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Wednesday, April 09, 2008 |
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Expectations of inflation and BSP’s response
push 3-year borrowing rate higher
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INFLATION expectations and fears of the Bangko
Sentral ng Pilipinas’ (BSP) future response pushed the interest
rate on longer-term debt papers higher, the Bureau of Treasury said.
The government on Tuesday accepted investors’
bid of 6.414 percent for P4.505 billion worth of three-year Treasury
bonds, higher than the 5.375 percent the IOUs fetched during a July
10 auction last year. The government had planned to borrow P7
billion through the sale of these papers.
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Near-term power crisis looms
as open access remains shut
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A POWER crisis remains imminent for the
Philippines in the next three years given the government’s failure
to jump-start an open-access regime, according to a report by the
Department of Energy.
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Money supply growth eases
further on weak inflow
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THE country’s money supply grew at a slower
pace last February due to weaker capital inflows and a reduction in
the government’s foreign borrowings, according to the Bangko
Sentral ng Pilipinas (BSP).
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IMF urges reduction in
foreign-fund dependence
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THE International Monetary Fund (IMF) said emerging markets should
reduce their dependence on external funding to lessen their
vulnerability to the ongoing US sub prime mortgage crisis.
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Guidelines set for
govt, private sector joint ventures
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THE board of the National Economic and
Development Authority (NEDA) on Tuesday approved the guidelines
covering government and private sector partnerships...
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DBP to borrow from World Bank to fund Maynilad
rehabilitation projects
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THE Development Bank of the Philippines (DBP) will borrow funding
from the World Bank to finance the rehabilitation projects of
Maynilad in a move to reduce non-revenue water.
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Semirara Mining profit upon
higher domestic demand
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Semirara Mining Corp. profits slightly climbed last year on higher
domestic coal demand, boosted further by the firm’s foray into
offshore markets to maximize production, the company disclosed
Tuesday.
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Despite US slowdown
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ABS-CBN to pursue expansion abroad
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ABS-CBN Broadcasting Corp. on Tuesday said the
US slowdown is unlikely to hit its international operations as
demand for Philippine entertainment would remain resilient.
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UCPB sees property sector loan growth
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UNITED Coconut Planters Bank (UCPB) expects consumer lending to grow
significantly this year, driven primarily by high demand for real
estate loans.
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Tagaytay Highlands developer more
than doubles profit on new project
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THE developer of Tagaytay Highlands told the Philippine Stock
Exchange on Tuesday that its profit last year more than doubled as
gross sales value surged due to brisk sales of its latest real
estate project.
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PLDT warns of costlier Internet telephony
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PHILIPPINE Long Distance Telephone Co. (PLDT) warned of higher call
rates over the Internet as telecom companies will be forced to
increase the cross subsidy on international toll services owing to
the regulator’s proposal to tighten rules for voice over Internet
protocol (VoIP).
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Stock market closes flat
as investors turn cautious
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LOCAL share prices closed flat as investors turned cautious while
waiting for fresh leads, still unconvinced that the worst is over
for the market, dealers said.
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VIEWS
FROM
A BRIT
By Mike Wootton
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Nuclear Power
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I see from some recent reports that research is continuing on the
potential for development of nuclear power for the Philippines. This
is of course not the first time that this has been considered...
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Story>>
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