|
|
|
Wednesday, May 14, 2008 |
|
|
|
In bid to lower RP electricity rates
|
|
Napocor mulls
long-term fuel contracts
|
|
STATE-OWNED National Power Corp. (Napocor) is
looking at securing half of its generating plants’ fuel
requirements through long-term contracts to help lower the
Philippines’ electricity rates, considered the second highest in
Asia next to Japan.
“It is true that long term contracts may
result in lower prices. Napocor is presently reviewing the policy to
procure more than the existing 50 percent of requirements through
long term contracts,” the company said in a statement.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Inflation seen to peak in second quarter
|
|
PRICE increases will peak this quarter while full-year growth would
come in lower, according to separate forecasts made by foreign
financial institutions.
|
|
Full
Story>>
|
|
|
|
|
SM group’s growth slows in first quarter
|
|
SM Investments Corp.’s (SMIC) first-quarter profit slowed slightly
from a year ago, as revenue growth eased from the two-fold increase
registered last year.
|
|
Full
Story>>
|
|
|
|
|
Supply ample sans
Aramco, says Petron
|
|
PETRON Corp. said it is unperturbed over its crude supplier’s
impending exit from the company.
|
|
Full
Story>>
|
|
|
|
|
BSP backs govt plan to
raise foreign borrowings
|
|
THE Bangko Sentral ng Pilipinas (BSP) is partial
to the country seeking more borrowings abroad, adding the government
has elbow room to pursue such a tack due to low interest rates
overseas.
|
|
Full
Story>>
|
|
|
|
|
Ambassador stalls Japan property lease
|
|
THE plan of the national government to lease its
property in Fujimi Cho, Chiyoda Ku, in Tokyo faces a stonewall
arising from a complaint of Philippine ambassador to Japan.
|
|
Full
Story>>
|
|
|
|
|
Shipyard bags fiscal incentives
|
|
Colorado Shipyard Corporation of Cebu has secured tax incentives and
other perks from the Board of Investments for its plan to upgrade
its ship-repair facility to a shipbuilding operation.
|
|
Full
Story>>
|
|
|
|
|
Alaska sees flat growth due
to higher prices of raw materials
|
|
Alaska Milk Corp. said its profit growth for this year may be flat
as higher prices of raw materials will eat into the margins of the
company, eschewing any sales price hike to counter this pressure.
|
|
Full
Story>>
|
|
|
|
|
Caledonia-based firms to
hire Filipino skilled workers
|
|
The Caledonia-based companies seek to hire over 2, 000 Filipino
workers as part of its expansion plans, the business delegation from
the country said Tuesday.
|
|
Full
Story>>
|
|
|
|
|
Forum Energy to secure contract
|
|
UK-based Forum Energy PLC expects to bag the long-awaited service
contract covering the high-frontier Sampaguita oil and gas discovery
in offshore Palawan once the tri-partite agreement between the
Philippines, China and Vietnam lapses in June.
|
|
Full
Story>>
|
|
|
|
|
Ayala Corp.’s profit falls in
absence of one-time gains
|
|
AYALA Corp. announced on Tuesday that its
first-quarter net income fell by more than half from last year due
to the absence of capital gains as well as to lower earnings from
its banking and business process outsourcing (BPO) businesses
ventures.
|
|
Full
Story>>
|
|
|
|
|
Korean market lifts tourist arrivals
|
|
FOREIGN tourist arrivals rose in the first quarter of the year,
boosted by the Korean markets, the Department of Tourism said
Tuesday.
|
|
Full
Story>>
|
|
|
|
|
Megaworld profit jumps on real estate sales
|
|
MEGAWORLD Corp. announced on Tuesday that its
first-quarter profit grew by double digits on the back of higher
real estate sales from new projects this year.
|
|
Full
Story>>
|
|
|
|
|
VIEWS
FROM A BRIT
By Mike Wootton
|
|
Accurate billings?
|
|
It has taken me a long time to realize that here in the Philippines,
bills from major utilities and service providers are frequently
incorrect. This is a major cultural difference...
|
|
Full
Story>>
|
|
|
|
|
|
| |
