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Friday, February 20, 2009 |
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Govt use of foreign aid falls despite promised stimulus
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By Darwin G. Amojelar,
Reporter
PHILIPPINE disbursement of foreign aid for public projects fell more
than half last year as agencies led by the Department of Public and
Highways failed to use available funds, the National Economic and
Development Authority (NEDA) said.
Eric Planta, NEDA Project Monitoring Staff
director, told reporters that the amount of official development
assistance (ODA) that was disbursed last year dropped 60 percent to
$781 million from $1.9 billion in 2007.
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Bakers offer budget ‘pan de sal’ amid crisis
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IN light of current economic difficulties, bakers plan to
standardize the size of pan de sal, allowing consumers to buy this
favorite Filipino breakfast staple according to their budgets.
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Amadeus warns drop in hotel occupancy
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FIRMS in Asia Pacific are expected to cut their travel expenses this
year, resulting in the decline in hotel bookings in the country,
according to Amadeus Philippines.
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BSP pushes for inter-agency mandate
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THE Financial Sector Forum (FSF), a venue for coordinated
supervision and regulation of the financial system, should be
provided a legal mandate through legislation to strengthen further
the oversight of private financial institutions and corporations,
the Bangko Sentral ng Pilipinas (BSP), a member of the forum, said.
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PLDT raises debt paper sale on investor demand
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PHILIPPINE Long Distance Telephone Co., (PLDT) said it upsized its
corporate note issuance due to the strong demand from investors amid
a tight credit environment.
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SM Prime profit growth slows even with more malls, expansion
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THE Philippines’ biggest mall operator announced on Thursday that
its full-year profit grew on the back of its mall expansion despite
a slowing economy.
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Citi sees remittances easing
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Remittances by overseas Filipino workers (OFW) are likely to grow at
slower pace this year mainly due to wage cuts and the decline in job
deployment overseas, the US-based Citigroup said.
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PSBank profit drops as trading revenues decline
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Philippine Savings Bank (PSBank), the country’s second largest
thrift bank, posted a single-digit drop in its net income last year
due to a double-digit decline in non-interest income.
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Aboitiz, Zamora groups eye investments in renewable energy
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Local companies are eyeing to gain a foothold in the country’s
renewable energy (RE) industry with the passage of the law granting
incentives to “green” energy projects, a lawmaker said.
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Boeing says Dreamliner delivery to push through
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BOEING Commercial Airplanes, a unit of Boeing Co., will start
delivery of its new aircraft next year, an official said Thursday.
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GMA wins case vs. SEC
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GMA Network Inc. said it will be paying lower fees for extending its
corporate life as the Securities and Exchange Commission’s (SEC)
assessments which the Supreme Court found to be invalid.
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