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Tuesday, June 03, 2008 |
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Central Bank seen to
raise
key rates to curb inflations
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By Maricel E. Burgonio, Reporter
The Bangko Sentral ng Pilipinas
is likely to raise its interest rates before inflation hits peak
level in the third quarter of the year, think-tank group Global
Source said in its monthly report.
Given the recent increases in the
prices of goods, largely triggered by the rising costs of fuel and
escalating food crisis, the report said BSP would likely “raise
interest rates by 25 basis points in the immediate term before the
August-October peak in prices, primarily to signal its seriousness
in fighting inflation.”
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CAB grants local
airlines’ fare, cargo rates hike
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DOMESTIC and international air tickets have risen
anew after the Civil Aeronautics Board granted the request of local
and international airlines that operate in the Philippines for an
additional fuel surcharge in light...
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Govt debt-swap
warrants issued to bondholders
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The government has issued debt exchange warrants as
guarantee to investors in the event of default in some of its
international bonds.
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BIR collection
from large taxpayers lower this year
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The Bureau of International expects lower collection
from large taxpayers this year, according to data obtained from the
agency.
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RP coconut exports
grew double digits
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PHILIPPINES’ export of coconut product in April
achieved double-digit increases, as half of the total shipments were
transferred to Europe, industry data showed Monday.
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Napocor cuts
foreign debts further as
PSALM prepays next tranche of Miyazawa loans
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The Power Sector Assets and Liabilities Management
Corp. (PSALM) has prepaid another tranche of state-owned National
Power Corp.’s yen-denominated loans.
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It’s a go for
wireless landline interconnection
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THE National Telecommunications Commission has given
the go-signal for the mandatory interconnection of wireless landline
(WLL) network providers without access charges within local calling
area in a move to improve...
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PCCI calls for
tariff cut on animal feed inputs
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THE Philippine Chamber of Commerce and Industry (PCCI)
has proposed a temporary reduction of tariffs on the importation of
ingredients for animal feeds amid the global food shortage.
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Alcantaras to
further expand business in power sector
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ALSONS Consolidated Resources, Inc. (ACR) plans to
expand its involvement in energy sector by exploring other biofuel
projects in the next five-years.
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PNB sells entire
stake in life insurance subsidiary
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The Philippine National Bank has sold its entire
stake in Beneficial-PNB Life Insurance Co. Inc. (Benlife) to
concentrate on its bancassurance business, the bank told the
Philippine Stock Exchange on Monday.
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BIZZ FIZZ
By Rene Martel
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Locsin clears air
on Philcomsat
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OUR recent column about the legal maze that is
Philcomsat (once the leading satellite communications entity in the
Philippines) in which we had former Philcomsat Holdings Corp.
chairman but now its vice president....
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MANAGING FOR SOCIETY
By Benito L. Teehankee
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Shareholder
activism and corporate governance
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The ongoing Meralco proxy fight between the Lopez-led
management and Winston Garcia representing GSIS can be a good
thing.Ever willing to be a spectator to a controversy and a good
boxing match,...
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Story>>
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