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Friday, October 26, 2007 |
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Investment opportunities in derivatives market
increasing—BSP |
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Peso resumes record climb
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The peso hits another record seven-year high
against the US dollar with the greenback weakening and another Fed
rate cut in the offing, traders said.
The peso appreciated by 24 centavos to P44.04
yesterday from P44.280 on Wednesday, according to the Philippine
Dealing System (PDS).
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Business leaders to wangle economic resolutions
from Malacañang
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Philippine business leaders are taking steps to
put the country on an even keel with its more prosperous neighbors,
starting with the resolve to wangle from Malacañang new economic
resolutions that will pave the way for a competitive globalized
economy.
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RP’s ranking as globalized economy dips
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The Philippines fell seven notches as a globalized economy from its
previous ranking a year ago, according the 2007 A.T. Kearney/Foreign
Policy Magazine Globalization Index.
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August import bill grew at lower pace
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Philippine imports grew but at a slower pace in August owing to weak
purchase of electronic products, the government reported Thursday.
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Pagcor City to break ground, foreign investors
interested
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Foreign investors have “seriously” expressed interest to fund
the proposed multibillion-dollar gaming and entertainment complex in
the Manila Bay, an official of the Philippine Amusement and Gaming
Corp. (Pagcor) revealed.
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Lufthansa to invest more in Philippine
operations
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Lufthansa Technik Philippines, a global provider of aircraft
maintenance, repair and overhaul services, has expanded its
operation as it sees greater opportunity in the country.
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Meralco profits surge in Q3
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The Manila Electric Company’s (Meralco)
profits for the third quarter doubled compared to a year ago as the
company continues to benefit from the “absence of provisions for
probable losses.”
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RP best offshore site–UK
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The Philippines was recently cited by the National Outsourcing
Association of the United Kingdom as the Best Offshoring Destination
of the Year during its fourth annual award ceremony in London.
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PNOC-EC to bid out majority stake in West
Balabac field
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State-owned Philippine National Oil Company-Exploration Corp. (PNOC-EC)
plans to bid out majority of the stake in its West Balabac
exploration field off the south west coast of Palawan, a company
official said.
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US home sales hit fresh lows
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Unsold properties flood market
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WASHINGTON: Sales of US homes and apartments tumbled a hefty 8
percent in September extending one of the nation’s worst housing
slumps in decades, an industry group said Wednesday.
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Oil higher in Asia as US energy inventories
decline
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SINGAPORE: Oil traded higher in Asia on Thursday on news US energy
stockpiles fell sharply last week and amid tension between Turkey
and Kurdish rebels in oil-producing northern Iraq, dealers said.
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Dollar will weaken further, US billionaire
Buffett says
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SEOUL: US billionaire investor Warren Buffett said Thursday he
expects the dollar to continue weakening and he is “still
negative” on the currency.
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Australia’s ANZ Bank posts record profit, eyes
Asian growth
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MELBOURNE: Australia’s ANZ Bank posted a record annual net profit
Thursday and said it was determined to become a major power in Asian
banking.
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Story>>
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Better cyber-life with Net Surfers Club
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More Filipinos are relying on the Internet these
days. Aside from all the information that one can get from the web,
this has also become a tool for Pinoys to reach out to their loved
ones abroad.
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Story>>
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