|
|
|
Thursday, January 17, 2008 |
|
|
|
OFW remittances, foreign investments boost inflows
|
|
RP’s net dollar
earnings
hit fresh record in 2007
|
|
By Chino S. Leyco Reporter
BUOYED by strong remittances of
overseas Filipino workers (OFWs) and foreign investments, the
country’s dollar surplus last year hit a fresh record, the Bangko
Sentral ng Pilipinas (BSP) said Wednesday.
BSP Gov. Amando M. Tetangco Jr.
said the country’s balance of payments (BOP) last December hit a
surplus of $784 million, reversing the prior month’s deficit of
$67 million. This brought the full-year external payments position
to a surplus of $8.6 billion, higher than the central bank’s
forecast for 2007.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
NTC plans new levy
on telcos’ access codes
|
|
IN A bid to increase its revenues, the National
Telecommunications Commission (NTC) wants to impose fees on access
and exchange codes used by telecom companies.
|
|
Full
Story>>
|
|
|
|
|
Customs lobbies
for lower collection
goal, cites rapid peso appreciation
|
|
THE Bureau of Customs said Wednesday its target for
this year should have been lower than the actual collection last
year due to a lower emerging foreign exchange (forex) rate.
|
|
Full
Story>>
|
|
|
|
|
Business group
pushes higher
taxes on sin products, text messaging
|
|
THE Philippine Chamber of Commerce and Industry (PCCI)
wants the government to slap higher taxes on sin products and levy
text messaging, a favorite Filipino past-time.
|
|
Full
Story>>
|
|
|
|
|
Stock market
sharply lower on fears of US recession
|
|
LOCAL share prices closed sharply lower Wednesday on
heightened fears the United States could sink into recession,
dealers said.
|
|
Full
Story>>
|
|
|
|
|
ePerformax eyes
call center acquisitions
|
|
ePerformax International, a business process
outsourcing (BPO) firm that is set to sell shares for the first time
to the public, said it is eyeing possible acquisitions to support
its growth.
|
|
Full
Story>>
|
|
|
|
|
Metrobank sells
bad assets to Orix group of Japan
|
|
The country’s largest lender announced on Wednesday
that it sold a huge amount of bad loans last year to a Japanese
special purpose vehicle (SPV).
|
|
Full
Story>>
|
|
|
|
|
Export-Import Bank
receives fresh
capital, sets sights on niche markets
|
|
AFTER clearing its books of bad assets, Export and
Industry Bank Inc. (EIB) shifted to high gear its capital
restructuring with the recent injection of fresh capital from its
partners.
|
|
Full
Story>>
|
|
|
|
|
ABS-CBN seeks
regulatory nod
for shift of Studio 23 to digital platform
|
|
ABS-CBN Broadcasting Corp. plans to convert its
Channel 23 to digital terrestrial televisions (DT-T) as NTC moves to
mandate the transition of all analog TV to digital TV.
|
|
Full
Story>>
|
|
|
|
|
State home
guarantees increased last year
|
|
STATE-RUN Home Guaranty Corp. (HGC) said Wednesday
that outstanding guarantees for housing projects last year grew.
|
|
Full
Story>>
|
|
|
|
|
PNOC-AFC brushes
aside jatropha risk to food supply
|
|
The food versus fuel debate hounding the biofuels
industry’s jathropa plantation is a nonissue as the government’s
drive to develop the biofuel source is anchored on the utilization
of idle lands,...
|
|
Full
Story>>
|
|
|
|
|
World oil prices
dip anew in Asian afternoon trade
|
|
SINGAPORE: World oil prices continued lower in Asia
on Wednesday after US President George W. Bush urged producers to
take action over “very high” prices, traders said.
|
|
Full
Story>>
|
|
|
|
|
Banks’
writedowns, recession fears in US rattle Asian stocks
|
|
TOKYO: Fears of a US recession rattled Asian stocks
Wednesday, with markets falling on news of heavy writedowns in the
US banking sector amid hopes for a fresh interest rate cut, dealers
said.
|
|
Full
Story>>
|
|
|
|
|
BIZZ FIZZ
By Rene Martel
|
|
Losing chopper
bidder is up the pole!
|
|
THE Filipino political malady of losers in electoral
battles invariably claiming that they never lost but were merely
cheated out of victory seems now to have crossed over to bidding
processes in the business arena...
|
|
Full
Story>>
|
|
|
|
|
|
| |
