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Thursday, June 19, 2008 |
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Budget surplus higher in May
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THE national government earned more last month
not because it spent less but that tax collection had been robust,
the Department of Finance said Wednesday.
The budget surplus in May was up by P7 billion,
five-fold higher than the P1.7-billion deficit in the same period
last year and slashing the first four-month deficit to P 18.8
billion.
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Oil prices rise as traders
await key US energy report
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LONDON: Oil prices climbed on Wednesday after nearly hitting $140
per barrel earlier this week, as traders awaited a key US energy
report and mulled a possible output increase by Saudi Arabia.
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NFA to borrow more money
to buy more rice, DFA says
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STATE-RUN National Food Authority (NFA) will borrow anew this year
to support its rice- buying activities amid the commodity’s rising
price in the local and international markets, the Department of
Finance said Wednesday.
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MRT 7 finally under way after seven years
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AFTER seven years, Universal LRT Corp. (ULC), a
consortium which proposes to undertake the multibillion-dollar Metro
Rail Transit project (MRT 7), and the government finally signed on
Wednesday a contract agreement to build the railway system and
develop the project’s real-estate and commercial component.
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Bangko Sentral chides IMF
for assessment inconsistency
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Bangko Sentral ng Pilipinas (BSP) said
international organizations should be consistent with their policy
assessment of rising inflation in member countries.
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PRCI majority stockholders ignore TRO
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The majority of the Philippine Racing Club Inc. (PRCI) stockholders decided to push through with their annual
meeting on Wednesday despite the 72-hour temporary restraining order
(TRO) issued by the Makati Regional Trial Court.
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First Philec set to serve solar energy industry,
inaugurates wafer-slicing plant
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First Philec Solar Corp. (FPSC) has inaugurated a wafer-slicing
plant that will provide services to the solar energy industry.
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NAIA Terminal 3 to start trial
operation for domestic flights
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THE Department of Transportation and Communications (DOTC) on
Wednesday said the controversial Terminal 3 of the Ninoy Aquino
International Airport (NAIA) will start trial operation as a port
for domestic flights next month.
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BIZZ
FIZZ
By Rene Martel
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Proud milestone for Philippine
shipping industry
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IT was a proud moment earlier this week at the appropriately chosen
Captain’s Bar of the Mandarin when Herma Shipyard, Inc.—a wholly
Filipino-owned company involved in ship repair and
shipbuilding—unveiled the first Filipino made internationally
classed double hull petroleum tanker, a feat never before achieved
by a local shipbuilding company.
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