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Thursday, May 15, 2008 |
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Fast-food giant
plans
new round of price hikes
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By Likha C. Cuevas-Miel, Reporter
PRICES of Yum burger and Chicken Joy may rise
anew, as the bell weather for the average Filipino’s penchant for
fast-food plans another round of increases across all its brands to
cope with soaring raw material costs.
On the sidelines of First Gen Corp.’s
stockholders’ meeting, Tony Tan Caktiong, Jollibee Foods Corp. (JFC)
chairman and chief executive, told reporters that the fast-food
giant may match last year’s earnings despite pressure on margins
due to rising costs.
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Truckers ask
for fuel subsidy
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LOCAL truckers on Wednesday sought their inclusion in
the government’s oil subsidy program, which already benefits
public utility jeepneys and buses.
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End-February govt
debt dips on strength of local currency vs. dollar
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THE government’s end-February outstanding debt
dipped year on year due to the peso’s appreciation against the
dollar, the Bureau of Treasury said Wednesday.
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Pepsi’s profit
declines as soft drink
sales drop in the first three months
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PROFITS at the country’s lone listed soda bottler
fell on modest growth in soft drink sales.
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Peso falls despite
start of remittance inflows
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DESPITE strong overseas remittance inflows, the peso
closed weaker on Wednesday as the dollar strengthen while investors
remain cautious about rising inflation and the government’s fiscal
position.
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First-quarter earnings plunge on debt costs
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First Gen to sell
part of EDC
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AFTER buying out its partner in the acquisition of
Philippine National Oil Co.-Energy Development Corp. (EDC), First
Gen Corp. wants to sell the same stake to a separate foreign group.
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World Bank
approves controversial
RP road improvement loan program
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THE World Bank on Wednesday announced that its board
approved a controversial loan to finance the second phase of the National
Road Improvement and Maintenance Project (NRIMP-2).
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Govt revises 2007
external trade data
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THE government on Wednesday said it has revised the
Philippines’ trade deficit figures for last year.
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BSP to relax
banks’ ID requirements
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THE Bangko Sental ng Pilipinas (BSP) is set to compel
banks to require one identification card for banking transactions.
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Tiwi-MakBan plant
sale postponed
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STATE-RUN Power Sector Assets and Liabilities
Management Corp. (PSALM) has moved the bidding of the Tiwi-MakBan
geothermal power plant later next month to give prospective bidders
time to complete necessary documents.
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Budget airline offers ‘free’ seats amid costly
fuel
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Cebu Pacific
raises the ante
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CEBU Pacific has raised the ante in an ongoing price
war with rivals, after it announced on Wednesday its most aggressive
marketing move to date by offering hundreds of thousands of
“free” seats for its domestic...
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PSE income drops
on lower trading volume, listings
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THE Philippine Stock Exchange (PSE) announced on
Wednesday that its first-quarter earnings this year fell due to
lower trading volumes and lesser listings or sales of shares by
listed companies.
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PNB warned of
slipping remittance market share
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PHLIPPINE National Bank (PNB) should strengthen its
remittance business to avert a rating downgrade, according to
Moody’s Investors Service said.
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BIZZFIZZ
By Rene Martel
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AusAID
scholarships for Filipino professionals
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A BATCH of Filipino professionals will leave for
Australia next month to pursue Australian Embassy sponsored
scholarships to undertake post-graduate studies at Australian
universities.
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