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Monday, February 11, 2008 |
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Balanced budget seen more
crucial than stimulus plan
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COMPLACENCY, not a possible US recession, is the
biggest threat for the Philippine economy, according to the
Institute of International Finance (IIF).
Greg Fager, IIF Asia-Pacific director, said its
recent economic expansion would allow the Philippines to weather a
slowdown in the US. The world’s global association of financial
institutions expects the Philippines will sustain its growth
momentum this year.
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Exporter to brave market gloom
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DESPITE lingering volatility, a company that
supplies the Philippines’ largest supermarket chain and exports
fresh and processed fruits and vegetables is braving the market and
plans to sell shares to the public this year to raise funds for
expansion and brand acquisition.
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NEDA approves road project
in Arroyo bailiwick
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THE Cabinet Committee of the National Economic
and Development Authority (NEDA-Cabcom) has approved a
multibillion-peso worth project that would expand a road that cuts
through President Arroyo’s provincial bailiwick.
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3G failure blamed on weak demand
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THE National Telecommunications Commission (NTC)
said the Philippines’ 3G (third generation) technology
infrastructure roll out has been at a snail’s pace because of weak
consumer demand.
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SM Prime profit up on rentals, new malls
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THE Philippines’ largest mall owner and
operator said last year’s profits went up
on the back of higher mall space rentals as it added three new malls
and expanded existing ones under its helm.
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Maynilad officially exits from rehabilitation
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MAYNILAD Water Services Inc. said a local court officially gave it
the green light to exit from rehabilitation, confirming an earlier
Manila Times report.
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Bronzeoak unit to expand
local ethanol business
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BRONZEOAK Philippines Inc. is looking at putting up two more ethanol
plants in the country as the company preps up for the implementation
of the mandated blending of the alternative fuel next year.
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PSE taps foreign groups
to resolve ownership issue
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TWO foreign financial services firms will present proposals before
the Philippine Stock Exchange (PSE) board in the coming days
providing for a broader ownership base of the local bourse.
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SBMA to relocate importers,
auctioneers of used cars
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THE Subic Bay Metropolitan Authority (SBMA) will relocate
auctioneers and importers of used motor vehicles to accommodate a
Dubai-based economic zone operator.
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As US recession looms, analysts debate severity
of latest economic downturn
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WASHINGTON: As the grim notion of recession appears to be taking
hold in the United States, debate among economists is shifting from
whether a downturn will occur to how long and how severe the slump
will be.
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Philippine shares expected
to mark time this week
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LOCAL share prices are expected to mark time this week as investors
await fresh economic data from the United States, which is courting
a recession, dealers said.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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X-Teams: The joy of
parenting
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WHEW! I AM terribly exhausted, both physically and emotionally. And
I will tell you why. I have been the family driver for my one and
only daughter—Rachel. This continues to be my wrinkle in this
wonderful field of parenting.
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