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Tuesday, June 16, 2009 |
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Unpaid consumer bank loans on the rise
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By Maricel E. Burgonio, Senior Reporter
THE amount of unpaid bank loans issued to consumers is on the rise,
based on Bangko Sentral ng
Pilipinas (BSP) data.
The BSP on Monday said non-performing consumer
loans climbed to nine percent of banks’ total lending portfolio in
March, from 8.6 percent in December and 8.1 percent in March last
year.
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Growth cut to trim RP revenues
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THE Philippines stands to lose billions of pesos in revenues this
year due to the cut in its growth target, the government said.
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Govt falls short of planned borrowing
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Benchmark interest rates climbed on the heels of government’s
announcement of a wider budget deficit this year.
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International air passenger traffic drops
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INTERNATIONAL passenger traffic in the Philippines fell in the first
three months of the year due to the global economic crisis, the
Civil Aeronautics Board (CAB) said Monday.
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Exchange rate breaches P48:$1 on bearishness
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The peso closed to a six-week low against the dollar on Monday on
market pessimism about the economy and the political risk arising
from the upcoming national elections.
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Japan wants to hasten infrastructure projects,
investment incentives
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JAPAN wants the Philippines to hasten donor-funded infrastructure
projects, among other measures aimed at improving the local business
environment, according to the Department of Trade and Industry
(DTI).
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SMIC doubles bond issuance
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THE holding company of the SM group announced Monday that it has
doubled its fixed rate bond issuance on the back of the high demand
from institutional and retail investors.
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GMA Network gives workers mid-year bonus
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GMA Network Inc. said it would hand out a mid-year bonus to its
regular employees as a result of its good financial performance the
past five months due to higher program ratings in Mega Manila.
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San Miguel sets price for preferred shares swap
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SOUTHEAST Asia’s largest food and beverage conglomerate has set
the price and dividend yield for the preferred shares that will be
exchanged with the common shares of its existing stockholders.
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Alliance Tuna plans first salmon processing facility
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Alliance Tuna International Inc., the country’s only listed canned
tuna exporter, said it plans operate its first salmon processing
facility in General Santos City in Mindanao.
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Exporters, business chambers urge govt to prioritize twin power bills
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Local and foreign business groups are calling on Malacañang and
lawmakers to prioritize the twin power bills pending before Congress
to ensure its passage.
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Medical City sales up on expansion
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THE Professional Services Inc. said its revenues in the first
four-months of the year increased due to expansion of the Medical
City in Pasig City.
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MANAGING
FOR SOCIETY
By Benito L. Teehankee
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Protecting the
body from computer work–Part 2
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TWO weeks ago, we talked about Manny’s many body aches from using
the PC improperly and how you can avoid them. I explained the
importance of avoiding neck pains by keeping your monitor and any
page you’re looking at a natural...
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