|
|
|
Thursday, June 26, 2008 |
|
|
|
Trade balance still in deficit
|
|
Import bill dips in April,
but remains at double-digit level
|
|
Philippine import bill dipped from previous
month but remained in double-digit territory as the country bought
more oil and food products abroad in April, the National Statistics
Office (NSO) reported Wednesday.
The NSO said imports grew 11.8 percent in April
to $4.855 billion from $4.343 billion in the same period last year.
In March, imports were up 12.1 percent to $5.12 billion.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Treasury to resume benchmark IOU offering
despite prospect of rising domestic interest rates
|
|
THE national government is set to resume
issuance of short-term debt papers starting next month despite
Finance’s projection of rising domestic interest rates given the
skyrocketing commodity prices.
|
|
Full
Story>>
|
|
|
|
|
Major manufacturing sectors
raise production in April
|
|
FACTORY output recovered in April as manufacturers, particularly
makers of footwear and wearing apparel, increased production
capacity in preparation for the start of school year, the National
Statistics Office (NSO) reported Wednesday.
|
|
Full
Story>>
|
|
|
|
|
Monetary Board approves
loan from OPEC Fund
|
|
The Monetary Board has approved in principle the
proposed agricultural loan from international organizations to
support farm projects in the Cordillera region, according to Bangko
Sentral ng Pilipinas (BSP).
|
|
Full
Story>>
|
|
|
|
|
Bidding for state-owned
power plants reset anew
|
|
The privatization of the government’s power
plants sputtered anew after a two-year takeoff as the Power Sector
Assets and Liabilities Management Corp. (Psalm) again rescheduled
the bidding of other state-owned plants.
|
|
Full
Story>>
|
|
|
|
|
Asean power firms assail govts
|
|
The heads of the region’s power firms called
on their respective governments to relax their grip on electricity
rates to ensure adequate power supply amid the soaring price of fuel
in the world market.
|
|
Full
Story>>
|
|
|
|
|
Philodrill expects profits
to soar, boosted by Galoc
|
|
Petroleum exploration and development firm Philodrill Corp. expects
profits to skyrocket this year after revenues from the Galoc oil
field starts to pour in.
|
|
Full
Story>>
|
|
|
|
|
Philex set to acquire mining firm this year
|
|
Philex Mining Corp. is “open to the acquisition of significant
participation in other mining companies…as soon as possible”
this year to extend its life as a mining company after 2014,
chairman and chief executive, Walter W. Brown, told its
shareholders.
|
|
Full
Story>>
|
|
|
|
|
Geograce, Vale unit sign deal
for Masbate mine exploration
|
|
Geograce Resources Philippines Inc. has tied up with a South
American mining firm through its local unit for the development of
its mining tenements in Masbate, the publicly listed firm said in a
statement.
|
|
Full
Story>>
|
|
|
|
|
RFM paves way for Philtown listing with PSE
|
|
RFM Corp. will divest a substantial portion of
its stake in Philippine Townships Inc. (Philtown) by declaring a
property dividend to its shareholders, which would make the property
unit a publicly held company, the company announced Wednesday.
|
|
Full
Story>>
|
|
|
|
|
FDI pledges flood Subic Freeport Jan. to May
|
|
Total investment pledges at the Subic Freeport increased by more
than a half in the first five months compared with the same period
last year, the Subic Bay Metropolitan Authority (SBMA) top official
said Wednesday.
|
|
Full
Story>>
|
|
|
|
|
NTC seeks fair play in new circular
|
|
THE National Telecommunications Commission (NTC) plans to issue a
circular mandating building developers to allow two or more
telecommunication companies to serve their tenants in a bid to
promote competition.
|
|
Full
Story>>
|
|
|
|
|
Oil prices ease ahead of US report
|
|
SINGAPORE: Oil prices eased in Asian trade Wednesday ahead of a
weekly report on US energy stockpiles and after OPEC’s president
rebuffed calls for the cartel to boost output.
|
|
Full
Story>>
|
|
|
|
|
BIZZ
FIZZ
By Rene Martel
|
|
Subsidies for poor will boost tax collection
|
|
CONTRARY to what some politicians (mostly from the opposition) are
sounding out, a top official of the Bureau of Internal Revenue (BIR)
and a noted economist feels the subsidies being provided by
government for low- and middle-income families are actually good for
the country and could even boost the economy.
|
|
Full
Story>>
|
|
|
|
|
|
| |
