|
|
|
Friday, January 26, 2007 |
|
|
|
Bangko Sentral keeps
interest rates steady |
|
By Maricel E. Burgonio, Reporter
THE interest rate that banks earn
on their deposits with the Bangko Sentral ng Pilipinas will have to
remain at its current level after the Monetary Board decided to put
off any adjustment to its overnight borrowing rate.
Consequently, its overnight
borrowing rate remains at 7.5 percent, while its overnight lending
rate stands at 9.75 percent.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Electronics
imports slow down in Nov.
|
|
IMPORTS of components meant for
the assembly of the Philippines’ main dollar-earning product
slowed in November, according to the National Statistics Office.
|
|
Full
Story>>
|
|
|
|
|
Factory output
dips further
|
|
FACTORY output continued its
decline in November with machinery production suffering from the
biggest drop in both volume and value, the National Statistics
Office reported on Thursday.
|
|
Full
Story>>
|
|
|
|
|
Local share prices
close higher on imports, interest rate prospects
|
|
SHARE prices closed higher
Thursday amid hopes that the central bank would trim its policy
rates, dealers said. Higher import growth in November also spurred
buying interest because this signaled continuing brisk exports...
|
|
Full
Story>>
|
|
|
|
|
Mining seen to
boom on new investments
|
|
The Chamber of Mines of the
Philippines eyes some $500 million new money in the industry this
year in addition to previous investments made by existing mining
companies.
|
|
Full
Story>>
|
|
|
|
|
AMA Group readies
feasibility study for railway system in Cebu
|
|
THE AMA Group Holdings Corp. will
complete by midyear the feasibility study of a rail system in the
province of Cebu, an official of the Department of Transportation
and Communication said.
|
|
Full
Story>>
|
|
|
|
|
No public
share-sale in 2 years--BayanTel
|
|
BAYAN Telecommunications Inc. (BayanTel)
said Thursday that its mandated plan to sell shares to the public
will not happen in two years.
|
|
Full
Story>>
|
|
|
|
|
Geograce set to
acquire nickel-mining area
|
|
GEOGRACE Resources Philippines
Inc., formerly known as Global Equities Inc., has signed a
share-for-property swap agreement with Saprolite Mining Inc. for the
latter’s mining rights in a nickel property in Zambales province.
|
|
Full
Story>>
|
|
|
|
|
PetroEnergy to
conduct test drills off Mindoro
|
|
PETROENERGY Resources Corp. is
set to conduct test drills on an oil prospect in Mindoro province in
the middle of the year.
|
|
Full
Story>>
|
|
|
|
|
Alliance Global
gets PSE’s nod for additional listing
|
|
ALLIANCE Global Group Inc., the
listed company of George Yang, on Wednesday obtained an approval
from the local bourse to list additional shares as proceeds will be
used to finance expansion.
|
|
Full
Story>>
|
|
|
|
|
Winning Maynilad
bidders turn over partial payment
|
|
THE new majority owners of Maynilad Water
Services Inc. have remitted to state-owned Metropolitan Waterworks
and Sewerage System (MWSS) the initial payment for the
government’s stake in the water utility...
|
|
Full
Story>>
|
|
|
|
|
VIRTUAL BUSINESS
By Tony Lopez
|
|
Opposition in
disarray (1)
|
|
THE opposition ranks are in
disarray. This is obvious from the January 15 letter sent by former
senator Francisco Tatad to former President Estrada recounting the
January 1 meeting of opposition leaders.
|
|
Full
Story>>
|
|
|
|
|
|
|
|
|
Subscribe to
The Manila Times News Alert
To register text:
REG<space>ALERT and send to 7001898
Available to Smart Subcriber only |
| |
