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Saturday, February 3, 2007 |
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Investors buy assets
on bright RP outlook |
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By Likha C. Cuevas, Reporter
INVESTORS are banking on the
Philippines’ long-term prospects given the pace at which they are
lapping up shares of companies that have raised funds in the capital
market, analysts said.
“There is demand for Philippine
assets right now, particularly property assets,” Robrina Go, UBS
head of equities, said.
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All set for
TransCo auction on Monday
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THE Department of Energy said
Monday’s bidding of the 25-year concession of the Philippines’
nationwide power grid will push through as scheduled.
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Philippines eyes
Credit Suisse for priority infrastructure projects
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CREDIT Suisse, a multinational
financial services company, has expressed interest in participating
in the Philippines’ priority infrastructure project development,
the Department of Trade and Industry said.
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Share prices seen
to test new threshold as earnings come out
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PHILIPPINE share prices are
expected to keep rising in the coming week although occasional
profit-taking may still take place, an analyst said on Friday.
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Manila Water posts
double-digit increase in profits on higher sales
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MANILA Water Co. Inc. (MWCI) said
profits last year rose by double digits due to continued
improvements in operating efficiency.
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Govt ups savings
on fiscal reforms
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BESIDES the belt-tightening
brought about by the reenacted budget last year, the Philippine
government saved a significant amount due to its fiscal
consolidation program, the Bureau of Treasury said.
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Aboitiz unit
phases out container ships
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2GO Express has started phasing
out its container ships and will completely venture in roll-on,
roll-off (ro-ro) ships instead, the company’s top executive
announced Friday.
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SB Corp. to
increase lending to SMEs
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SB Corp. plans to release
P4.9-billion loan to micro, small and medium enterprises this year
after securing three Official Development Assistance loans.
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More geothermal
plants sought for Visayas f
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BAGO CITY, Negros Occidental: The
Department of Energy plans to forge additional geothermal steam
supply agreements with potential investors in the Visayas to offset
power supply shortfalls in the region.
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New trading rules
OK’ed
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THE Philippine Stock Exchange has
approved the rules on securities borrowing and lending that will
allow trade of borrowed stocks.
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