|
|
|
Wednesday, March 26, 2008 |
|
|
|
Four firms pressed to realign
share-sale proceeds, PSE says
|
|
THE Philippine Stock Exchange (PSE)
disclosed that four listed companies have realigned the proceeds of
their capital raising activities to purposes that were different
from what they had disclosed in their respective prospectus.
In a memorandum, the PSE announced that firms
that have conducted initial public offerings (IPO), follow-on
offerings and stock rights offerings in 2006 to 2007 were required
to submit detailed reports on where the proceeds from their
respective capital-raising activities went.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Low interest-rate regime to benefit insurance
sector; peso seen to sustain strength
|
|
The insurance industry is expected to gain from low interest-rate
environment, which would increase consumer appetite for insurance
products and encourage diversification of investments to other
currencies, said the head of the Philippine American Life and
General Insurance Co. (Philamlife).
|
|
Full
Story>>
|
|
|
|
|
DBCC set to reduce
BIR, Customs collection goals
|
|
The government is eyeing to reduce the revenue
targets of the Bureaus of Internal Revenue (BIR) and of Customs this
year due to high oil prices and a strong peso, a source from the
Development and Budget Coordinating Committee (DBCC) said.
|
|
Full
Story>>
|
|
|
|
|
Napocor signs multibillion-peso
coal supply deals
|
|
Amid the skyrocketing price of coal in the world
market, state-owned National Power Corp. has awarded
multibillion-peso worth of contracts to ensure fuel supply for the
country’s coal-fired power plants this year.
|
|
Full
Story>>
|
|
|
|
|
Govt to develop
Subic-Clark corridor into economic hub
|
|
THE government will craft a long-term masterplan to develop the
areas in the Subic-Clark-Tarlac Expressway (SCTEX) into an economic
hub, a high-ranking official of the National Economic and
Development Authority said.
|
|
Full
Story>>
|
|
|
|
|
PhilNaRe posts record income
on investments, underwriting
|
|
The National Reinsurance Corp. of the Philippines more than doubled
its net income year-on-year owing to its underwriting business and
investments, the company announced Tuesday.
|
|
Full
Story>>
|
|
|
|
|
RP banks’ credit risk on
the rise, says Moody’s
|
|
Philippine banks’ credit risk is on the rise
owing to the US-led global economic slowdown, Moody’s Investors
Services said.
|
|
Full
Story>>
|
|
|
|
|
Preneed sales start year
weak on fewer buyers
|
|
THE Securities and Exchange Commission (SEC) reported on Tuesday
that overall sales of preneed plans in the first month of this year
contracted due to fewer buyers of educational and pension plans even
as sales of life plans picked up year on year.
|
|
Full
Story>>
|
|
|
|
|
PSE: Underwriter required
for additional share sale
|
|
THE Philippine Stock Exchange (PSE) has reminded listed companies to
engage the services of an underwriter whenever they return to the
market to raise additional money from share sales.
|
|
Full
Story>>
|
|
|
|
|
PLDT bucks rival’s plan to offer
broadband services nationwide
|
|
PHILIPPINE Long Distance Telephone Co. (PLDT) has opposed the plan
of Transpacific Broadband Group International Inc. to offer wired
and wireless Internet data services nationwide.
|
|
Full
Story>>
|
|
|
|
|
IPVG unit, Korean firm sign
publishing, distribution deal
|
|
IPVG Corp. announced on Tuesday that its wholly owned unit signed a
game publishing and distribution deal with a Korean firm that will
launch a new game in the Philippines.
|
|
Full
Story>>
|
|
|
|
|
|
| |
