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Saturday, March 01, 2008 |
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February consumer prices
may have risen faster–BSP
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CONSUMER price increases in February may have
accelerated further due to higher commodity prices, the Bangko
Sentral ng Pilipinas (BSP) said Friday.
BSP Governor Amando M. Tetangco Jr. said average
inflation may range between 4.8 percent and 5.5 percent, from 4.9
percent in January. That month’s pick up in the average was higher
than the December inflation of 3.9 percent and the fastest in 15
months.
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Poll shows stronger peso
may slow BPO expansion
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A POLL of companies in the business process
outsourcing industry and related sectors revealed that further
increases in the value of the peso against the dollar could lessen
the Philippines’ competitiveness and cut back firms’ expansion
plans.
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Mining investments in RP
to surge in two years
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The investments in the local mining industry is
seen to surge within the next two years as several priority projects
would advance into production, the Department of Environment and
Natural Resources announced on Thursday.
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Allied Bank slashes bad loans ratio
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Allied Banking Corp. has lowered the level of its bad loans
following the disposal of a significant amount of its nonperforming
assets in December last year, the bank announced Friday.
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DOF to stop BIR from collecting tax advances
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THE Department of Finance wants the Bureau of Internal Revenue to
stop the practice of collecting taxes in advance as it creates
confusion in recording the transaction.
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Banks’ bad loan ratio at precrisis level in
Dec.
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THE share of bad or nonperforming loans in banks’ total loan
portfolio at end-December eased further to approximate pre-Asian
financial crisis levels, the Bangko Sentral ng Pilipinas said.
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Electricity spot market extends
trial operation in Visayas
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The Philippine Electricity Market Corp. will extend the trial
operations of the Wholesale Electricity Spot Market in the Visayas
as it has yet to secure the Department of Energy’s nod for full
commercial operations in the region.
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RP health spending still below int’l norm
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STATE-SUPPORTED programs may have boosted Filipinos’ health
spending in 2005 from a year earlier, but remain below international
norms, the National Statistical Coordination Board (NSCB) said
Friday.
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SM Prime formally folds in China malls
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The country’s largest mall owner and operator
told the Philippine Stock Exchange on Friday that it has formally
acquired the Sy-owned shopping malls in mainland China.
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FirstGen to unload portion of
shares in Red Vulcan Holdings
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Lopez-controlled FirstGen Corp. plans to sell a portion of its
shares in Red Vulcan Holdings Corp., which controls a majority stake
in the Philippines’ largest geothermal energy producer.
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US electronics firm to expand
equipment repair operations in RP
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Baguio City: Massachusetts-based LTX (Electronics) Corp., an
international designer and manufacturer of semiconductor test
solutions, is expanding its operations here, making the Philippines
its hub for its equipment repairs.
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Gold price hits record
price per ounce in London
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LONDON: The price of gold rose to a record high point of
976.32 dollars per ounce in morning trading here on Friday as the
dollar struck fresh historic lows against the euro, traders said.
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Local stock market closes higher
on bright corporate outlook
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LOCAL share prices closed slightly higher Friday as cautious
optimism over corporate results outweighed domestic political
concerns, dealers said.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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OFWs: Are they really
our heroes?
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Did you know that SPED (Special Education) was authored by one of
the first Mapa High Blue Falcon awardees, Dr. Matilde
Martin-Valdes , and was first conducted in Mapa High School?
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