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Friday, March 28, 2008 |
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RISK AVERSION TO EMERGING MARKETS WEAKENS PESO
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BSP sees higher
inflation rate
continuing, but within target
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By Maricel E. Burgonio, Reporter
The uptick in inflation rate is
expected to continue because of high oil and commodity prices, but
may fall within the central bank’s target, Bangko Sentral ng
Pilipinas (BSP) announced Thursday.
However, inflation or increase in
prices is projected to decelerate in the second half of the year.
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RP’s foreign
donors want uniform procurement
system; World Bank favors increased spending
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CLARK FIELD, Pampanga: The foreign donors committee
wants a uniform procurement system for the Philippines to help
lessen rampant corruption in the government, economic official said
Thursday.
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Debt payments in
January decline on low interest rates
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DEBT payments by the national government declined
January due to lower interest rates and the rapid appreciation of
the peso, the Bureau of Treasury data showed.
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Asian economies
urged to deepen market-based financial system
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Increased intra-Asian trade backed by the advancement
in financial deepening will help mitigate the adverse impact of a
global economic slowdown on Asian economies,...
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Story>>
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Govt proposes
multibillion-peso infra projects
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CLARK FIELD, Pampanga: The government presented
multibillion-pesos worth of infrastructure projects for possible
financing by multilateral and bilateral partners...
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Story>>
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DOTC to tap
special trust fund for clean-air projects
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THE Department of Transportation
and Communication said Thurday it would allocate P1 billion from the
Special Vehicle Pollution Control Fund to finance environmentally
sustainable transport projects...
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Story>>
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RP shares close
higher on blue chips
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Philippine share prices closed 0.3 percent higher on
Thursday as investors picked up bargains among the blue-chips but
sentiment was cautious after falls on Wall Street, dealers said.
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PSE obtains
board’s greenlight for ownership restructuring plan
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The Philippine Stock Exchange board has approved the
ownership restructuring plan that would allow the bourse to comply
with the 20-percent industry limit imposed under the Securities and
Regulation Code.
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Smart’s
nationwide payphone service has NTC nod
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The wireless unit of Philippine Long Distance
Telephone Co. has obtained the regulator’s green light to operate
payphone service until 2010, paving the way for its expansion into
the unserved and underserved areas nationwide.
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Story>>
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