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Thursday, June 25, 2009 |
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RP told to form
crisis agency
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By Darwin G. Amojelar, Senior
Reporter
ALARMED by the impact of the
global economic turmoil, the United Nations Development Programme (UNDP)
is pushing the Philippines to create a task force headed by the
National Economic and Development Authority (NEDA) to respond to the
global economic crisis.
Documents from NEDA showed that a
crisis-monitoring unit would be maintained at the agency as the
regular arm of the Task Force for gathering, generating and
disseminating information.
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Intel, Nokia forge
strategic alliance for mobile business
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THE Philippine operation of Texas Instruments (TI)
hangs in the balance after rival Intel forged a strategic
partnership with Nokia to develop futuristic mobile computing
devices.
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BPI sees lending
slowdown
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EASING demand for consumer loans will cut lending
growth to the single digits in the second quarter, the Bank of the
Philippine Islands (BPI) said.
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Arroyo govt’s
borrowings shoot up
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THE Philippines ramped up its borrowing program last
month on the back of weak tax collections, according to the Bureau
of Treasury.
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GSIS complains of
rising receivables
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The Government Service Insurance Corp. (GSIS) said
its unreconciled accounts with government agencies are increasing,
thus, affecting its means to pay its members’ benefits.
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Stock market
registers gains on technical rebound
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Local share prices closed 1.93 percent higher on
Wednesday in a technical rebound after a sharp fall the previous
day, dealers said.
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Smart offers
unlimited within-network calls
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SMART Communications Inc. on Wednesday said it would
offer pre-paid subscribers unlimited call services within its
network and with calls to or from subscribers of unit Pilipino
Telephone Co. (Piltel) in a bid to boost revenues...
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BPO receives tax
incentives
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The Board of Investments (BOI) on Wednesday said it
has granted tax incentives and other perks to a business process
outsourcing facility under a nonpioneer status.
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Philodrill secures
15-year extension for petrol service contract
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The Department of Energy (DOE) has approved the
extension of two petroleum service contracts (SC) in offshore
Palawan held by Philodrill Corp.
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Metrobank-led
consortium taps project financing for Cebu plant
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A consortium led by the Metrobank Group has secured
financing for a coal-fired power plant in Cebu.
text
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Taiwanese food
expo to benefit Philippine exporters, says MECO
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THE Manila Economic and Cultural Office (MECO) said
thousands of Taiwanese and international buyers are expected to
flock the Philippine pavilion at the 19th Taipei International Food
Show (Food Taipei 2009).
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First Pacific to
boost mining assets
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THE Hong Kong-based parent firm of Metro Pacific
Investments Corp. (MPIC) plans to increase its investments in the
Philippine mining industry after it bought a substantial stake in
the country’s largest mine operator.
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Saudis to invest
this year, says Transpacific
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Transpacific Broadband Group International (TBGI)
Inc. said it expects the investment from His Royal Highness Prince
Abdul Aziz Bin Talal al Saud of Saudi Arabia to be infused this
year.
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