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Tuesday, January 15, 2008 |
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Goverment sets new price triggers
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Relief from costly
oil seen next month
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By Chino S. Leyco Reporter
THE Department of Finance said it
may likely cut the tariff on petroleum products to a percent next
month based on the new trigger prices released Monday.
Finance Secretary Margarito B.
Teves said the reduction in the tariff on oil could be implemented
by February, adding the reduction in the pump price of diesel could
amount to at least P0.50 centavos per liter.
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Government sees
more manageable debt this year
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THE Philippines’ outstanding debt is projected to
rise this year even as the peso continues to appreciate against the
dollar.
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ADB to extend
loans to winning power-sector bidders
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THE Asian Development Bank (ADB) may extend loans to
winning bidders of the government’s big-ticket power sector
assets.
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RP, Korea sign
multiyear loan agreement
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MANILA and Seoul have signed a loan agreement for the
years 2007 to 2009 to fund priority infrastructure projects, the
National Economic and Development Authority (NEDA) said.
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US concerns pull
down domestic share prices
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LOCAL share prices closed lower Monday, snapping a
two-day gain, with sentiment weighed down by concerns over a shaky
US economy, dealers said.
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Philip Morris to
expand RP operation,
confirms Subic as storage hub
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SUBIC Bay Freeport: Philip Morris International
pushed through with its plan to locate its regional warehouse in the
Philippines, adding it would expand operations in the country next
year.
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Regulator approves
fourth electricity retailer license
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The Energy Regulatory Commission (ERC) granted a
retail electricity supplier license to GNPower Mariveles Coal Plant
Ltd. Co. (GMCP), allowing the power generator to market its
electricity to consumers...
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GSIS eyes
double-digit growth, more investments abroad
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STATE-RUN Government Service Insurance System (GSIS)
said it is looking at a double-digit growth this year on revenues
from investments in the domestic and foreign markets.
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Robinsons Land
launches residential
subdivision straddling two villages in Cebu
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The real-estate arm of JG Summit Holdings, Inc.
announced on Monday the launching of its new horizontal residential
project in Cebu.
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Pacifica to raise
capital through additional share sale this year
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THE mining arm of the Romero family will raise
capital through a possible follow-on offering or stock rights
offering to allow it to acquire more mining tenements in Luzon and
Mindanao.
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MANAGING
FOR SOCIETY
By Evelio G. Echavez
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Global warming:
Its significance to us
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In the last decade or so, the subject of global
warming has become a major topic of discussion. The
Intergovernmental Panel on Climate Change (IPCC), a scientific body
that was established by two UN organizations...
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BIZZ FIZZ
By Rene Martel
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Young business
activist headed for Davos
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YOUNG entrepreneur and business activist (yes,
people, not all activists wave the red banner!) Jason Gavina—a
19-year-old student from the University of the Philippines in Los Baños...
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