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Wednesday, January 16, 2008 |
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Amid market volatility caused by US concerns
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Firms reconsider planned
capital-raising activities
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AMID volatile financial markets, companies are
reevaluating their strategies for raising capital.On Tuesday, two
companies told the Philippine Stock Exchange (PSE) that they would
be pushing back plans of selling shares due to the unfavorable
market conditions.
Fil-Estate Land Inc. (FELI) disclosed to the
local bourse that it would push back its stock rights offering to
February 11 to 18. The share sale had been planned from January 25
to February 1.
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Bank lending expands in November
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BANK lending growth in November remained in the single-digit
territory, with borrowings made by the agriculture, fisheries,
forestry and manufacturing sectors still stagnant, according to the
Bangko Sentral ng Pilipinas (BSP).
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No rush to borrow abroad, says DOF
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THE government said Tuesday that it is in no rush to borrow abroad
despite securing the green light from the Bangko Sentral ng
Pilipinas (BSP) last week.
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Stock market heads south
on continuing US woes
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LOCAL share prices closed lower on Tuesday due to continuing
concerns over the weakness of the United States economy, dealers
said.
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Economic slowdown seen
this year on strong peso
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THE Philippine economy is likely to slow down
this year due to the unabated strengthening of the peso,
government’s reliance on asset sales to pad up its coffers and
weakening demand abroad, Deutsche Bank said.
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RP ups rank as a free economy,
but remains ‘mostly unfree’
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THE Philippines’ ranking in global economic
freedom climbed five notches, but remains “mostly unfree”
because of weak business and investment, a US-based think tank said
Tuesday.
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Record-breaking gold could soon reach
1,000 dollars per ounce–analysts
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LONDON: The price of gold is hitting new record highs owing to the
troubled US economy and a cocktail of other supportive factors,
leading some aanalysts to predict $1,000 per ounce could happen
soon.
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S. Korean probers step up raids on Samsung
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SEOUL: Investigators probing a bribery scandal allegedly involving
South Korea’s largest group Samsung raided the chairman’s
private home, the group headquarters and other facilities on
Tuesday, officials and news reports said.
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Oil prices fall in Asia
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SINGAPORE: World oil prices fell slightly in Asian trade Tuesday
amid tensions in key crude producers Iran and Nigeria that offset
concerns that US oil demand could decline amid economic uncertainty,
traders said.
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Universal Robina
profit jumps on consumer sales
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THE food and beverage unit of JG Summit Holdings
Inc. told the Philippine Stock Exchange that its profit for the
fiscal year 2007 surged as sales of consumer foods, agro-industrial
and commodity products continued to grow.
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Investment pledges last year topped target
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CORPORTATE investment pledges registered with the Board of
Investments (BOI) and the Philippine Economic Zone Authority (PEZA)
jumped by almost a third in 2007, the Department of Trade and
Industry said Tuesday.
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Local biscuits makers to join German expo
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LOCAL biscuits makers will market flavored crackers to Germany, the
Center for International Trade Expositions and Mission (CITEM) said
Tuesday.
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First Gen plans loan to refinance debt
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FIRST GEN CORP. plans to borrow over a billion dollars to refinance
existing loans as well as to fund expansion projects in the
pipeline.
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VIEWS
FROM
A BRIT
By Mike Wooton
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‘The
requirements’ encourage corruption...?
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I wonder who are the people who decide on what the
“requirements” should be ? I suspect that they have little
contact with customers and little interest in business
development...
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