
|
|
Full
Story>>
|
|
|
|
|
PAL sees higher
earnings on additional aircraft
|
|
PHILIPPINE Airlines expects
profits to rise this fiscal year as more aircraft would be delivered
to serve the increasing demand for domestic and international
flights, its president said Wednesday.
|
|
Full
Story>>
|
|
|
|
|
Single regulator
for financial firms proposed
|
|
The government must work to craft
a legal framework to improve its supervisory and regulatory
functions over the financial sector, a Bangko Sentral ng Pilipinas
study said.
|
|
Full
Story>>
|
|
|
|
|
Broadband
proponent plans case vs. govt
|
|
AMSTERDAM Holdings Inc. (AHI)
plans to sue officials of the Department of Transportation and
Communications (DOTC) for junking the company’s proposal to build
the government’s first national broadband network.
|
|
Full
Story>>
|
|
|
|
|
Biodiesel picks up
|
|
FLYING V reported rising demand
for its biodiesel product, as the alternative fuel was loaded six
million times over in refilling stations across the country.
|
|
Full
Story>>
|
|
|
|
|
Sumitomo to begin
RP mining venture
|
|
SUMITOMO Metal Mining Co., Ltd.
has begun feasibility study for cobalt and nickel smelter projects
in Mindanao, the Department of Trade and Industry said Wednesday.
|
|
Full
Story>>
|
|
|
|
|
Philam Life eyes
alternative income
|
|
THE Philam Group of Companies
said it may enter the real-estate business and develop its assets
for higher returns in the face of dwindling returns from its
investments in government debt papers.
|
|
Full
Story>>
|
|
|
|
|
Allied Bank takes
controlling stake in New York Life Insurance
|
|
THE Bangko Sentral ng Pilipinas (BSP)
said it approved Allied Banking Corp.’s plan to increase its stake
in New York Life Insurance (Philippines) Inc. (NYLIP), making the
Lucio Tan-controlled lender a majority owner
|
|
Full
Story>>
|
|
|
|
|
PNOC-EDC reports
drop in net income
|
|
PHILIPPINE National Oil
Co.-Energy Development Corp. (PNOC-EDC) said its profits last year
plunged by about a third, citing lower foreign-exchange gains.
|
|
 Full
Story>>
|
|
|
|
|
Basic Petroleum
to list additional shares
|
|
BASIC Petroleum Corp. said the
Philippine Stock Exchange has approved its application for the
listing of additional shares to cover private placement
transactions.
|
|
Full
Story>>
|
|
|
|
|
UCPB targets
higher deposits
|
|
UNITED Coconut Planters Bank (UCPB)
expects significant growth in its deposits this year, primarily
driven by current account and savings account deposits (CASA).
|
|
Full
Story>>
|
|
|
|
BIZZFIZZ
By Rene Martel
|
|
Team Unity’s
Defensor airs real issues
|
|
WHILE some
candidates from both camps are content with avoiding the real issues
and hurling brickbats at each other, at least Team Unity senatorial
candidate and former presidential chief of staff Mike Defensor...
|
|
Full
Story>>
|
|
|
|
|
Subscribe to
The Manila Times News Alert
To register text:
REG<space>ALERT and send to 7001898
Available to Smart Subcriber only |
| |
