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Friday, February 23, 2007 |
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Business outlook at
highest level—survey |
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Business outlook this year has reached the highest level in more
than a decade, according to the Makati Business Club (MBC) executive
outlook survey released Thursday.
“The economy for 2007 is the
most upbeat in 11 years,” MBC said in a statement.
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MB approves forex
regulation package
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The Monetary Board has approved a
reform package in foreign-exchange regulation that could encourage
more investment inflows, Bangko Sentral ng Pilipinas (BSP) said
Thursday.
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Jewelers want
freer market
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The Guild of Philippine
Jewelry’s Inc. (GPJI) appealed before the government on Thursday
to eradicate underground selling of fine jewelry and to make export
pieces available in the local market.
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RP eyes bigger
borrowings from WB, ADB this year
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THE government will borrow huge
amounts of money from the two largest multilateral institutions this
year to fund infrastructure projects and social services, an
official of the National Economic and Development Authority (NEDA)
said Thursday.
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NGOs accuse Lamy
of pressuring govt
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Peasant groups have accused
visiting World Trade Organization chief Pascal Lamy of trying to
pressure the Philippine government to change its position on delayed
global trade talks.
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Coca-Cola
completes SMC stake buyout
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The Coca-Cola Co. (TCCC) has
finally completed its acquisition of the San Miguel Corp. (SMC)
stake in Coca-Cola Bottlers Philippines Inc. (CCBPI), making TCCC
the sole owner of the local bottling company.
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Ayala Corp.
injects more funds for Philippine, India expansions
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The Ayala Corp.’s
business-process outsourcing (BPO) investment arm LiveIt Solutions
Inc. will acquire another US-based company and expand in the
Philippines and abroad.
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