|
|
|
Tuesday, August 25, 2009 |
|
|
|
Local stock market joins Asia rally on US recovery hopes
|
|
Philippine share prices surged Monday to close 5.11 percent higher,
lifted by a rally on Wall Street and positive economic developments
in the United States, dealers said.
The composite index gained 139 points to close
at 2,859.18, while the all-shares index jumped 3.79 percent to
1,810.36.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
ADB extends fresh loan to shore up RP finances
|
|
The Asian Development Bank’s (ADB) on Monday approved a short-term
fiscal loan for the Philippines to mitigate the impact of the global
economic crisis.
|
|
Full
Story>>
|
|
|
|
|
Benchmark rates edge up after July fiscal gap report
|
|
THE three- and six-month interest rates rose on Monday’s auction
of Treasury bills (T-bills) after last week’s report that the
government’s budget deficit ballooned by 462.5 percent in the
first seven months on falling revenues and rising expenditures.
|
|
Full
Story>>
|
|
|
|
|
Power grid enlists Cebu plant to stabilize regional supply
|
|
NATIONAL Grid Corp. of the Philippines (NGCP) has signed up Cebu
Energy Development Corp. (CEDC) for the connection of its proposed
power plant to the Visayas grid.
|
|
Full
Story>>
|
|
|
|
|
Oil rises on improving investor sentiment
|
|
SINGAPORE: Oil prices rose in Asian trade Monday, bolstered by
improved investor sentiment amid widespread hopes for a global
economic recovery, analysts said.
|
|
Full
Story>>
|
|
|
|
|
Globe sees SMEs as next growth area
|
|
GLOBE Telecom Inc. said small and medium enterprises (SMEs) would be
the company’s next growth area due to the sector’s size and
demand for telecom and Internet services.
|
|
Full
Story>>
|
|
|
|
|
As Filipinos flock to cities
|
|
WB pushes creation of urban consortium
|
|
The World Bank has proposed to the Philippine government the
creation of a consortium to deal with the challenges of urbanization
in the country.
|
|
Full
Story>>
|
|
|
|
|
Philip Morris expands Subic lease arrangement
|
|
PHILIP Morris Philippines Manufacturing Inc. (PMPMI) has increased
the total land area it will lease from the Subic Bay Metropolitan
Authority (SBMA) as the company puts up its regional tobacco leaf
warehouse at the freeport zone, SBMA said in a statement on Monday.
|
|
Full
Story>>
|
|
|
|
|
Foreign firms eye
PNOC-EC tie-up for exploration project
|
|
Foreign oil and gas exploration companies are eyeing partnerships
with state-controlled Philippine National Oil Co.-Exploration Corp.
(PNOC-EC) for petroleum projects in the region.
|
|
Full
Story>>
|
|
|
|
|
Zest-O juice maker interested in foreign strategic investor
|
|
THE maker of Zest-O juice drinks said it is open to selling a stake
in the company to a foreign partner.
|
|
Full
Story>>
|
|
|
|
|
|
| |
