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Monday, June 30, 2008 |
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ANALYSIS
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Airlines rethink expansion
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THE Philippines’ leading airlines are
rethinking their expansion plans in the face of skyrocketing fuel
prices and a slowdown in the domestic economy.
Around the world, carriers have been shedding
routes and reducing frequencies to cope with record jet fuel costs.
In the US, airlines are exploring possible mergers, while at least
one Asian carrier went belly up a few months ago.
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NTC to trim access, exchange code fees
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THE National Telecommunications Commission (NTC) plans to revise a
circular imposing fees on telephone access and exchange codes in
line with proposals to reduce text and call rates between telecom
service providers.
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Spratlys’ oil, gas deal in limbo
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WITH a day to go before its expiry, state-owned Philippine National
Oil Co. (PNOC) is in a quandary over whether it would push through
the next stage of a tripartite deal with China and Vietnam.
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BSP: Banks’ exposure to US sub prime nil
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THE Bangko Sentral ng Pilipinas (BSP) said the
local banking system has minimal exposure to financial products that
have been responsible for the US sub prime mortgage crisis.
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Govt pushes coal plants
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THE Philippines is pushing for clean coal
technologies such as “bridge fuel” to help avert a power crisis
in the near future.
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Inflation to ease key measure of govt debt
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THE acceleration of consumer prices may be a
boon to the Philippines’ fiscal position, as this would help
improve a key measure of the country’s level of indebtedness,
according to the Department of Finance.
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Foreign-currency loans on the rise
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THE foreign currency deposit units (FCDUs) of
banks issued significantly more loans in the first quarter of the
year amid the peso’s strength.
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Lopez group keen on SCTEx
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FIRST Philippine Holdings Corp. wants a 10-year
contract for the operation and maintenance (O&M) of the
Subic-Clark-Tarlac Expressway (SCTEx), despite lower vehicle traffic
on its initial operations.
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Concrete Aggregates eyes
growth on public projects
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CONCRETE Aggregates Corp. (CAC) expects sales to grow by double
digits on the back of ongoing government infrastructure projects and
the operating lease agreement it signed with a French-Filipino
cement consortium.
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BOI cautioned against double registration
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NEXT to sham mass housing projects, the Department of Finance has
cautioned the Board of Investments (BOI) against double registration
of some businesses located in Freeport zones.
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Roxas Holdings unit taps
Indian firm for ethanol plant
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THE bioethanol subsidiary of Roxas Holdings Inc. (RHI) announced
over the weekend that it has tapped an Indian company to build its
plant in Negros Occidental.
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Alliance Tuna sets sights on
Indochina region for acquisitions
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ALLIANCE Tuna International Inc. (ATII) is eyeing possible
acquisitions in countries within the Indochina region to allow it to
double its size and diversify its product line in the next few
years.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Groupthink: Unity for
the wrong reason
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IF you’ve been part of a team, either from the corporate world or
your common barangay (village), you’ll never forget the experience
of being in the middle of death-defying debates between political
lunatics and nincompoops.
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