|
|
|
Friday, January 09, 2009 |
|
|
|
Raises $1.5 billion from bond offering
|
|
Govt completes foreign borrowing
|
|
The government has completed its external funding requirement for
this year after launching its global bond offering on Wednesday.
In a statement, Finance Secretary Margarito
Teves announced on Thursday that the government has raised $1.5
billion through a global bond offering.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
2008 budget deficit seen lower than program
|
|
THE Philippine government’s budget gap last year will be lower
than program with the proceeds from Petron Corp. share sale and
royalties from Malampaya boosting revenues, the Department of
Finance said.
|
|
Full
Story>>
|
|
|
|
|
Local share prices lower on Wall Street drop
|
|
Local share prices closed 1.7 percent lower Thursday as Wall
Street’s drop spurred a local correction, dealers said.
|
|
Full
Story>>
|
|
|
|
|
FCDU loans climb up in September
|
|
Outstanding loans extended to commodity and service exporters,
public utility firms and manufacturers by banks’ foreign currency
deposit units (FCDUs) grew modestly in September last year, Bangko
Sentral ng Pilipinas (BSP) said on Thursday.
|
|
Full
Story>>
|
|
|
|
|
Local car sales higher but miss growth target
|
|
Amid a troubled global economy last year, the local automotive
industry managed to pull off year-on-year sales growth but missed
its official growth target by a hairline, the Chamber of Automotive
Manufacturers of the Philippines Inc. (Campi) and the Truck
Manufacturers Association said.
|
|
Full
Story>>
|
|
|
|
|
PSALM sets auction for Visayas power plant
|
|
State-run Power Sector Assets and Liabilities Management Corp.
(PSALM) has put a Visayas-based power plant on the auction block in
line with the government’s power sector privatization and
restructuring program.
|
|
Full
Story>>
|
|
|
|
|
Local bourse denies responsibilityover Meralco’s losses
|
|
The Philippine Stock Exchange (PSE) said Manila Electric Co.
(Meralco) should not blame it for the “grave, irreparable, and
material damages and losses” of the utility firm due to the
trading suspension of its shares.
|
|
Full
Story>>
|
|
|
|
|
Media dub Satyam scandal ‘India’s
Enron’
|
|
MUMBAI: A billion-dollar false accounting scandal at one of
India’s biggest outsourcing firms dominated the country’s media
Thursday, with newspapers likening it to that at US energy giant
Enron.
|
|
Full
Story>>
|
|
|
|
|
NTC pushes through with 3G license public hearing despite TRO
|
|
DESPITE a temporary restraining order (TRO) issued by the Court of
Appeals, the National Telecommunications Commission (NTC) has pushed
through with the public hearing on the remaining 3G (third
generation) technology licensing.
|
|
Full
Story>>
|
|
|
|
|
Regulator approves DCI permit transfer
|
|
THE National Telecommunications Commission has approved the transfer
of Digital Telecommunications Philippines Inc.’s permit to operate
the international cable landing station in Cavite to its subsidiary
Digitel Crossing Inc. (DCI).
|
|
Full
Story>>
|
|
|
|
|
NGCP to take over TransCo next week
|
|
The National Grid Corporation of the Philippines (NGCP), the winning
National Transmission Corp. (TransCo) concessionaire, is set to take
over the operation of the country’s electrical industry backbone
next week.
|
|
Full
Story>>
|
|
|
|
|
Cebu Pacific to expand Manila hub, adds flights
|
|
Cebu Pacific will expand its Manila hub operations as the airline is
set to accommodate more aircrafts this year.
|
|
Full
Story>>
|
|
|
|
|
BIZZFIZZ
By Rene Martel
|
|
Weber Shandwick sets
stage for modern public relations in RP
|
|
Faster, busier, and arguably more chaotic—the Filipino’s current
lifestyle poses new challenges for marketers who need to send their
message across. And while there’s no denying that the good old
press release is still a useful tool in...
|
|
Full
Story>>
|
|
|
|
|
|
| |
