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Thursday, March 27, 2008 |
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Costlier oil, dairy products fuel imports growth
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RP external trade in
the red
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By Darwin G. Amojelar Reporter
THE Philippines bought more than
it sold abroad, as imports surged in
the first month of the year on purchases of costlier oil and dairy
products, the government reported Wednesday.
The National Statistics Office
said merchandise imports in January rose 27.7 percent to $4.987
billion from $3.904 billion in the same period last year.
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Stock market
climbs on bargain hunting
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LOCAL share prices closed slightly higher Wednesday
as investors picked up bargains across the board, dealers said.
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Factory output
recovers for second
month as NSO revises December data
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FACTORY output recovered for the second consecutive
month in January as manufacturers increased production of beverages,
tobacco and leather products, the National Statistics Office (NSO)
said.
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BOI to insert
steel products in perks list
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THE Board of Investments (BOI) is set to include
steel products for basic construction in this year’s Investments
Priorities Plan (IPP), a Department of Trade and Industry official
said.
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BSP trims OFW
savings plan
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The Monetary Board (MB) cut the amount of long-term
deposit products Land Bank of the Philippines plans to offer to
overseas Filipino workers (OFW), a Bangko Sentral ng Pilipinas (BSP)
official said Wednesday.
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Govt seeks to cut
size of interest payments vis-á-vis state revenues
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THE Department of Finance said Wednesday the
government plans to further trim interest payments this year such
that it would bring down this expenditure as a ratio of state
revenues.
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Jollibee brand
re-enters mainland China
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Jollibee Foods Corp. (JFC) announced on Wednesday
that its banner brand, Jollibee, returned to mainland China, after a
brief stint that ended in 2002.
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Petron profit up
on higher volume
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PETRON Corp. said profits last year grew by a single
digit on the back of
improved operating efficiencies and an increase in sales volume.
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PNOC-EDC, Philex
buy back shares from market
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THE country’s largest-mining company, as well as
its biggest geothermal energy producer unveiled plans to buy back
their respective shares to boost prices, which have been sagging
amid the volatility in financial markets worldwide.
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Metro Pacific
back in the black
on strong water, real-estate businesses
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METRO Pacific Investments Corp. (MPIC) has returned
to profitability on gains from its water unit, real- estate
businesses, and healthcare investment, fueling plans of venturing
into infrastructure, hotel operations and mining.
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Makati Finance
eyes second board
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MAKATI Finance Corp. (MFC), which is listed in the
local bourse’s small and medium enterprise board, will sell
additional shares to the public to qualify for listing in the second
board,...
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Telco to offer
broadband service
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A telecom company on Wednesday announced its plan to
offer wireless broadband service to small and medium enterprises (SMEs)
using WiMAX (worldwide interoperability for microwave access)
technology.
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BIZZ FIZZ
By Rene Martel
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ICTV new entrant
in TMT sector
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THE most exciting buzz these days in the business
hemisphere is caused by the TMT sector—or Technology, Media and
Telecommunications to anyone who might have been hibernating in
cyberspace in recent times.
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