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Wednesday, February 20, 2008 |
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Sin tax collections miss target
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Standard & Poor’s forecasts
balanced budget by year-end
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ONE of three major foreign credit-rating
companies expects the Philippine government to balance its budget
this year.
Agost Benard, Standard & Poor’s Ratings
Services associate director, said that aside from a balanced-budget,
the rating firm wants to see a sustainable improvement in the
country’s fiscal position.
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Strong peso, weak imports cited as
reasons for Customs’ collection dip
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A STRONG peso and weak imports topped the reasons why the Bureau of
Customs failed to hit its collection target last year.
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Seven to bid for LRT North extension
project
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STATE-RUN Light Rail Transit Authority (LRTA) on
Tuesday said seven construction companies have been qualified for
the construction of a multibillion-peso rail system from North
Avenue in Quezon City to Monumento, Caloocan City.
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Local share prices close
higher on bargain-hunting
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LOCAL share prices closed higher in subdued trade Tuesday as
investors wary about domestic political issues sought out bargains
after a three-day slide, dealers said.
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US entertainment firm set
to invest in Philippines
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A US-BASED entertainment company is set to
invest in the Philippines, opening a unit in Manila to take
advantage of the growing pool of high quality local talent.
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RP sets minimum sale price for debt-exchange
warrants
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THE Philippines has set the minimum price on the sale of its
warrants, which allow holders of government’s foreign-currency
denominated debt papers, also called ROP (Republic of the
Philippines) bonds, to convert these into peso-denominated IOUs in
case of default.
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ADB endorses loan to
buy Masinloc power plant
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THE Asian Development Bank has endorsed to its
board the loan proposed by Masinloc Power Partners Co. Ltd. to pay
the government for the acquisition of the Masinloc power plant in
Zambales.
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Thrift banks want SEC to
delay rule on OTC market
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Following the extension of the Securities and Exchange Commission
deadline on complying with the rules on over-the-counter (OTC)
market, thrift banks now seek a deferment of the regulator’s
notice as this could negatively affect retail investments on
government bonds and other securities.
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Lepanto Mining
poised to sell more shares to settle debts
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LEPANTO Consolidated Mining Co. plans to raise
over a billion pesos to settle its debts.
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Semirara buys into mining,
power generating affiliates
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THE Philippines’ largest coal producer has bought into its mining
and power generation affiliates.
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IPVG to acquire stake in
mobile content provider
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AFTER its failed bid to acquire US-based People Support, IPVG Corp.
announced on Tuesday that it would buy into a local mobile
technology provider and content developer as a vehicle for its entry
into the mobile industry.
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MANAGING
FOR SOCIETY
By Miriam Tan-Fabian
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Gifted children: A
country’s wealth
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(Continued from last week)
Let us emphasize though that gifted children
shouldn’t be thought of as merely a human resource, as if like
objects, we can use them and dispose of them once they are no longer
useful.
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