|
|
|
Thursday, June 12, 2008 |
|
|
|
Foreign investors
dump RP
|
|
By: Likha C. Cuevas-Miel Reporter
AMID widening risk aversion,
foreign investors have pulled their money out of the local stock
market in the first five months this year, reversing last year’s
exuberant buying of shares of listed companies.
Based on data from the Philippine
Stock Exchange, foreign money fled the country as shown by the
P18.8-billion worth of net foreign selling from January to May. This
was a huge turnaround from the P46.56 billion in net foreign buying
during the same period last year.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
McDonalds drops
local share sale
|
|
THE Philippine master franchise holder of
McDonald’s said it has abandoned a plan to sell shares for the
first time to the public this year.
|
|
Full
Story>>
|
|
|
|
|
Cebu Pacific to
absorb fuel, insurance
charges amid cut in its domestic fares
|
|
AMID tighter competition brought on by rising jet
fuel prices and a slowing economy, Cebu Pacific on Wednesday
announced a hefty cut in domestic passenger fares, as the budget
carrier said it would subsidize fuel ...
|
|
Full
Story>>
|
|
|
|
|
Govt still expects
lower budget gap this year
|
|
AFTER Philippine economic managers put off a plan to
balance the budget this year, the Department of Finance said
Wednesday that the programmed fiscal gap can still be narrowed by
almost half.
|
|
Full
Story>>
|
|
|
|
|
BSP seen to ease
tightening bias in Q2
|
|
THE Bangko Sentral ng Pilipinas (BSP) is likely to
ease up on its tight monetary policy in the second half of the year,
according to a securities firm.
|
|
Full
Story>>
|
|
|
|
|
Oil costs will
push some Asian airlines under, analysts say
|
|
SINGAPORE: Record-high oil prices have sparked the
biggest crisis in the Asian airline industry since the severe acute
respiratory syndrome (SARS) scare,...
|
|
Full
Story>>
|
|
|
|
|
Customs exceeds
last month’s collection target
|
|
THE Bureau of Customs has benefited from higher oil
prices after it exceeded its collection goal for last month.
|
|
Full
Story>>
|
|
|
|
|
G8 finance chiefs
to tackle soaring oil, food prices
|
|
TOKYO: Finance ministers from the Group of Eight rich
nations will discuss this weekend ways to limit the economic damage
of soaring oil prices that have eclipsed the credit crisis as their
biggest worry.
|
|
Full
Story>>
|
|
|
|
|
Dollar mixed vs.
Asian currencies on signs of Fed rate hike
|
|
TOKYO: The dollar was mixed against other major
currencies in Asian trade on Wednesday amid growing speculation that
the US Federal Reserve may hike interest rates to fight inflation,
dealers said.
|
|
Full
Story>>
|
|
|
|
|
Economic
fundamentals blamed for oil price spikes
|
|
LONDON: Economic fundamentals, and not financial
market speculation, are responsible for the dramatic rise in the
price of oil, with more investment needed in the energy sector,...
|
|
Full
Story>>
|
|
|
|
|
Ayala unit buys
US-based litigation support firm
|
|
THE knowledge process outsourcing (KPO) arm of the
Ayala group announced on Wednesday that it bought a US-based
litigation support and electronic data discovery company...
|
|
Full
Story>>
|
|
|
|
|
PLDT plans to
exit from SkyCable
|
|
PHILIPPINE Long Distance Telephone Co. (PLDT) through
its unit MediaQuest Holdings Inc. plans to sell its entire stake in
the country’s largest cable TV company, its chairman said.
|
|
Full
Story>>
|
|
|
|
|
EDC to form
subsidiaries for expansion
|
|
ENERGY Development Corp. (EDC), a former unit of
state-owned Philippine National Oil Co. (PNOC), is planning to put
up several subsidiaries for its planned expansion.
|
|
Full
Story>>
|
|
|
|
|
BSP clears
Toyota’s foray into quasi-banking
|
|
TOYOTA Financial Services Philippines Corp. has
secured regulatory approval for its venture into quasi-banking,
allowing the company to raise funds from the public for re-lending.
|
|
Full
Story>>
|
|
|
|
|
|
| |
