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Saturday, April 05, 2008 |
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RP budget deficit widens
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THE Philippine government’s expenditures rose
faster than its revenues last February, with its budget deficit
widening from the month before, the Department of Finance said on
Friday.
In a briefing, Finance Secretary MargaritoTeves
said the government incurred a P19 billion fiscal gap in February,
or a reversal of the P11.1 billion surplus in the same period last
year.
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Ayala Corp sees slower growth due
to higher inflation, US economic crisis
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AYALA Corp. on Friday said it expects growth to
slow down this year due to the uncertainties brought about by the US
economic weakness and higher inflation.
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Stock market ends week
down on inflation woes
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LOCAL share prices closed sharply lower on Friday after the
government announced that inflation hit a 20-month high in March,
rising much higher than expected, dealers said.
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Reserves expansion eases
on global risk aversion
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THE country’s dollar reserves grew at a slower
pace last month on risk aversion with capital inflows ebbing, the
Bangko Sentral ng Pilipinas (BSP) said Friday.
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Acquisitions lift First Gen’s net income
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First Holdings profit jumps on units
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FIRST Philippine Holdings Corp. announced on
Friday that its profit year grew by more than half due to the better
performance of its subsidiaries.
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ASEAN tries to tackle soaring prices
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DANANG, Vietnam: ASEAN finance ministers met in Vietnam on Friday to
look at ways of coping with soaring prices and the global economic
slowdown, which are expected to hurt growth across the region.
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Filinvest Land earnings nearly double
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FILINVEST Land Inc. (FLI) on Friday disclosed that its net income
almost doubled last year due to the improvement in sales and
rentals.
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IPVG to expand in China, India
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IPVG Corp. is set to expand to China and India this year, a company
executive said Friday.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Goeie more!
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That’s Afrikaan for “Good morning!” When I first visited Midrand in 1985, our hotel
and two other small buildings were all you can see amid vast tract of open land, not
even planted to anything.
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