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Thursday, September 06, 2007 |
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August inflation
slows unexpectedly |
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CONSUMER prices rose at a slower pace of 2.4 percent in August from
2.6 percent the previous month, with the government on track to meet
its inflation targets, officials said Wednesday.
The lower inflation rate was due
to the slower annual price hikes of all the commodity groups, except
for clothing, the National Statistics Office (NSO) said.
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Atlas, BHP
Billiton units sign long-term deal
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ATLAS Consolidated Mining and
Development Corp. on Wednesday said one of its subsidiaries signed a
long-term supply agreement with a unit of the world’s biggest
mining company.
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Govt to overshoot
asset sale revenue target
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THE Department of Finance said it
would overshoot its asset sale revenue target, thus lifting pressure
on tax collection agencies to catch up in the remaining months of
the year.
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Stock market rises
on Wall Street’s gains
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LOCAL share prices closed higher
Wednesday following gains on Wall Street where data showing modest
growth in the manufacturing sector gave investors a lift, dealers
said.
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PAL seeks higher
fare on costlier fuel
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PHILIPPINE Airlines (PAL) is
seeking higher ticket fares for its international flights to offset
losses from costlier jet fuel.
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Splash files
application for first-time public sale of shares
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SPLASH Corp. has applied with the
Securities and Exchange Commission (SEC) for the maiden sale of its
shares to the public.
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Top Chinese
realtor keen on Fort Boni land
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Shimao Group, China’s top real
estate and hotel developer, will bid for two properties in Fort
Bonifacio Global City, Bases Conversion and Development Authority
announced Wednesday.
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PNOC-AFC energy
venture with British company collapses
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A $1.3-billion deal between a
state-run Philippine National Oil Co.-Alternative Fuels Corp. (PNOC-AFC)
and British company NRG Chemical Engineering to build biofuel
facilities in the Philippines,...
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Cebu Pacific
obtains regulatory permit to fly to Hanoi, Saigon
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CEBU Pacific Air has obtained the
green light from the Civil Aeronautics Board (CAB) to mount flights
to Vietnam next month.
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San Miguel, Nestlé
set sights on local milk for dairy products
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SAN Miguel Corp. and Nestlé
Philippines, Inc. are planning to tap locally produced milk and may
put up processing facilities for the commodity, the National Dairy
Authority (NDA) said.
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Longer water
contract pushed
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STATE-RUN Metropolitan Waterworks
and Sewerage System-Regulatory Office (MWSS-RO) has endorsed a
proposal to extend the concession of Manila Water Co. Inc.
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US Fed urges
lenders to help minimize housing defaults
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WASHINGTON: The Federal Reserve
and other financial regulators urged mortgage holders Tuesday to
work with homeowners facing default to try to work out terms and
help “preserve homeownership.”
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Mattel again
recalls toys made in China
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LOS ANGELES: The US maker of
Barbie dolls Mattel announced on Tuesday yet another massive recall
of toys made in China, targeting some 844,000 items with high levels
of lead, the company said in a statement.
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BIZZFIZZ
By Rene Martel
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Smart sets out to
conquer seas
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THIS was one occasion that it
would have been correct to say that the normally prim and proper and
accomplished senior ranks of Smart Communications executives were
all at sea
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