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Wednesday, October 03, 2007 |
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Stock market climbs on hopes of a rate cut |
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PHILIPPINE share prices rose sharply to close up Tuesday on hopes of
a cut in borrowing costs this week, dealers said.
The country’s biggest conglomerates led
the pack with index leader Philippine Long Distance Telephone Co. (PLDT)
resuming its record-breaking run, they said.
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Megaworld, govt sign accord on old Iloilo
Airport
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MEGAWORLD Corp. told the Philippine Stock
Exchange that it recently signed an accord with the government for
the purchase of the 54.5-hectare old Iloilo airport, confirming an
earlier Manila Times report.
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Cater to China market,RP businessmen told
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The Philippines should prepare to serve the
China market, rather than letting itself be swept away by the
world’s fastest growing economy, the HSBC Global Research said
Tuesday.
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BayanTel eyes wireless coverage nationwide
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BAYAN Telecommunications Inc. (BayanTel) on Tuesday said it plans to
provide wireless landline service nationwide in three to five years.
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Foreign tieup for tollway project sought
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METRO Pacific Investments Corp. (MPIC), the Philippine unit of Hong
Kong conglomerate First Pacific Co. Ltd. plans to temporarily
operate the Subic-Clark-Tarlac Expressway (SCTEX) along with a
foreign investor.
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Slower rice output
growth seen next year
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Philippine rice production is projected to post slower growth next
year, an agriculture official said Tuesday.
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VIEWS
FROM
A BRIT
By Mike
Wootton
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Scams on the Internet
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The number of spam type e- mails in my in boxes is increasing
rapidly recently. The hackers are managing to break down many more
barriers.
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GMO rice application to proceed–Govt
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The Bureau of Plant Industry will process the application of Bayer
Crop Science for its genetically modified organisms rice despite a
court injunction.
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BAS: Low supply raises retail price of mangoes
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The low supply of mangoes is causing prices of the produce to go up
in the metro markets, the Bureau of Agricultural Statistics (BAS)
said Tuesday.
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Postponement due to market volatility
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Cebu Pacific puts off public sale
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GLOBAL market volatility caused by the United States housing
sector’s problems has led Cebu Air Inc. to push back to next year
its plan to sell shares to the public for the first time, people
familiar with the matter said.
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SSS set early 2008 to invest abroad
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STATE-RUN Social Security System said it is actively looking for a
financial adviser for its planned investments abroad next year.
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RP’s biggest nonbank remittance firm to double
earnings
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THE country’s biggest nonbank remittance firm expects to double
its earnings by year-end as funds sent home by overseas Filipino
workers through the company continue to grow above industry average.
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