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Saturday, February 3, 2007

 

Investors buy assets on bright RP outlook

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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O T H E R   R E P O R T S

 

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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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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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 Co. Inc. (MWCI) said profits last year rose by double digits due to continued improvements in operating efficiency.

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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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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. 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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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. text

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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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