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Thursday, August 02, 2007 |
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PDIC advances dividends |
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Govt finally exits
from PNB |
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By Maricel E. Burgonio and Likha
C. Cuevas-Miel Reporters
The government on Wednesday sold
its remaining shares in Philippine National Bank (PNB), paving the
way for the lender’s full privatization and the completion of its
rehabilitation, according to state-run Philippine Deposit Insurance
Corp. (PDIC).
In a statement, Cristina Q.
Orbeta, PDIC executive vice-president, said the government and the
state-run insurer sold a combined 12.28-percent stake in PNB through
a public offering.
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 Full
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Customs meets July
collection target
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AFTER months of failing to hit
collection targets, the Bureau of Customs said it surpassed its July
goal.
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Stocks retreat on
fresh US housing woes
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LOCAL shares prices closed lower Wednesday amid
fresh concerns about problems in the US home loans market which
pushed Wall Street down sharply overnight, dealers said.
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Meralco charges
the most, says study
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MANILA Electric Co. (Meralco)
charges the highest distribution fees in the Philippines, according
to a nongovernment consumer advocacy group.
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Full
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First-semester
growth seen faster
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The Philippine economy may have
grown at a faster pace in the first half of the year owing to
election related spending and an expanding services sector, a group
of economists said Wednesday.
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Belle profit up as
sales rise
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BELLE Corp. said profits in the
first six months of the year rose by more than half due to strong
real-estate sales.
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Full
Story>>
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Regulator approves
PLDT plan to fix landline forex adjustments
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PHILIPPINE Long Distance
Telephone Co. (PLDT) landline subscribers will be shielded from
frequent foreign-exchange rate increases as the National
Telecommunications Commission (NTC) approved the company’s
proposed...
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Flag carrier
parent’s net higher
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PAL Holdings, Inc. said its
profit for the fiscal year ending March swelled owing to earnings
from its airline unit.
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Full
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PNOC-AFC, Korean
firm sign ‘jatropha’ deal
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Philippine National Oil
Co.-Alternative Fuels Corp. (PNOC-AFC) has signed a deal with
Korea-based ECO Solutions Co., Ltd., for the establishment of
jatropha plantations and oil mills for biodiesel production.
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MPIC-Harbour
Centre qualified
for second North Harbor bidding—PPA
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THE Philippine Ports Authority (PPA)
said the lone bidder for the North Harbor contract would still be
qualified to take part in a second round, after the first auction
failed due to the absence of challengers.
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GeoGrace extends
accord with Garnierite, Saprolite
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GEOGRACE Resources Philippines
Inc. said it would extend the due diligence period under the
agreement it executed with Garnierite Mining Inc. and Saprolite
Mining Inc.
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BIZZFIZZ
By Rene Martel
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British industry
invests in Filipino workers
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A NEW and important investment in
the Philippines by British engineering giant Balfour Beatty will
enable hundreds of Filipino engineers and workers to upgrade their
skills and capabilities to world-class standards.
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Story>>
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