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Tuesday, December 25, 2007 |
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BSP may cut rates
further, DBS says
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By Maricel E. Burgonio Reporter
The Bangko Sentral ng Pilipinas
may further cut its interest rates in the next policy meeting in
January to help slow the peso’s appreciation, the Development Bank
of Singapore (DBS) said.
“We look for overnight BSP
borrowing and lending rates of 5 percent and 7 percent,
respectively, by end-January 2008,” DBS said in its recent
economic outlook on the Philippines.
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Napocor to
continue with asset sale despite open access
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The privatization of state-owned National Power
Corp.’s (Napocor) power plants will continue even at the onset of
open access and retail competition in the power sector, an official
of the company said.
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Story>>
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iRemit posts jump
in remittance volume
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The country’s largest Filipino-owned nonbank
remittance firm said the volume of its business jumped at
end-November on combined contributions from existing markets and its
remittance centers in new geographical locations.
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Govt confident
Jpepa would be ratified
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The government is confident that the Japan
Philippines Economic Partnership Agreement would pass muster at the
Senate based on the last public hearing held last week, according to
Department of Trade and Industry Secretary Peter B. Favila.
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PNOC-EDC
privatization raised funds for govt infra
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THE sale of Philippine National Oil Co. Energy
Development Corp. provided the government the revenues it needs to
fund infrastructures and social services, the Department of Finance
said.
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Story>>
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Stop NTC from
dunning us for arrears, NMI tells court
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NEXT Mobile, Inc. has asked the Court of Appeals to
stop the National Telecommunications Commission from collecting
arrears from the phone company.
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Story>>
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