|
|
|
Saturday, December 08, 2007 |
|
|
|
Unemployment, prices, interest rates seen rising
|
|
Consumers bearish about 2008
|
|
CONSUMERS turned more
bearish in the final three months of this year as well as for next
year, based on a survey conducted by the Bangko Sentral ng Pilpinas
(BSP).
In the latest round of its Consumer Expectations
Survey, the BSP said its overall confidence index slipped, pulled
down by declines in the sub-indices on economic conditions, family
financial situation, and family income. What this means is that the
average consumer is pessimistic about his family’s finances as
well as overall economic prospects for the rest of this year and
moving into next year.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Govt taps private sector to audit oil firms
|
|
THE Department of Energy (DOE) asked a private
accounting firm to collect data on the operations of oil companies
in the Philippines with a view to ensuring price increases were
warranted.
|
|
Full
Story>>
|
|
|
|
|
Dollar hoard slightly dips as
govt, BSP pay off
debts
|
|
THE country’s dollar reserves slightly declined at end-November,
according to the Bangko Sentral ng Pilipinas (BSP).
|
|
Full
Story>>
|
|
|
|
|
Slowdown in money supply growth ends
|
|
THE slowdown in the expansion of the Philippines’ money supply
ended last October, as dollar inflows surged due to remittances,
foreign investments, and export receipts.
|
|
Full
Story>>
|
|
|
|
|
RP stocks end week higher on easing US concerns
|
|
LOCAL share prices closed a tad higher on Friday, buoyed by the
upturn on Wall Street overnight as fears of an economic slowdown in
the United States eased, dealers said.
|
|
Full
Story>>
|
|
|
|
|
Power trading sees drop in
prices
|
|
The price of electricity sold at the Wholesale Electricity Spot
Market (WESM) may go down this month along with a projected decline
in demand as consumers observe holiday festivities all over the
country.
|
|
Full
Story>>
|
|
|
|
|
The Donald threatens to trump Megaworld in legal
tussle over name
|
|
AMERICAN property developer Donald J. Trump said his company will
take immediate legal action against Megaworld Corp. for allegedly
using his name in one of the local listed firm’s projects without
his consent.
|
|
Full
Story>>
|
|
|
|
|
NGO claims TransCo bidder breaches foreign
ownership limit
|
|
AT least one of the bidders for the Philippines’ lone electricity
transmission grid is majority owned by a foreign group, thus
breaching Constitutional limits, NGO claims TransCo bidder breaches foreign
ownership limit
|
|
Full
Story>>
|
|
|
|
|
United Nations urges more food aid for
Philippines
|
|
The Philippines needs localized food emergency assistance given the
occurrences of floods and landslides in the country, the United
Nations-attached Food and Agriculture Organization said Friday.
|
|
Full
Story>>
|
|
|
|
|
Bio Green to process
plant crops suitable for biofuel production
|
|
Bio Green Processing and Manufacturing, Inc. will set-up and operate
a plant in Siaton, Negros Occidental, that will manufacture cassava
starch and cassava pellet from which biofuels are made.
|
|
Full
Story>>
|
|
|
|
|
ICTSI unit borrows to prepay debts
|
|
INTERNATIONAL Container Terminal Services Inc. (ICTSI)
on Friday said a unit took out a loan to prepay debts and fund new
acquisitions.
|
|
Full
Story>>
|
|
|
|
|
LandBank poised to grow loan portfolio next year
|
|
STATE-OWNED Land Bank of the Philippines is eyeing to increase its
loan portfolio next year.
|
|
Full
Story>>
|
|
|
|
|
Robinsons opens new Manila mall
|
|
ROBINSONS Land Corp. (RLC) announced that it has opened its second
Manila mall, which would open its door to retailers, business
process outsourcing (BPO) firms and other commercial establishments.
|
|
Full
Story>>
|
|
|
|
|
Belle sets capex for next three years
|
|
BELLE Corp. told the Philippine Stock Exchange that it has set its
capital expenditures for the next two to three years.
|
|
Full
Story>>
|
|
|
|
|
|
| |
