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Saturday, March 29, 2008 |
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Inflation to dent Philippine growth–Unescap
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THE country’s economy may grow at a slower
pace this year as prices of goods and services are likely to remain
high, the United Nations Economic and Social Commission for Asia and
the Pacific (UNESCAP) said Friday.
In its Economic and Social Survey of Asia and
the Pacific 2008, the UN body said the Philippine economy, as
measured by its gross domestic product (GDP) is projected to grow by
6.7 percent this year, down from a three-decade high of 7.3 percent
last year.
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Drop negotiated borrowings, BSP tells govt
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THE Bangko Sentral ng Pilipinas (BSP) warned
government about pursuing its negotiated borrowings.
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San Miguel Brewery pushes back share sale
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AMID continued volatility in financial markets
worldwide, the domestic beer unit of Southeast Asia’s largest food
and beverage conglomerate has pushed back its maiden share sale by
two weeks.
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Stock market ends week higher
on window-dressing, extending straight-session rally
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LOCAL share prices closed a percent higher Friday on window-dressing
as fund managers tidied up their portfolios for the end of the first
quarter, dealers said.
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Vulcan Mining takes out
loan to bridge funding gap
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VULCAN Industrial and Mining Corp. told the Philippine Stock
Exchange on Friday that it took out a loan to bridge its funding
requirements as it awaits a scheduled share sale.
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DBP to advise PNOC on Aramco stake
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Puerto Princesa, Palawan: State-owned Philippine
National Oil Company has tapped the Development Bank of the
Philippines as its financial advisor in determining whether to
exercise its preemptive rights over Saudi Aramco’s shares in
Petron Corp.
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PNOC unit hard-pressed for investors
in jathropa plantations
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Puerto Prinsesa, Palawan: The alternative fuels unit of the
Philippine National Oil Co. (PNOC) has yet to utilize most of its
war chest in its campaign to develop the jatropha plant for biofuel
use.
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Semirara to expand export market,
sees higher coal output
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Semirara Mining Corp., the country’s largest coal producer, wants
to expand its export market as it expects coal production from its
mines would increase significantly this year.
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PEZA investments top 100
percent on year in March
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The Philippine Economic Zone Authority (PEZA) has moved more than
over 10-billion peso worth of investments in the first two weeks of
March.
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