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Tuesday, August 11, 2009 |
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Fails to secure short-term borrowing
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Govt scraps retail
bond plan
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By Lailany P. Gomez, Reporter
THE government failed to raise
the total amount it had planned during Monday’s auction of
Treasury bills (T-bills), as banks sought higher rates in exchange
for their money.
The partial rejection of bids for
the short-term debt instruments comes as the government scrapped
altogether a plan to raise money through the sale of retail Treasury
bonds (RTBs) this year.
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Meralco seeks
higher charges for next year
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AFTER enjoying four straight months of cheap power
from its suppliers, Manila Electric Co. (Meralco) wants to jack up
its distribution charge under its new rate-setting regime.
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Domestic air
travel climbs on carriers’ promo offerings
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PHILIPPINE domestic air travel grew by a third in the
first half boosted by airlines’ promotional offerings, the Civil
Aeronautics Board (CAB) said.
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BSP approves
program loan from ADB
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The Bangko Sentral ng Pilipinas (BSP) has given the green light to
the third tranche of an Asian Development Bank (ADB) loan aimed at
supporting the government’s fiscal reform program.
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ATRKimEng sees
pick up in inflation by year-end
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ATRKimEng expects a slow rise in inflation toward the
end of the year.
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Rediscounting loan
demand surges
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BANKS’ availment of the Bangko Sentral ng Pilipinas’
(BSP) peso rediscounting facility shot up in the first seven months
of the year despite signs that the global credit crunch is abating.
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Manila Water
profit rises on sales, cut in system losses
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MANILA Water Co., Inc. said its profit grew by double
digits in the first half of the year on account of higher
residential sales and lower system losses.
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MPIC earnings jump
as units improve performance
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THE local unit of Hong Kong-listed First Pacific Co.
Ltd. announced on Monday that its net income for the first semester
surged due to one-time gains and improved operations.
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Pangilinan rules
out San Miguel buyout of Lopezes
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SOUTHEAST Asia’s largest food and beverage
conglomerate would not be able to buy the entire Lopez stake in the
Manila Electric Co. (Meralco) from the family that easily,...
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Higher revenues,
lower fuel lift Aboitiz Transport income
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Aboitz Transport System Corp. (ATS) announced on
Monday that its profit rose in the first half of the year due to the
modest growth in revenues as well as the drop in fuel expenses.
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Globe to expand
DUO service in the Visayas
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GLOBE Telecom Inc. has secured the National
Telecommunications Commission’s (NTC) approval to expand the
coverage of its prepaid wireless landline service in Visayas.
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US jobs data
boosts local stocks
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Philippine share prices closed 2.42-percent higher
Monday with investor sentiment boosted by US jobs data at the end of
last week, dealers said.
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MANAGING FOR SOCIETY
By Evelio G. Echavez
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Using feedback to
satisfy customers
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Nowadays, businesses realize the importance of having
satisfied customers. There are several programs and processes being
employed by companies to handle their customer relations.
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