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Wednesday, January 31, 2007
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Pessimism persists despite bright economic prospects |
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Japanese in RP still
bearish |
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By Darwin G. Amojelar, Reporter
DESPITE the creditor community’s bullish outlook for the
Philippine economy, Japanese businessmen in the country remain
bearish for the next two to three months, according to the Japan
External Trade Organization (Jetro).
In its latest survey, Jetro said
overall business sentiment of Japanese companies and affiliates
operating in the Philippines remain in negative territory given a
diffusion index of -9.6 in January, worse than the -0.5 in December.
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First Pacific
yields right to match PTIC shares
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In a sudden twist of events
Tuesday night, Hong Kong-based First Pacific Co. Ltd. has yielded
its right to match the offer for the government’s stake in the
Philippine Telecommunications Investments Corp. (PTIC).
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Metrobank’s
profit jumps, but BPI’s net income short of target
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THE Philippines’ two biggest
banks said profits last year were higher from a year ago.
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January inflation
to decline further
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A STRONG peso and cheaper fuel
may have allowed consumer price increases to ease further in
January, according to the Bangko Sentral ng Pilipinas (BSP).
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Agriculture dept
to field trade attaches
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THE Department of Agriculture
will put in place trade and investment desks (TIDs) worldwide to tap
international markets for farm and fishery products, and attract
more foreign investments in the regions.
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DMCI housing
project secures tax incentives
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CONSUNJI-LED DMCI-Project
Developers Inc. (PDI) has secured incentives from the Board of
Investments for a multimillion-peso low-cost mass housing project in
Taguig City.
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Insurance
companies set to go public this year
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TO help raise their
capitalization requirements, three locally based insurance companies
have expressed their intention to go public this year, the Insurance
Commission said on Tuesday.
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VIEWS
FROM
A BRIT
BY Mike Wootton
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The importance of appearances
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I WELL remember on my first trip
to Russia back in about 1986 being “impressed” by how dirty the
windows were, it looked as if they had never been cleaned.
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VIRTUAL
BUSINESS
BY Tony Lopez
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Double whammy on
the economy
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BANGKO Sentral Governor Amando
Tetangco hosted breakfast for the Tuesday Club yesterday at the
Shangri-La EDSA coffee shop. Next door, the Chamber of Automotive
Manufacturers Inc.
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