|
|
|
Saturday, May 03, 2008 |
|
|
|
Govt set to revise peso-dollar forecast
|
|
PHILIPPINE economic managers are set to revise
downwards the peso-dollar exchange rate assumption incorporated in
their macroeconomic targets this year, a government source said
Friday.
A source said the Development and Budget
Coordinating Committee (DBCC) is set to revise its foreign-exchange
rate assumption to P40 to P43 for every dollar, from the P42 to P45
estimate made earlier.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Food price-biofuel link ruled out
|
|
EXPERTS blamed the current record prices of rice
and other grains on factors other than the rising use of biofuels.
|
|
Full
Story>>
|
|
|
|
|
Fed easing end seen to lift RP economy
|
|
THE Bangko Sentral ng Pilipinas (BSP) said the
country’s economic expansion would be sustained if its US
counterpart, the Federal Reserve, discontinues its policy of easing
interest rates.
|
|
Full
Story>>
|
|
|
|
|
Banks’ bad loan ratio drops
below pre-crisis levels
|
|
THE share of bad loans to banks’ total lending portfolio improved
slightly last January, slipping further to pre-Asian crisis levels,
the Bangko Sentral ng Pilipinas (BSP) said Friday.
|
|
Full
Story>>
|
|
|
|
|
Stocks fall to 18-month low on inflation fears
|
|
LOCAL share prices closed lower Friday, hitting an 18-month low amid
continued fears of inflation, dealers said.
|
|
Full
Story>>
|
|
|
|
|
Rice, clothing allowance
exempted from taxes
|
|
THE Bureau of Internal Revenue (BIR) said Friday that it has
exempted rice and clothing allowances received by employees from
income taxation.
|
|
Full
Story>>
|
|
|
|
|
Asia’s new art collectors
seek smart investments
|
|
HONG KONG: A pioneering art fair in Hong Kong is expected to attract
15,000 potential buyers, reflecting how modern art has become as
desirable for many Asian consumers as the latest luxury-brand watch.
|
|
Full
Story>>
|
|
|
|
|
International air traffic
declines further in March
|
|
GENEVA: International air traffic growth continued to slow in March
as the industry was hit by soaring fuel costs and the global credit
crunch, the International Air Transport Association said on Friday.
|
|
Full
Story>>
|
|
|
|
|
Dollar gains on yen ahead of jobs data
|
|
TOKYO: The dollar edged up against the yen in Asian trade Friday as
traders waited for a key US jobs report for fresh leads on the
chances of further Federal Reserve interest rate cuts, dealers said.
|
|
Full
Story>>
|
|
|
|
|
Sony likely to miss net income target
|
|
TOKYO: Japan’s Sony Corp. is likely to miss its annual profit
target due to a stronger yen and weak financial markets, but still
posts a surge in earnings on brisk sales of electronic goods, a
report said Friday.
|
|
Full
Story>>
|
|
|
|
|
Greenpeace welcomes
move to save Jakarta forests
|
|
JAKARTA: Environment group Greenpeace on Friday welcomed
Unilever’s backing of a moratorium on palm oil deforestation in
Indonesia, saying the move will help save forests in the sprawling
archipelago.
|
|
Full
Story>>
|
|
|
|
|
Union Bank’s profit plunges in Q1
|
|
UNION Bank of the Philippines said its profit
plunged in the first quarter of the year, as trading gains went down
due to a strong peso.
|
|
Full
Story>>
|
|
|
|
|
Regulator approves Basic’s add’l share sale
|
|
THE Securities and Exchange Commission (SEC) has approved the
application of Basic Energy Corp.’s follow-on offering, involving
the sale of existing shares to the public to raise funds for its
ethanol and geothermal projects.
|
|
Full
Story>>
|
|
|
|
|
Condo sales lift Anchor Land’s earnings
|
|
ANCHOR Land Holdings Inc. told the Philippine Stock Exchange that
its profit last year surged on the back of the double-digit growth
in revenues from residential condominium sales.
|
|
Full
Story>>
|
|
|
|
|
|
| |
