|
|
|
Thursday, May 22, 2008 |
|
|
|
United Parcel dumps
RP,
moves Asian hub to China
|
|
UNITED Parcel Service (UPS) said
Wednesday it is moving its Asian hub in the Philippines to China by
2010 and would scale back its current operations at Clark airport, a
former US military base.
UPS’ decision to move to
Shenzhen, China comes more than two years after Federal Express
(FedEx) pulled the plug on its operations in another former US
military base in the Philippines. FedEx announced the transfer of
its Asian hub at the Subic Bay Freeport to Guangzhou, also in China,
citing the shift in the volume of transactions to north Asia.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Palace approves
interim open access in power sec
tor
|
|
MALACAÑANG has approved an interim open access
scheme under which large electricity consumers like manufacturers
could enjoy lower power rates, a high-ranking government official
said Wednesday.
|
|
Full
Story>>
|
|
|
|
|
IMF warns banks to
keep track of exotic financials
|
|
TO maintain financial stability across the region,
the International Monetary Fund (IMF) told banks and other financial
institutions in Asia to require effective disclosure of exotic
financial instruments.
|
|
Full
Story>>
|
|
|
|
|
Stock market ends
rally on renewed inflation woes
|
|
LOCAL share prices closed lower on Wednesday due to
renewed fears of inflation, fueled by record-high prices of oil,
dealers said.
|
|
Full
Story>>
|
|
|
|
|
Finance pushes for
single sin-product tax rate
|
|
THE proposed single-rate tax on sin products will
compensate for foregone revenues once the government reduces the
corporate income tax rate next year, the Department of Finance said
Wednesday.
|
|
Full
Story>>
|
|
|
|
|
First Gen unit to
tap bond market
|
|
THE natural gas unit of First Gen Corp. plans to
borrow abroad through
the sale of IOUs, as part of the Lopez-controlled company’s
refinancing efforts.
|
|
Full
Story>>
|
|
|
|
|
Metrobank
schedules sale of more bad assets
|
|
METROPOLITAN Bank and Trust Co. (Metrobank) said it
will dispose more of its real and other properties acquired (ROPA)
this year.
|
|
Full
Story>>
|
|
|
|
|
DBM releases
Malampaya royalty share of Palawan province
|
|
PROCEEDS from the Malampaya is expected to provide a
boost to the local economy of power-starved Palawan after the
Department of Budget and Management (DBM)...
|
|
Full
Story>>
|
|
|
|
|
Land Bank sets
aside biofuel loan for Quezon
|
|
LAND Bank of the Philippines has allotted P4.3
billion for the production and processing of jatropha in a vast area
in Quezon province.
|
|
Full
Story>>
|
|
|
|
|
Airline price war
heats up as PAL unveils promo rates
|
|
WITHIN a week after its main domestic rival offered
“free” flights to travelers, Philippine Airlines (PAL) said it
cut fares to all local destinations as well as major points in Asia
and Australia.
|
|
Full
Story>>
|
|
|
|
|
Atlas suffers
losses on low nickel sales
|
|
ATLAS Consolidated Mining and Development Corp. told
the Philippine Stock Exchange that it incurred losses during the
first quarter due to lower nickel sales from its subsidiary, Berong
Nickel Corp. (BNC).
|
|
Full
Story>>
|
|
|
|
|
Aboitiz Power
unit eyes add’l financing
|
|
AFTER inking a long-term deal with lenders for a
hydroelectric power plant project, Aboitiz Power’s (AP) hydro unit
expects to close the project financing for another proposed facility
in Mindanao in the coming weeks.
|
|
Full
Story>>
|
|
|
|
|
Metro Pacific
expands health service
portfolio, acquires Davao hospital
|
|
METRO Pacific Investments Corp. (MPIC) said it has
expanded its health service portfolio with the acquisition of Davao
Doctors Hospital (Clinica Hilario) Inc. (DDH).
|
|
Full
Story>>
|
|
|
|
|
BIZZ FIZZ
By Rene Martel
|
|
The legal maze
that is Philcomsat
|
|
THOSE of us who in the course
of our work have to try and comprehend the workings of
government-owned or -controlled corporations can be forgiven if
sometimes we come to the conclusion...
|
|
Full
Story>>
|
|
|
|
|
|
| |
