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Tuesday, April 08, 2008 |
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Property firms scramble
for new markets amid US woes
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By Likha C. Cuevas-Miel Reporter
WITH the Federal Reserve
conceding that the US is amid a recession, a growing number of local
property firms that had gambled their fortunes on the
Filipino-American market are rushing out the door.
Last week, the Philippines’
largest real estate developer made a bold admission: the pot of gold
in the US is no more.
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BSP seen to raise interest rates to temper inflation
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THE Bangko Sentral ng Pilipinas (BSP)
will hike interest rates in the second half of the year to mitigate
the rapid rise of inflation, Metropolitan Bank and Trust Co. (Metrobank)
said.
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Businessmen warn about slow reforms
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FOREIGN businessmen in the Philippines expressed
concern Monday over the slow pace of economic reform, warning the
country was being left behind in the race to attract foreign
investment.
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RP tax collection efficiency remains
elusive, says creditor community
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THE Philippines’ effective enforcement of both tax
incentives and penalties remains elusive, the Institute of
International Finance Inc. (IIF) said.
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Govt borrowings up on fresh foreign obligation
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THE national government borrowed
more last February compared with a year ago due the booking that
month of half a billion dollars in sovereign bonds or IOUs, Bureau
of Treasury data showed.
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Philexim eyes debt for lending hike
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State-owned Philippine
Export-Import Credit Agency plans to issue bonds to raise more funds
for its lending and guarantee operations, said Acting Socioeconomic
Planning Secretary Augusto Santos.
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Napocor fuel bids bucked
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Stakeholders in the power sector want the fuel
procurement function of National Power Corp. over independent power
producers transferred to IPP administrators (IPPA).
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Foreign travelers up a tenth last year
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The Civil Aeronautics Board said the international
passenger traffic flow last year grew more than a tenth owing to the
rising number of foreign tourists and Filipinos working abroad
visiting the country.
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Ayala unit pushes back expansion
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AMID the volatility in financial
markets worldwide and a slowdown
in the US economy, the information technology arm of the Ayala group
said expansion may have to wait for at least another year.
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Cebu-based IT
company to go public this quarter
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MORPH Labs Inc., an information technology company,
has filed with the Securities and Exchange Commission its
application to sell shares to the public for the first time this
quarter.
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Waterfront hotel, casino eyed in Manila Bay project
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WATERFRONT Philippines Inc. (WPI) plans to put up a
hotel and casino in the Bagong Nayong Pilipino-Manila Bay Integrated
Tourism City in partnership with a Macau-based group.
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Sultan plans tripling of coal production this year
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SULTAN Mining & Energy Development Corp. plans to
triple its coal production this year to take advantage of rising
prices and demand in both here and abroad.
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MANAGING
FOR SOCIETY
By Ben Teehankee DBA
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Call center blues
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The call center is a fact of modern life. More and more of us are
destined to interact with a call center regularly to get assistance
on various services: banking, Internet, computers, cell phones,
credit cards,...
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BIZZ FIZZ
By Rene Martel
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Education relief for
Filipino parents
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WITH parts of the pre-need sector in something of a
crisis (no thanks to the bureaucratic muddling of the Securities and
Exchange Commission, and not to mention the Insurance Commission
also casting a moist eye...
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