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Saturday, January 26, 2008 |
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Electronics, oil purchases rise
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Imports grow for sixth months
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PHILIPPINE imports grew for a sixth consecutive
in November owing to higher purchases of electronic and oil
products, the government said Friday.
The National Statistics Office (NSO) reported
that imports that month went up by 12.7 percent to $5.084 billion
from $4.510 billion in November 2006.
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NEDA raises 2007 growth estimate
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THE National Economic and Development Authority (NEDA) on Friday
said the Philippine economy likely grew at a faster pace last year
boosted by the services and industry sectors.
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Factory output remains sluggish
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FACTORY output remained sluggish in November as manufacturers of
textiles, footwear and wearing apparel recorded weak production, the
National Statistics Office (NSO) said Friday.
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Moody’s lifts outlook on RP
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IN line with its upgrade for the Philippine
government, Moody’s Investors Service said it has also lifted its
outlook on eight local banks, a food and beverage firm and a
state-owned power company from stable to positive.
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Bangko Sentral eases bank
lending to property sector
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THE Monetary Board has relaxed the limits on
bank exposure to the real-estate industry, the Bangko Sentral ng
Pilipinas said Friday.
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Education plans post biggest fall as
preneed sales contract in Nov.
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PRENEED sales again contracted in November, with
educational plans suffering from the biggest fall, according to the
Securities and Exchange Commission (SEC).
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Kepco power plant eyes
Indonesian coal supply
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THREE Indonesian firms have expressed interest in supplying fuel to
Korea Electric Power Corp. (Kepco) and SPC Power Corp.’s (Salcon)
proposed coal-fired power plant in Cebu.
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Foreign firms to expand operations–BOI
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FOREIGN firms operating in the country plan to expand, the Board of
Investments (BOI) said Friday.
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Doubling of pork supply expected this year
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THE South Cotabato Swine Producers Association (Socospa) is
projecting a doubling of frozen pork meat supply in Metro Manila
this year, after sales last year jumped.
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GSIS to dump investments
in properties, stocks, bonds
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STATE-RUN Government Service Insurance System GSIS) plans to invest
heavily in fixed income, equities and properties in the Philippines
and offshore.
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Rural, coop banks improve bad loan ratio
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RURAL and cooperative banks registered an improvement in their
combined nonperforming loan ratio at end-September, the Bangko
Sentral ng Pilipinas (BSP) said Friday.
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Stock market, peso up as Wall St. gains
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LOCAL share prices closed sharply higher on Friday, as a solid
upturn on Wall Street overnight encouraged local bargain-hunters,
dealers said.
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Microsoft profits soar on
multibillion-dollar revenue
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SAN FRANCISCO: Microsoft reported its profits surged 81 percent on
record-high revenues of $16.37 billion in the last three months of
2007 due to intense demand for computer software.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Can we ever do
better?
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Finland has a population of 5.2 million only, but was able to
produce the all-time best selling Nokia phones, among others.
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