|
|
|
Wednesday, September 19, 2007 |
|
|
|
Unprecedented price
of crude alerts oil firms |
|
BY Euan Paul C. Añonuevo Reporter
The Philippines major and
independent players are on high alert as world oil prices hit a
record high of $81 a barrel Tuesday, triggering fears of drastic
increases in local pump prices.
The country sources more than 90
percent of its fuel needs abroad.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Airlines to feel
impact of credit crunch
|
|
The housing woes and credit
market crunch in the United States will put pressure on the airline
industry in the Philippines and Asia Pacific by next year, the
International Air Transport Association said Tuesday.
|
|
Full
Story>>
|
|
|
|
|
Bank lending to
grow further on stronger balance sheet, economy
|
|
Bank lending is poised to improve
further with the industry’s stronger balance sheet, expansion of
the economy and low interest rates, BSP Governor Amando M. Tetangco
Jr., said.
|
|
Full
Story>>
|
|
|
|
|
Share prices close
lower on profit taking, oil prices
|
|
Philippine share prices closed
0.5 percent lower on Tuesday as investors took profits, staying
cautious just ahead of the United States Federal Reserve’s
decision on interest rates, dealers said.
|
|
Full
Story>>
|
|
|
|
|
BCDA’s
expressway project cost rose on VAT
|
|
THE Subic Clark Tarlac Expressway
(SCTEx) project cost has gone up nearly four times owing to the
increase in value-added tax, the National Economic and Development
Authority reported.
|
|
Full
Story>>
|
|
|
|
|
Taiwan firm
expands operation in Subic Bay
|
|
Taiwanese firm Tong Lung
Philippines will expand and beef up its manufacturing operations at
the Subic Bay Metropolitan Authority, the company announced Tuesday.
|
|
Full
Story>>
|
|
|
|
|
SM to build
Sofitel hotel in Cebu, signs in Accor
|
|
SM Investments Corp. (SMIC)
announced on Tuesday that it would build a new Sofitel-branded hotel
in Mactan Cebu as it steps up its investments in the Philippine
tourism industry.
|
|
Full
Story>>
|
|
|
|
|
Dole recalls
bagged salads
|
|
The United States’ Dole Food
Co. Inc. announced Tuesday it has voluntarily recalled some of its
bagged salads labeled “Dole Hearts Delight” owing to suspected
E. coli contamination.
|
|
Full
Story>>
|
|
|
|
|
TransCo apologizes
to Mindanao users for power interruption
|
|
The National Transmission Corp. (TransCo)
has issued an apology to electricity consumers in Mindanao following
a series of power interruptions in the region recently.
|
|
Full
Story>>
|
|
|
|
|
iRemit opens
second European unit
|
|
iRemit, Inc., the remittance firm
up for listing with the Philippine Stock Exchange next month, has
opened its second European subsidiary on September 16 in Vienna,
Austria.
|
|
Full
Story>>
|
|
|
|
|
Legacy launches
first Manila Bay project
|
|
Legacy Ventures, a real-property
firm incorporated two years ago, launched its first residential
project along Manila Bay that targets young families, urban
professionals and expatriates in the country.
|
|
Full
Story>>
|
|
|
|
|
Asia weathering
credit squeeze--Aussie CB exec
|
|
SYDNEY: Asia and Australia were
weathering the global credit squeeze “fairly well” but financial
systems would continue to be tested for some time, Reserve Bank of
Australia governor Glenn Stevens said Tuesday.
|
|
Full
Story>>
|
|
|
|
|
Dollar steady in
Asia trade
|
|
TOKYO: The dollar was stable in
Asian trade on Tuesday as markets waited anxiously for a widely
expected US interest rate cut to cushion the world’s largest
economy from its housing slump, dealers said.
|
|
 Full
Story>>
|
|
|
|
|
VIEWS FROM
A BRIT
By Mike
Wootton
|
|
Credit and ‘old
fashioned’ values
|
|
There is a recently released
report which claims that on a worldwide basis investment banks are
set to loose about US$30 million (not a lot of money in terms of the
worldwide investment banking community mind you!).
|
|
Full
Story>>
|
|
|
|
|
|
|
|
|
Subscribe to
The Manila Times News Alert
To register text:
REG<space>ALERT and send to 7001898
Available to Smart Subcriber only |
| |
