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Tuesday, June 09, 2009 |
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San Miguel to realign banking unit’s thrust
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By Chino S. Leyco, Reporter
SAN Miguel Corp. (SMC) said Monday that it is aligning the
operations of its banking unit with the food and beverage giant’s
new business directions.
In a disclosure to the Philippine Stock
Exchange, Ramon Ang, SMC president, said he sees opportunities for
Bank of Commerce (BOC) to work cooperatively with the
conglomerate’s new businesses.
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Bank loans seen to slow this month
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Bank lending will decelerate this month, but will end the year
growing by double-digits, according to ATR Kim Eng Securities Inc.
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End-May auto sales continue to fall
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AUTOMOBILE sales picked up in May from the previous month, but the
number of vehicles sold in the first five months was still lower
than last year, according to industry groups.
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Govt sets auction date for
FTI, PNOC-EC
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The government has approved the dates for the sale of two state
assets, the proceeds of which are expected to raise revenues amid
weak tax collections this year.
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Stock market starts week down on profit-taking
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Philippine share prices closed slightly lower on Monday as investors
took profits after last week’s gains, dealers said.
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NEDA approves airport, agrarian reform projects
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THE National Economic and Development Authority (NEDA) said its
Cabinet Committee has approved multibillion-peso airport and
agrarian reform projects.
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Filinvest Land to bid for Global City property
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THE property development arm of the Filinvest group of companies
announced on Monday that it would participate in the bidding for
North Bonifacio lots of state-owned Bases Conversion and Development
Authority (BCDA).
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ChemrezTech announces fresh round of dividends
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Chemrez Technologies Inc. (ChemrezTech), the country’s biggest
biodiesel, resins and oleochemicals producer, announced on Monday
a fresh set of cash dividends for its shareholders.
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Napocor signs supply contracts with Mindanao utilities
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State-owned National Power Corp. (Napocor) has signed power supply
deals with distribution utilities in Mindanao.
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Smart, Digitel say cap on text to cut
state revenues
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Mobile-phone service providers claimed that their earnings could be
cut because of the proposed cap on the price of short messaging
service and this in effect would slash government revenue
collections.
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