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Tuesday, February 10, 2009 |
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Govt rejects all T-bill bids
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By Maricel E. Burgonio, Reporter
The government has rejected all bids for its
Treasury bills on Monday as banks demanded higher rates for
the debt papers.
“There’s a lot of speculation in the market
because of the new supply [of debt papers] from the government-owned
and-controlled corporations and private corporations,” National
Treasurer Roberto Tan said.
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Remittances to contract
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Remittances from overseas Filipino workers (OFWs) may become flat or
it even contract this year as a result of the global recession, a
think tank said.
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Local BPO industry told to diversify
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While the local business process outsourcing (BPO) industry looks
forward to continued growth this year, experts have advised the
sector that it must diversify and tap higher value services to
generate more revenues.
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San Miguel wants tie-up with MWSS
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As way to gain a foothold in the water supply business, Southeast
Asia’s largest food and beverage conglomerate said it wants a
joint venture with Metropolitan Waterworks and Sewerage System (MWSS)
for the Laiban Dam project.
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Local shares close higher
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Local share prices closed 0.5 percent higher Monday as the market
continued its rally from last week, dealers said.
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Trans-Asia Oil eyes wind farm in Western Visayas
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Listed firm Trans-Asia Oil and Energy Development Corp. (TA Oil)
said it will start conducting feasibility studies for a proposed
wind farm in Western Visayas.
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Local broadband Internet to grow despite downturn
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Despite economic difficulties, the Philippines’ broadband Internet
market is expected to expand this year due to strong consumer demand
in cities and rural areas, telecom industry experts said.
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Manila Water signs deal with Cebu government
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Manila Water Co., Inc. said it has inked a deal with the provincial
government of Cebu for the supply of water to the province.
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Cebu Pacific eats into rival airlines’ market share
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BUDGET airline Cebu Pacific on Monday said it has eaten up the
market share of rival carriers in the domestic front last year on
the back of its aggressive promotional offering.
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MANAGING
FOR SOCIETY
By Benito L. Teehankee
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Business education
and saving capitalism–Part II
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In last week’s first part of this column, I argued that in order
for business educators to help save capitalism from itself, the
basic models taught to students and eventually used for corporate
strategy and public policy must capture the...
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