|
|
|
Friday, May 09, 2008 |
|
|
|
RP auto industry defies US contraction
|
|
Sales of gas-guzzling autos
rise despite costlier fuel
|
|
DESPITE the soaring price of fuel, Filipinos
kept buying gas-guzzling motor vehicles like pickup trucks, vans,
and sports utility vehicles (SUVs), with sales of these models in
the first four months this year jumping a fourth from a year ago,
according to local assemblers.
Elizabeth H. Lee, Chamber of Automotive
Manufacturers of the Philippines Inc. (Campi) president, said the
industry enjoyed a 14.8 percent rise in sales at 39,981 units for
the period compared with last year.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
First-quarter lottery sales
jump in Visayas, Mindanao
|
|
AMID rising inflation, lottery sales in the Visayas and Mindanao
surged in the first quarter, according to the exclusive online
systems provider of state-run Philippine Charity Sweepstakes Office
(PCSO) in those areas.
|
|
Full
Story>>
|
|
|
|
|
ANALYSIS
|
|
Property developers jack up prices
|
|
PROPERTY developers are about to raise
prices—if they haven’t already —to cope with costlier raw
materials, fuel and soon, labor, and prevent these from eating into
their margins.
|
|
Full
Story>>
|
|
|
|
|
Vista Land net income plunges
|
|
VISTA Land and Lifescapes Inc. announced on Thursday that its
first-quarter net income plunged due to the absence of one-time
gains enjoyed last year.
|
|
Full
Story>>
|
|
|
|
|
Gokongweis offer an option, says Finance
|
|
GOKONGWEIS’ offer to acquire a substantial
interest in the Philippines’ largest oil refiner is just one of
the government’s options, the Department of Finance said Thursday.
|
|
Full
Story>>
|
|
|
|
|
BSP seen to raise interest
rates on higher inflation
|
|
CONSUMER price increases will pick up further this year and next,
prompting the Bangko Sentral ng Pilipinas (BSP) to raise its key
interest rates, according to pundits.
|
|
Full
Story>>
|
|
|
|
|
BDO profit declines on smaller
trading, foreign exchange gains
|
|
THE Philippines’ second-largest bank said its
first-quarter profit declined as it suffered reductions in trading
and foreign-exchange gains.
|
|
Full
Story>>
|
|
|
|
|
PLDT to double wireless landline subscribers
|
|
PHILIPPINE Long Distance Telephone Co. (PLDT) expects to double its
wireless landline subscribers this quarter in light of increasing
demand and plans to launch the service in areas with limited or
non-existent fixed lines.
|
|
Full
Story>>
|
|
|
|
|
Psalm readies back-up plan for privatization
|
|
UNFAZED by the delays in the auction of the Palinpinon geothermal
plant, the state-run Power Sector Assets and Liabilities Management
Corp. (PSALM) is confident it would meet its privatization target
for the year.
|
|
Full
Story>>
|
|
|
|
|
Nido Petroleum may tap strategic partner
|
|
AUSTRALIAN firm Nido Petroleum Ltd. may tap a “strategic
partner” to explore for oil and gas in the North West Palawan
Basin, where it has recently completed large seismic surveys.
|
|
Full
Story>>
|
|
|
|
|
China Bank earnings drop as costs rise
|
|
China Banking Corp. posted single-digit drop in net income growth in
the first quarter of the year despite robust growth in consumer
lending.
|
|
Full
Story>>
|
|
|
|
|
|
| |
