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Monday, April 21, 2008 |
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SPECIAL
REPORT
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Shift due to tight rivalry on foreign front, costly
fuel
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Local airlines turn back home
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LOCAL airlines are turning to domestic routes to
hedge against tight competition in foreign destinations and record
jet fuel costs.
Last week, Philippine Airlines (PAL) unveiled
its new low-cost unit, which will fly mainly to the country’s
smaller islands, or the so-called missionary routes that the flag
carrier had abandoned when it entered into corporate rehabilitation.
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 Full
Story>>
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RP expected to sustain growth
in first quarter–BSP official
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DESPITE high inflation, the country’s economic
growth will be sustained in the first quarter, a source from the
Bangko Sentral ng Pilipinas (BSP) said.
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Full
Story>>
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Benpres profit up on asset sales, investments
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BENPRES Holdings Corp. told the Philippine Stock
Exchange that its profit last year grew on the back of higher
revenues derived from its investments from subsidiaries and asset
sales.
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Full
Story>>
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Petron to import ethanol to
comply with mandated blend
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The Philippines’ biggest oil refiner may have
to import its ethanol requirements to meet a mandated blend of the
alternative fuel next year due to delays in the construction of its
domestic supplier’s facilities.
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Full
Story>>
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Biomass power producer in Isabela
secures tax perks from BOI
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FAMILY Choice Grains Processing Center Inc., a major flour miller in
Luzon, has bagged tax incentives and other perks from the Board of
Investments (BOI) for its biomass congeneration power plant in
Isabela.
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Full
Story>>
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DOF wants BOI’s incentive-giving
function checked
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THE Department of Finance will insist on its
representation in the Board of Investments (BOI) to safeguard
against the incentive-giving agency’s indiscriminate grant of tax
perks to investors.
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Full
Story>>
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Tarlac-La Union highway builders tap
private funding to start construction
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THE consortium that won the 35-year concession
to build and operate the Tarlac-La Union Toll Expressway is seeking
private financing for the 88-kilometer highway that would link
Metro Manila to the northern parts of Luzon.
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Full
Story>>
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Allowing
non-telcos to offer SMS service may lower prices
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THE National Telecommunications Commission (NTC) said allowing value
added service (VAS) providers to offer text messaging services could
lower prices.
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Full
Story>>
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Quezon Power credit rating stays
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QUEZON power (Philippines) Ltd. Co.’s plan to put up a new
coal-fired power plant will have no impact on its credit rating as
project negotiations are still in the initial stage, Standard &
Poor’s Ratings Services said.
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Full
Story>>
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Basic Energy eyes oil,
coal business in Indonesia
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BASIC Energy Corp. told the Philippine Stock Exchange and the
Securities and Exchange Commission that it plans to diversify by
acquiring interests in oil and gas operations abroad and by entering
the coal mining and trading business.
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Full
Story>>
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AUB to step up lending to govt infra projects
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ASIA United Bank (AUB) is boosting its corporate lending business as
more government infrastructure projects are expected in North Luzon.
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Full
Story>>
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