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Saturday, April 12, 2008 |
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IMF predicts RP inflation to slow before
year-end, BSP to ease monetary policies
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The International Monetary Fund said Bangko
Sentral ng Pilipinas will have more scope for monetary easing as it
expects inflation to slow down in the later part of the year.
In response to the projected moderation of
economic growth and inflation, IMF said in its April 2008 Regional
Economic Outlook that only “Malaysia and the Philippines both have
scope for easing” among emerging Asian countries.
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Garment export industry may
gain from US economic crisis
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The Philippine garments industry stands to
benefit from the US economic crisis, the Confederation of Garment
Exporters of the Philippines said Friday.
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Pilipinas Shell, DOE set to open
CNG refilling station in Laguna
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The Department of Energy and oil firm Pilipinas Shell have put up a
refilling facility for compressed natural gas (CNG) in Laguna to
service sedans that can run on alternative fuel.
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Preneed sales dip on year,
but pick up month on month
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Sales of pre-need products for the month of
February slightly dropped on year but experienced a single-digit
up-tick month-on-month, the Securities and Exchange Commission said
Friday.
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Power outage cost LRTA
half-a-million peso revenue loss
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The Light Rail Transit Authority announced Friday that it lost more
than half a million pesos in revenues owing to one-hour interruption
of its operation during a power outage Friday morning.
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San Miguel Brewery tightens
price range, cancels sale to US
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San Miguel Brewery Inc. has further tightened
the price range of its initial public offering and canceled the sale
to US investors in the face of market volatility, the company
announced Friday on the sidelines of its investors briefing.
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Bayan revenue jumps in Q1
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BAYAN Telecommunications Inc. said revenue jumped by a fifth in the
first quarter this year, boosted by its wireless landline business.
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First Holdings pushes back listing
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First Philippine Holdings Corp. will push back its preferred share
offering and listing date to give auditors more time to review its
financial statements two years prior, the company announced Friday.
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Microsoft set to increase market share in RP
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Nasdaq-listed Microsoft Corp. will increase its market share in the
Philippines by tapping the small- and medium-enterprises and the
business process outsourcing companies here, Nicky Eala, the
company’s server business group lead, told The Manila Times in an
interview Thursday.
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Ayala Life profits more than triple
on increased bancassurance
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Ayala life Assurance Inc. announced that its audited profits last
year surged, allowing it to contribute significantly to the earnings
of parent Bank of the Philippine Islands.
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Local share prices close lower
on fears of rising inflation
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Philippine share prices closed 0.5 percent lower amid concerns about
rising inflation and the state of the US economy, dealers said.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Need plastic bag?
Pay!
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One thing I like very much here in South Africa is that every time
you buy something in any store, big or small, the cashier would ask
you, “Would you like a bag for that?” and adds, “That would be
20 cents, please.”
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