|
|
|
Thursday, October 04, 2007 |
|
|
|
Central bank incurs
losses on strong peso |
|
By Maricel E. Burgonio Reporter
EFFORTS to keep inflation at bay
in the face of surging dollar inflows and an appreciating peso have
cost the Bangko Sentral ng Pilipinas dearly, as the country’s
lender of last resort incurred significant losses due to its foreign
exchange and liquidity mopping operations in the first half of the
year.
BSP Deputy Gov. Diwa C.
Guinigundo said the central bank has incurred a P40-billion net loss
from foreign-exchange fluctuations and payments to lenders for
parking their excess funds in the regulator’s special deposit
account (SDA).
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Stocks rally
continues ahead of BSP meeting
|
|
LOCAL share prices closed higher
Wednesday on the eve of a central bank meeting that is expected to
cut key interest rates, dealers said.
|
|
Full
Story>>
|
|
|
|
|
URC secures sugar
supply
|
|
UNIVERSAL Robina Corp. (URC), the
food and beverage arm of JG Summit Holdings Inc., announced on
Wednesday that it bought sugar mills in Iloilo to secure its raw
material requirements as well as sell the commodity...
|
|
Full
Story>>
|
|
|
|
|
Homegrown, foreign
coffee shops to expand on rising demand
|
|
HOMEGROWN Figaro Coffee Co. and
foreign-owned Gloria Jean’s are set to expand across the
Philippines given the growing interest in setting up franchises for
the coffee-shop business.
|
|
Full
Story>>
|
|
|
|
|
Chinese investors
keen on cash crops
|
|
The Department of Agriculture
said that it has enticed Chinese businessmen to invest in the
Philippines’s farm sector, despite the bad press a big-ticket
broadband project to be funded by Beijing has been generating.
|
|
Full
Story>>
|
|
|
|
|
PAL to borrow anew
after early rehabilitation exit
|
|
PHILIPPINE Airlines Holdings,
Inc., the operator of Philippine Airlines, will sell shares and
borrow money within the year to fund its multibillion-dollar
refleeting program that will run until 2011,...
|
|
Full
Story>>
|
|
|
|
|
Fishery sector to
post stronger growth
|
|
PHILIPPINE fisheries industry is
projected to post higher growth in the third quarter of the year due
to strong performance of aquaculture subsector, the Bureau of
Fisheries and Aquatic Resources (BFAR) said Wednesday.
|
|
Full
Story>>
|
|
|
|
|
Lafayette takes
out fresh loan
|
|
The Rapu Rapu Polymetallic
Project of Australian-owned Lafayette Philippines, Inc., said
Wednesday that it will secure a fresh loan from another group to pay
off its short-term liabilities.
|
|
Full
Story>>
|
|
|
|
|
Manila thermal bid
starts
|
|
The Power Sector Assets and
Liabilities Management Corp. (PSALM) has started the bidding process
for the de-commissioned Manila thermal power plant in Paco, Manila,
which will be auctioned off in December.
|
|
Full
Story>>
|
|
|
|
|
Aboitiz bags
funding
|
|
The Hedcor Consortium, a unit of
the Aboitiz Group, is in talks with Citibank N.A. and SB Capital
Investment Corp. for the financing of two hydroelectric power plant
projects in Davao.
|
|
Full
Story>>
|
|
|
|
|
iRemit sets share
price ahead of public sale
|
|
The country’s largest
Filipino-owned nonbank remittance company has set the final price
for its maiden share sale to the public, which is near the midpoint
of the price range it disclosed earlier.
|
|
Full
Story>>
|
|
|
|
|
Regulatory delay
stalls Seair expansion
|
|
THE lease agreement of Southeast
Asian Airlines (SEAIR) and Singaporean budget airline Tiger Airways
for two brand new Airbus aircraft has expired as Philippine
regulators have yet to approve the contract.
|
|
Full
Story>>
|
|
|
|
|
Ayala unit eyes
strategic partner
|
|
Whether the electronics
manufacturing arm of the Ayala Corp. would push through with its
planned listing in the local and international stock markets or opt
for an avenue that would be open to strategic investors...
|
|
 Full
Story>>
|
|
|
|
BIZZFIZZ
By Rene Martel
|
|
Wellness the
theme at Sofitel summit
|
|
SINCE President Gloria Arroyo has
declared October as “Wellness Month” it was quite fitting that
the Singapore-based publishing company Wellness Media should gather
together business leaders,...
|
|
Full
Story>>
|
|
|
|
|
|
|
|
|
Subscribe to
The Manila Times News Alert
To register text:
REG<space>ALERT and send to 7001898
Available to Smart Subcriber only |
| |
