|
|
|
Thursday, August 06, 2009 |
|
|
|
Philippines narrowly escapes deflation in July
|
|
By Darwin G. Amojelar, Senior Reporter
Prices of goods and services rose at their slowest pace in over two
decades in July mainly because of the continued drop in food and
fuel costs.
The National Statistics Office (NSO) reported
Wednesday that inflation decelerated to 0.2 percent in July from
12.3 percent in the same period last year. In June, inflation stood
at 1.5 percent.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Inflation seen to pick up in 4th quarter
|
|
Private sector analysts expect inflation to accelerate in the fourth
quarter, the Bangko Sentral ng Pilipinas (BSP) said.
|
|
Full
Story>>
|
|
|
|
|
PLDT refuses to subsidize smaller rivals
|
|
THE country’s largest telecom company has refused to grant
subsidies to smaller rivals operating outside Metro Manila.
|
|
Full
Story>>
|
|
|
|
|
More companies eye
Pagbilao, Sual output contracts in second auction
|
|
At least four companies are vying for state-owned National Power
Corp.’s (Napocor) contracted output with the Pagbilao and Sual
coal-fired power plants, which will be auctioned off this month.
|
|
Full
Story>>
|
|
|
|
|
Major economies post record price drops–OECD
|
|
PARIS: Advanced economies experienced deflation of 0.1 percent in
the year to June as a result of oil prices being more than halved
since their summer 2008 peak, data from the OECD released Tuesday
showed.
|
|
Full
Story>>
|
|
|
|
|
LandBank registers record profit in first six months
|
|
Land Bank of the Philippines (LandBank) said its profit rose to a
record level in the first half of the year on higher income from
loans and investments.
|
|
Full
Story>>
|
|
|
|
|
US incomes drop, cloud recovery hopes
|
|
WASHINGTON, D.C.: Americans’ incomes fell in June as stimulus
payments dwindled, official data showed Tuesday, clouding hopes for
a spending rebound that could pull the economy out of a long
recession.
|
|
Full
Story>>
|
|
|
|
|
Oil slightly higher ahead of key reserves data
|
|
SINGAPORE: Oil was modestly higher in Asian trade Wednesday ahead of
the release of a widely monitored US government report on the
country’s energy reserves.
|
|
Full
Story>>
|
|
|
|
|
Japan’s Nikon sinks into red on weak sales
|
|
TOKYO: Japan’s Nikon Corp. said Wednesday weak sales of machinery
used to make semiconductors pushed it into the red in the quarter to
June, as it downgraded its full year forecast.
|
|
Full
Story>>
|
|
|
|
|
Adidas net income falls
|
|
BERLIN: The German sports equipment and clothing group adidas posted
Wednesday a 93-percent drop in second-quarter profit that swamped
other losses in the country’s retail sector, but confirmed its
2009 outlook.
|
|
Full
Story>>
|
|
|
|
|
Singapore’s UOB earnings plunge
|
|
SINGAPORE: Singapore’s United Overseas Bank (UOB) Wednesday
announced second quarter net profit plunged 21.7 percent
year-on-year but said it was upbeat about the future as the global
economy picks up.
|
|
Full
Story>>
|
|
|
|
|
PLDT eyes new satellite service providers
|
|
PHILIPPINE Long Distance Telephone Co. (PLDT) said it is in talks
with two satellite providers after its existing one filed for
bankruptcy in the US.
|
|
Full
Story>>
|
|
|
|
|
Eastern Petroleum profit surges
|
|
STABLE oil prices this year helped retailer Eastern Petrolem Corp.
register a five-fold increase in its first-half earnings, its
chairman said.
|
|
Full
Story>>
|
|
|
|
|
PNB net income jumps in first half due to loans, investments
|
|
Philippine National Bank (PNB) said its profitability was sustained
in the first half supported by income from loans and investments
despite the flat growth in deposits and high operating expenses
owing to Allied Banking Corp.’s (Allied Bank) integration with the
former.
|
|
Full
Story>>
|
|
|
|
|
Globe says proposed frequency fees to deter expansion in rural areas
|
|
GLOBE Telecom Inc. said the National Telecommunications
Commission’s (NTC’s) proposed fees for Internet wireless
broadband frequencies could deter the expansion of the telco
industry to the countryside.
|
|
Full
Story>>
|
|
|
|
|
SMC sale seen to trim govt budget deficit
|
|
The Department of Finance said the sale of its San Miguel Corp.
(SMC) stake this year may help in narrowing down the national
government’s budget deficit.
|
|
Full
Story>>
|
|
|
|
|
Belle earnings double in June, eyes asset disposal
|
|
THE developer of high-end Tagaytay Highlands said that its net
income in the first six months doubled due to higher sales from a
residential subdivision.
|
|
Full
Story>>
|
|
|
|
|
Philam to remain private as parent eyes regional listing
|
|
The Philippines’ largest insurance firm said it has no plans to go
public even as its parent eyes a maiden share offering in Asia.
|
|
Full
Story>>
|
|
|
|
|
VIEW
FROM THE COUNTRYSIDE
By Omar Andaya
, Rbap President
|
|
Democratic space for
rural banks
|
|
With election just around the corner, candidates—both president-iables
and senatoriables –dominate the trimedia, making media moguls
richer by the day.
|
|
Full
Story>>
|
|
|
|
|
|
| |
