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Wednesday, July 29, 2009 |
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Debt-raters warn crisis to test RP banks
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TWO international debt watchers warned that the
financial profiles of Philippine banks may deteriorate owing to the
global financial crisis and the resulting economic slowdown.
In separate statements, Moody’s Investors
Service and Fitch Ratings Inc., however, admitted that any fallout
would be contained.
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Banco de Oro suffers net
income drop in first six months
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THE Philippines’ largest bank said its profit fell by double-digit
in the first half despite higher gains from loans and deposits.
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Malaysian puts up e-commerce platform
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A Malaysian information technology firm has launched a new
e-commerce solution in the country this month to help small and
medium enterprises (SMEs) in their business processes.
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Processed food exporters count
on higher orders leading to holidays
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Exporters of processed food on Tuesday said they
expect an up tick in orders in the coming months leading to the
holiday season.
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BSP opens new credit surety fund
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THE Bangko Sentral ng Pilipinas (BSP) is set to launch its Credit
Surety Fund (CSF) program in Davao, aiming to improve credit access
to micro, small and medium enterprises (MSMEs) in the countryside.
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NTC rushes to meet 2010 goal
of wider broadband Internet access
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THE National Telecommunications Commission (NTC)
plans to issue new rules that would liberalize the Internet
broadband industry to ensure universal access by next year.
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Unilever says sales hold
up despite economic crisis
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UNILEVER Philippines Inc. said its local sales of food, home care
and personal products grew “close to double-digits” in first
half of this year, an official said.
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RP sets more air talks with
European, Asian countries
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THE Philippines has accelerated the liberalization of the air
transport system as the government sets bilateral air talks with at
least seven countries in the remaining months of the year.
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Global Steel to raise production
on expected upturn in demand
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GLOBAL Steel Philippines Inc. said it would
invest about $108 million to increase its production of flat
products in the second half of the year in preparation for an
expected upturn in steel demand.
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Regulator OK’s Aboitiz
consortium power deals
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The Energy Regulatory Commission (ERC) has approved the power supply
agreements signed by the Aboitiz Power Corp. and SN Power of Norway
(SNAP) consortium with five electric cooperatives in Luzon.
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DOE clears way for splitting
of Tindalo service contract
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The Department of Energy (DOE) has approved the partition of a
service contract in offshore Palawan held jointly by Aussie firms
Nido Petroleum Ltd. and Kairiki Energy Ltd.
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VIEWS
FROM
A BRIT
By Mike Wooton
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Dignity
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I heard that it is now a requirement that office workers in one of
the Metro Manila local government areas have to have an annual
medical examination. This would include urinalysis, chest x-ray,
fecal analysis, and other tests.
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