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Thursday, September 27, 2007 |
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Slipping competitiveness blamed on slow pace of
reform |
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RP drops on global
list
of business-friendly sites |
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By Darwin G. Amojelar Reporter
THE Philippines has become less
business-friendly, according to a report issued by the World Bank
and its private-sector investment arm, the International Finance
Corp. (IFC).
In its report titled “Doing
Business 2008,” the multilateral lender said the country’s
ranking in terms of ease of doing business slipped by three notches
to the 133rd spot from the 130th place last year, citing the slow
pace of reforms in the area of business regulation. The report
surveyed 178 economies. In the 2005 report, the Philippines landed
on the 121st spot.
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Fil-Americans
still keen on RP homes despite credit crunch
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FILIPINO expatriates in the
United States are still keen on buying homes in the Philippines in
spite of the credit crunch in the world’s largest economy, Ayala
Land Inc. said on Thursday.
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Stock market rises
on cautious trading
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LOCAL share prices closed higher
Wednesday on thin volume as investors remained cautious, dealers
said.
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Benign inflation
forecast for Sept.
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DESPITE high oil prices, the
Bangko Sentral ng Pilipinas expects the average increase in consumer
prices in September to remain benign.
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Public sector
registers funding surplus in first semester
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THE Philippine public sector
posted a substantial improvement in its financial position in the
first half of the year, the Department of Finance said Wednesday.
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Ambuklao-Binga
power plants keep investor interesti
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THE majority of prospective
bidders that earlier expressed interest in the Ambuklao-Binga
hydroelectric power plants followed through, as 10 attended the
prebidding conference for the plant,...
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New Poro Point
tourism enclave set to start construction
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THUNDERBIRD Resorts Inc. (TRI) is
set to start its venture at the new special economic and freeport
zone in the former United States military air station in La Union
involving the area’s conversion...
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Filipino appetite
on the rise for riskier investment products
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FILIPINOS, increasingly, are
putting their money in risky investment products, a Hongkong
Shanghai and Banking Corp. (HSBC) official said.
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Abra Mining,
Canadian firm to formalize joint venture project
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ABRA Mining and Industrial Corp.
said it would be finalizing the joint venture agreement with a
Canadian firm following the “encouraging” results from the due
diligence of the Capcapo Gold Property.
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ISM board
approves new investor
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ISM Communications Corp. said on
Wednesday that its board approved the private placement of a United
Kingdom-based fund manager in the company as proceeds will be used
to fund investments in a subsidiary.
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Italian fashion
group wins case
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MAX Mara Fashion Group, an
Italian high-end apparel brand, won a case against the local brand
Sportsman at the Court of Appeals, the Intellectual Property Office
of the Philippines (IPO) said Wednesday.
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SM Prime to
acquire Henry Sy malls in China
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SM Prime Holdings Inc. is poised
to acquire three malls in China owned by the company’s controlling
shareholder, Henry Sy.
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US consumer
confidence tanks to near two-year low
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WASHINGTON: US consumer
confidence tanked in September to almost a two-year low amid
weakening business and job market conditions, the Conference Board
said Tuesday.
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BIZZFIZZ
By Rene Martel
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Retail therapy
redefined at TriNoma
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THE dapper general manager of
Ayala Land’s latest retail pride and joy, Javier Hernandez, makes
the confident claim that “TriNoma will redefine quality time and
make sure that every moment counts.”
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