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Wednesday, March 7, 2007 |
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BSP sees higher OFW
remittances this year |
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By Maricel E. Burgonio, Reporter
The Bangko Sentral ng Pilipinas
predicts total remittances from overseas Filipino workers will
increase significantly in 2007.
“The emerging estimated for
full-year 2007 OFW total cash remittances is $14.7 billion, about
5-percent increase from the 2006 level of $14 billion. Of this
amount, it is estimated that roughly $14 billion will pass through
the banking system,” BSP Governor Amando M. Tetangco Jr. told
reporters.
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 Full
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Fitch affirms
RP’s credit rating at risky levels
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While it
maintains a stable outlook for the Philippines, Fitch Ratings Inc.
has affirmed that the level of the country’s credit rating still
compares unfavorably with its rating peer group whose debt burden...
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PLDT’s net
income ‘marginal’ in 2006
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Philippine
Long Distance Telephone Co. on Tuesday announced its net profit grew
marginally in 2006 owing to lower foreign-exchange gains and higher
expenses.
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Full
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Lopez-owned firm
to contest Sandigan rule on EPCIB shares
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The
Lopez-owned First Philippine Holdings Corp. said Tuesday it will
petition the Supreme Court for reconsideration of the
Sandiganbayan’s decision on the contested Equitable-PCI Bank
shares held by Middle East (Phils.)...
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Full
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Alliance Global
set to reclassify common shares
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Listed
Alliance Global Group Inc. said it will reclassify unissued common
shares into preferred shares pending approval from its shareholders,
the company said Tuesday.
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Full
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PERMC to set up
info center on retail competition
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The Philippine
Electricity Market Corp. (PEMC) plans to set up an information
center online that will house data relevant to retail competition in
the power industry. “The Energy Regulatory Commission...
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RP stocks down,
shaken still
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Philippine
share prices closed 0.82 percent lower Tuesday on follow-through
selling but bargain-hunting emerged to limit the losses, dealers
said.
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VIEWS
FROM
A BRIT
By Mike
Wootton
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A marketing
budget?
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My nature is
such that I believe it is often necessary to expend some money in
order to make some money. I’m not sure that the Philippines
government has the same view.
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Full
Story>>
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