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Tuesday, October 30, 2007 |
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Oil surges above $93
in Asia
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SINGAPORE: Oil spiked past $93 in
Asian trade Monday for the first time to set a new intra-day high as
tensions in the Middle East continued to spook investors, dealers
said.
Prices were also partly driven up
by a new tropical storm, dubbed Noel, in the Caribbean which
investors fear may make its way to the United States gulf coast
where many of the country’s energy facilities are located, they
said.
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Local debt market
improving, says BSP
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THE local debt market has improved significantly
driven by strong macroeconomic fundamentals and increased liquidity
in the system, the Bangko Sentral ng Pilipinas (BSP) said.
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New Senate bills
raising individual tax
exemptions to cost govt, says Finance
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THE Senate bills aimed at granting more tax
exemptions to individuals are expected to cause a big dent on the
government’s fiscal consolidation program, the Department of
Finance (DOF) said.
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CNG stations in
Manila by next year
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THE development of another “clean fuel” in the
Philippines got a boost after multinational firm Callandra
Alternative Fuels & Energy disclosed plans to put up compressed
natural gas (CNG) refueling stations in Manila by next year.
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Unresolved cases
piling up at telecom regulator
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BESIDES delays in the issuance of rules on new
telecom offerings, the National Telecommunications Commission (NTC)
likewise is taking long in resolving pending rifts between and among
companies...
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Megaworld to
develop BPO triangle
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MEGAWORLD Corp. said it would start developing its
project in the Visayas next year to complete its Philippine business
process outsourcing (BPO) triangle.
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PAL seeks tax
incentives for refleeting program
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PHILIPPINE Airlines (PAL) wants the government to
grant the company tax and other perks for its billion-dollar
refleeting program.
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GMA Network bucks
telcos’ planned
venture into mobile-television service
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GMA Network Inc. said telecom companies have no basis
offering mobile-television (TV) services.
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NEDA OK’s new
Iloilo airport cost overruns
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THE Cabinet committee of the National Economic and
Development Authority (NEDA) has approved the increase in the
project cost of the new Iloilo Airport Development Project (NIADP).
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Metrobank, Xoom
partner for remittance market
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METROPOLITAN Bank and Trust Co. (Metrobank) has
partnered with Xoom Corp., global Internet money transfer company,
to reach more overseas Filipinos and garner a bigger share of the
remittance market.
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Sta. Lucia Land
to raise funds through share sale, borrowings
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STA. Lucia Land Inc., formerly Zipporah Realty
Holdings Inc., told the Philippine Stock Exchange that it would
raise funds through borrowing and the sale of additional shares.
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La Suerte pushing
for lower tax rate, early inventory withdrawal
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LA Suerte Cigar & Cigarette Factory, the local
partner of United Kingdom-based British American Tobacco (BAT),
wants to withdraw its Pall Mall cigarettes from its warehouse at a
lower tax rate...
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BIZZFIZZ
By Rene Martel
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Squatting is
brisk business
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WITH President Gloria Macapagal-Arroyo no less
distributing “contracts to sell” to them, 748 informal settlers
(or squatters, to use the less politically correct term) settled
illegally at the National Government Center area...
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