|
|
|
Tuesday, March 20, 2007 |
|
|
|
Govt trims borrowings |
|
Benchmark interest
rates to rise further |
|
By Angelo S. Samonte, Reporter
THE sale this year of new
Treasury bills or Philippine debt papers that mature in one year or
less may cease if the interest rates on these IOUs come close to
those of papers that mature in two years or more, the Bureau of
Treasury said.
The bureau made this
announcement, as the yield for the 91-day T-bill, which banks use in
pricing their loans, rose 6.3 basis points to 2.998 percent, for a
second straight increase in the benchmark rate since the last
auction in March 5.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Weak tax effort
hinders
balanced budget–ADB
|
|
THE Philippine government is
unlikely to meet its balanced budget goal next year without further
improvement in its tax effort, the Asian Development Bank (ADB) said
Monday.
|
|
Full
Story>>
|
|
|
|
|
Elections to boost
mobile phone use--NTC
|
|
ELECTION-RELATED spending and the
rosy Philippine economic outlook this year will help boost mobile
phone subscriber growth, the National Telecommunications Commission
(NTC) said.
|
|
Full
Story>>
|
|
|
|
|
OFW remittances
may slow on wage hike
|
|
A HIKE in the minimum wage for
overseas Filipino workers (OFW) may dampen remittance flows,
according to a Singapore-based bank.
|
|
Full
Story>>
|
|
|
|
|
Meralco stands to
lose millions after BIR junks tax-credit claim
|
|
MANILA Electric Co. (Meralco)
stands to lose about a billion pesos in tax credits earned eight
years ago after the Bureau of Internal Revenue (BIR) disallowed the
distribution utility from carrying over...
|
|
Full
Story>>
|
|
|
|
|
Hedcor has govt
nod to run hydroplant in Davao del Sur
|
|
Power generation company Hedcor
Tamugan Inc. (HTI) has the nod of the government to operate its
hydroelectric plant in Davao del Sur, the Department of Trade and
Industry announced Monday.
|
|
Full
Story>>
|
|
|
|
|
Foreign chambers
urge liberal aviation policy
|
|
The Joint Chambers of Commerce of
the Philippines urged the government Monday to fully implement the
liberalization of the aviation policy to attract more foreign
carriers and encourage them to increase flights.
|
|
Full
Story>>
|
|
|
|
|
NTC drafts
circular on mobile television
|
|
THE National Telecommunications
Commission drafts a circular distinguishing the dual features of
mobile television, a new service to be introduced by Smart
Communication, Inc.
|
|
Full
Story>>
|
|
|
|
|
Fil-Estate to
increase equity in CJHDevCor
|
|
Listed Fil-Estate Corp. said its
board has approved the acquisition of its major shareholder’s
equity interest in Camp John Hay Development Corp. (CJHDevCor) via
a stock-to-stock swap.
|
|
Full
Story>>
|
|
|
|
|
Mariwasa to
reclassify authorized capital stock
|
|
Listed Mariwasa Manufacturing,
Inc. said the majority of its stockholders has approved the
reclassification of its authorized capital stock.
|
|
Full
Story>>
|
|
|
|
|
BIZZFIZZ
By Rene Martel
|
|
QTV builds on
impressive gains
|
|
WITH the heated ongoing network
war between GMA and ABS-CBN it’s hard to imagine that there can be
another player in the ratings game.
|
|
Full
Story>>
|
|
|
|
|
|
|
|
|
Subscribe to
The Manila Times News Alert
To register text:
REG<space>ALERT and send to 7001898
Available to Smart Subcriber only |
| |
