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Saturday, March, 3 2007 |
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Selling pressure
hounds stocks, peso |
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SELLING pressure hounded Philippine stocks and the peso on Friday,
as investors took to the sidelines ahead of the release of key
economic data in the United States.
The Philippine Stock Exchange
composite index (PSEi) shed 1.56 percent, or 49.78 points, at
3,140.34. The all-shares index lost 33.65 points, or 1.64 percent,
at 2,016.80.
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Leading indicator
foretells economic growth
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THE Philippine economy is likely
to grow at a faster pace this year as the country’s composite
leading economic indicator (LEI) is picking up, the National
Statistical Coordination Board (NSCB) said.
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Travel, tourism in
RP seen least attractive
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THE Philippines is one of the
least attractive sites for developing the travel and tourism
industry, according to a World Economic Forum (WEF) study released
Thursday.
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BSP approves govt
plan to prepay rest of Brady bonds
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THE Monetary Board has approved a
government plan to prepay its remaining Brady bonds, a Bangko
Sentral ng Pilipinas official said Friday.
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Higher production,
rising sugar prices lift miller’s revenues
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CENTRAL Azucarera de Tarlac (CAT)
said revenues last year rose on the back of higher production and
market prices.
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Imported detergent
material gets boost
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THE Department of Trade and
Industry (DTI) has thumbed down a petition filed by CAWC Inc.
seeking to impose higher tariffs in the form of safeguard duties on
sodium tripoly-phosphate-technical grade (STPP-TG).
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PNOC to electrify
more barangays
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THE Department of Energy (DOE)
and state-owned Philippine National Oil Co. (PNOC) have signed an
agreement that would electrify 50 barangays and 100 communal
facilities in the provinces of Zamboanga del Sur...
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Cure seeks
frequencies for 3G
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CONNECTIVITY Unlimited Resource
Enterprise Inc.(CURE) has requested temporary frequencies from the
National Telecommunications Commission (NTC) for the telecom
company’s use in testing its network rollout of 3G...
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Nestlé sells
water unit to Universal Robina
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UNIVERSAL Robina Corp. (URC) has
purchased the drinking-water bottling unit of Nestlé Philippines
Inc., the multinational company said Friday.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Learning from
Mount Pulag
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Ana Margarita Zapanta of First
Gas, one of the 91-strong Lopez Group-led mountaineers who climbed
Mount Pulag on February 15 to 16, came up with this observation,...
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