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Monday, March 17, 2008 |
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BSP incurs deficit on dollar’s defense
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Public sector
registers surplus
for a second straight year
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THE Philippine public sector registered a
surplus for the second time in more than 11 years, as revenues
outstripped expenditures last year.
This means that the country’s public agencies
as a whole required less borrowing, thus easing the pressure on
interest rates, which have dipped to record lows in recent months.
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 Full
Story>>
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Analysts expect bargain
hunting ahead in stocks
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BARGAIN hunting may push Philippine share prices higher this week
after several days on a downturn, dealers said last Friday.
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Shell may shelve refinery upgrade
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DAYS after the world’s largest oil producer
said it will sell its entire stake in the Philippines’ largest
refiner, a rival said it may shelve its own plan to upgrade its
refinery.
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Asian prospects weighed down
by oil, food prices, weak US
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SINGAPORE: Runaway oil prices, rocketing food costs and a feeble US
economy will hurt Asia-Pacific economic growth prospects this year
and create social problems especially among the poor, analysts said.
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Story>>
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Bangko Sentral seen cutting
overnight rates in second half
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THE Bangko Sentral ng Pilipinas (BSP) will resume cutting its key
interest rates in the second semester, UBS Investment Research said.
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Freeport zone requests extra power supply
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Samsung Electronics to
invest in Clark big time
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STATE-RUN Clark Development Corp. (CDC) wants
additional power capacity at the Clark Freeport Zone by November
this year to supply the requirements of Samsung Electronics, which
is slated to invest billions of dollars in the Philippines.
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RP sets air negotiations with Japan, Macau
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THE Philippines has set bilateral air talks with the governments of
Japan and Macau to serve the rising number of overseas Filipino
workers (OFWs) and of tourists visiting the country, the Civil
Aeronautics Board (CAB) said.
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PLDT earnings outlook bright in Q1
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PHILIPPINE Long Distance Telephone Co. (PLDT)
expects “better” profits this quarter from a year ago, the
chairman of the country’s leading telecom company said Friday.
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Property developers appeal BOI decision
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PROPERTY developers want the Board of Investments (BOI) to
reconsider mass housing as one of the preferred sectors under this
year’s Investments Priorities Plan (IPP).
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SEC to ask PSE to review listing rules
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THE Securities and Exchange Commission (SEC) will ask the Philippine
Stock Exchange (PSE) to review some of its rules on “chain”
listing, “backdoor” listing, and on those listed companies that
frequently change their primary business purpose only to revert back
to their old focus.
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No new supply contracts
on the horizon–Meralco
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DESPITE the presence of new power generating companies (gencos), the
Manila Electric Co. (Meralco) is unikely to enter into additional
supply contracts in the near future.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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SMED: Smart managers
could be erratically dumb
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SO THERE I WAS, sitting pretty in one black leatherette chair at
Bench Hair Salon, when suddenly an effeminate hair stylist leaped to
his feet and started touching my dyed-beaten hair.
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Story>>
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