|
|
|
Saturday, May 24, 2008 |
|
|
|
First-quarter growth forecast cut
|
|
THE Philippine economy may have grown at a
slower pace in the first quarter of the year owing to skyrocketing
food and oil prices, the National Economic and Development Authority
(NEDA) said.
Acting Socioeconomic Planning Secretary and NEDA
Director General Augusto B. Santos said the economy as measured by
the country’s gross domestic product (GDP) may have expanded
between 5.2 percent and 6.2 percent in the first three months this
year, or slower than the 6.9 percent seen last year.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Inflation target difficult to
attain this year, says BSP
|
|
THE Bangko Sentral ng Pilipinas (BSP) said it
may be difficult to attain its inflation target for this year given
skyrocketing oil prices.
|
|
Full
Story>>
|
|
|
|
|
Trade wants Meralco’s lifeline
cross-subsidy removed
|
|
Nowhere in the Electric Power Industry Reform
Act (EPIRA) of 2001 does it say that other consumers should pay for
subsidies being given by Meralco to its marginalized customers...
|
|
Full
Story>>
|
|
|
|
|
Production in Galoc field delayed anew
|
|
Weather disturbances have delayed the start of
oil production in the Galoc field in offshore Palawan to early June,
Australian firm Nido Petroleum Ltd said in a statement.
|
|
Full
Story>>
|
|
|
|
|
REIT tax perks may abet tax avoidance–Finance
|
|
TAX incentives on real estate investment trusts (REIT) may create
more opportunities for tax arbitrage among capital market players,
the Department of Finance said, as it bucked the proposed measure.
|
|
Full
Story>>
|
|
|
|
|
Tourist arrivals rise in April;
US market still tops list of big markets
|
|
TOURIST arrivals last month rose in the single-digits, the
Department of Tourism said.
|
|
Full
Story>>
|
|
|
|
|
Napocor to bid out fuel supply
for coal-fired power plants
|
|
State-owned National Power Corp. (Napocor) will bid out another
tranche of fuel supply for the country’s coal-fired power plants.
|
|
Full
Story>>
|
|
|
|
|
Unionbank sees slow profit growth
|
|
UNIONBANK of the Philippines announced on Friday
that it expects its profit growth to ease due to the tougher
economic environment.
|
|
Full
Story>>
|
|
|
|
|
IPVG to own majority of
Indian outsourcing firm
|
|
IPVG Corp. told the Philippine Stock Exchange that its partner,
Credence Analytics (India) Pvt Ltd will break up its business units
to form a knowledge processing outsourcing (KPO) joint venture
company.
|
|
Full
Story>>
|
|
|
|
|
SEC approves SM Prime Holdings’
acquisition of China malls
|
|
THE country’s largest mall owner and operator told the Philippine
Stock Exchange that the Securities and Exchange Commission has given
its nod to the acquisition of the China malls owned by Henry Sy Sr.
|
|
Full
Story>>
|
|
|
|
|
Smart set to expand roaming
partnerships
|
|
SMART Communications Inc. said it will expand its connectivity to
more than 400 roaming partners in over 200 countries all over the
world.
|
|
Full
Story>>
|
|
|
|
|
Philweb profit jumps on Internet gaming
|
|
PHILWEB Corp. said its net income doubled in the first quarter of
the year, boosted by its Internet gaming business.
|
|
Full
Story>>
|
|
|
|
|
LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
|
|
Business and people
management in South Africa
|
|
Our minimum wage earners enjoyed their P20 pay increase for exactly
one week. Starting last Wednesdays, prices of goods shot up even
more as transportation fare increased. It is a vicious cycle.
|
|
Full
Story>>
|
|
|
|
|
|
| |
