|
|
|
Friday, July 25, 2008 |
|
|
|
San Miguel to undertake
corporate-wide restructuring
|
|
SOUTHEAST Asia’s largest food and beverage
conglomerate said Thursday that its stockholders gave the green
light to a corporate-wide restructuring program that would allow its
major subsidiaries to list at the local bourse on their own, sell
more shares to the public, and strike strategic partnerships.
“This will enable each of [our] operating
business to focus more fully on optimizing the underlying potential
of each business, which investors could more easily appreciate,”
Eduardo Cojuangco Jr., San Miguel Corp. chairman and chief executive
officer, said in a statement released during the company’s annual
stockholders’ meeting.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Philippine debt levels safe
in two years, says Finance
|
|
THE Department of Finance said Thursday that it
expects the country’s debt ratio to fall to manageable level in
the next two years.
|
|
Full
Story>>
|
|
|
|
|
Congress mulls removing
Malampaya royalties
|
|
MONTALBAN, Rizal: Congress is set to revisit a
number of bills amending the country’s power sector reform law,
including a proposal to scrap royalties on indigenous energy
sources, to lower Philippine electricity rates, which are the second
highest in Asia next to Japan.
|
|
Full
Story>>
|
|
|
|
|
Local stock market rises
on oil’s slide, peso’s climb
|
|
LOCAL share prices closed up sharply Thursday as oil prices slid and
the peso gained strength, dealers said.
|
|
Full
Story>>
|
|
|
|
|
BIR files tax evasion cases versus holders,
sellers of fake tax credit certificates
|
|
THE Bureau of Internal Revenue has filed Thursday before the
Department of Justice eleven tax evasion cases, in connection with
the fraudulent acquisition and sale of fake tax credit certificates
(TCCs).
|
|
Full
Story>>
|
|
|
|
|
Tranzen to put up string of waste-to-power
facilities in Laguna, Metro Manila
|
|
MONTALBAN, Rizal: Tranzen Group Inc., a local firm headed by
businessman Salvador Zamora 2nd, is set to put up two more methane
gas-fed power plants in the country.
|
|
Full
Story>>
|
|
|
|
|
Meralco to back up ERC bid to trim system
|
|
MANILA Electric Co. (Meralco) said it will not stand in the way of
the Energy Regulatory Commission’s (ERC) quest to lower system
loss caps of electric utilities.
|
|
Full
Story>>
|
|
|
|
|
WTO trade crawl forward,
held down by industrial products
|
|
GENEVA: Crucial World Trade Organization talks inched forward in
overnight talks but rich and poor countries now face a race against
time to resolve their differences to resolve the seven-year round.
|
|
Full
Story>>
|
|
|
|
|
Switzerland condemns
breakaway talks at WTO
|
|
Switzerland’s Economy Minister Doris Leuthard protested on
Thursday against a breakaway meeting of seven leading powers during
crucial WTO trade talks here.
|
|
Full
Story>>
|
|
|
|
|
SkyCable ventures into voice call service
|
|
SKY Cable Inc. has ventured into the telecom
business, with the pay TV operator’s launch of low-cost
international calls over the Internet to tap the growing overseas
Filipino workers’ (OFWs) market.
|
|
Full
Story>>
|
|
|
|
|
PSBank profit declines in first
half on lower treasury gains
|
|
PHIILPPINE Savings (PSBank) said its first-half profit slipped on
year due to the continued decline of its treasury gains.
|
|
Full
Story>>
|
|
|
|
|
Globe seals bank loan to fund capex
|
|
GLOBE Telecom Inc. said on Thursday that it has signed a
multibillion-peso loan facility with a local bank to fund the
company’s capital expenditure this year.
|
|
Full
Story>>
|
|
|
|
|
Sun Cellular market share increases
|
|
THE operator of Sun Cellular said its market share expanded in the
first half this year despite soaring inflation.
|
|
Full
Story>>
|
|
|
|
|
SMB posts modest growth in 1st half
|
|
SAN Miguel Brewery Inc. (SMB) said it enjoyed a single-digit growth
for the first half of the year.
|
|
Full
Story>>
|
|
|
|
|
|
| |
