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Tuesday, April 29, 2008 |
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Ongpin group gives up 3G business
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Smart acquires
smaller rivalsd
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By Likha C. Cuevas-Miel Reporter
THE wireless unit of Philippine
Long Distance Telephone Co. (PLDT) has
acquired two firms that own a rival in the 3G (third-generation)
mobile business.
In a disclosure to the Philippine
Stock Exchange, PLDT said Smart Communications Inc. bought the
respective stakes of PH Communications Holdings Corp. and Francom
Holdings Inc. in Connectivity Unlimited Resource Enterprise Inc.
(CURE) for P419.54 million. PH Communications and Francom each hold
a 96.57-percent and 3.43-percent stake in CURE.
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Inflation fears
send stock market to 18-month low
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LOCAL share prices fell to an 18-month low on Monday
amid fears about rising inflation, dealers said.
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Govt fails to
secure short-term borrowing
as investors seek higher yields
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THE government again failed to secure one-year
borrowings through its regular auction of Treasury bills with that
maturity, as banks kept on asking for higher yields in light of
rising prices.
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BCDA bids out
choice lots
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THE Net Group has won the right to develop the
Expanded Big Delta Lots, formerly known as the Government Center for
Investment Lots, at the Bonifacio Global City,...
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GMA 7 sees
tempered growth in first quarters
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GMA Network Inc. told the Philippine Stock Exchange
on Monday that it sees tempered growth during the first quarter due
to the absence of political advertisements it clinched last year and
the early onset of Holy Week...
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Sweetener attached
to Tiwi-MakBan geothermal plant
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THE government has boosted its bid to privatize the
first geothermal power plant in its hold, the Tiwi-MakBan facility,
with the sweetening assurance to buy more than half of its capacity
once it is sold.
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Aboitiz Power’s
end-March profit up
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ABOITIZ Power Corp.’s profits more than doubled in
the first quarter year on year as sales from the company’s
acquisitions continue to kick in.
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Seaport operator
bags perks
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RIZHAO Development Corp. has bagged tax incentives
and other perks from the Board of Investments (BOI) for its
rehabilitation project in the province of Zambales.
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China Bank,
Saudi’s biggest lender tie up for OFW business
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CHINA Banking Corp. (China Bank) has partnered with
Saudi Arabia’s
largest lender for the expansion of its remittance business.
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ICTSI to run
Mindanao Container Terminal
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INTERNATIONAL Container Terminal Services Inc. (ICTSI)
told the Philippine Stock Exchange that it recently signed a
contract with the Phividec Industrial Authority to run the Mindanao
Container Terminal (MCT).
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MANAGING FOR SOCIETY
By Evelio G. Echavez
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Management
development program II
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Business organizations have shifted their strategy
from relying too much on factors in the past that provided them with
competitive advantage, such as the use of technology and patents,...
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