|
|
|
Saturday, June 27, 2009 |
|
|
|
SAN MIGUEL, ABOITIZ OFFERS DISAPPOINT
|
|
First auction of
Napocor’s
third-party contracts fails
|
|
By Euan Paulo C. Añonuevo,
Reporter
The
first bidding for independent power producer administrators (IPPA)
who would manage the contracted capacities of state-owned National
Power Corp. (Napocor) failed after the two participants’ offers
fell below the government’s reserve price.
The two bidders—San Miguel
Energy Corp. and Therma Luzon Inc.—passed the technical and
financial requirements that state-run Power Sector Assets and
Liabilities Management Corp. (PSALM) set.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Treasury sets
lower third quarter borrowings
|
|
The government has scheduled a smaller borrowing
program for the third-quarter this year, according to the Bureau of
Treasury.
|
|
Full
Story>>
|
|
|
|
|
State subsidies to
GOCCs shoot up
|
|
STATE subsidies to non-financial government owned or
controlled corporations (GOCCs) shoot up in the first five months of
the year, the Department of Finance said.
|
|
Full
Story>>
|
|
|
|
|
Financial, capital
account deficit to widen, says Bangko Sentral
|
|
THE Bangko Sentral ng Pilipinas (BSP) said the
country’s capital and financial account would register a wider
deficit this year on account of cautious investor sentiment amid the
global economic crisis.
|
|
Full
Story>>
|
|
|
|
|
US economic
decline offers hope of rebound
|
|
WASHINGTON, D.C.: The US economy shrank at a 5.5
percent pace in the first quarter, the government said Thursday in a
report offering a glimmer of hope for recovery from a prolonged
recession.
|
|
Full
Story>>
|
|
|
|
|
US extends
financial aid to RP
|
|
The National Economic and Development Authority (NEDA)
announced on Friday that the US government will provide development
assistance to fund the country’s social and economic projects this
year.
|
|
Full
Story>>
|
|
|
|
|
‘Cooling
period’ for independent directors set
|
|
THE Securities and Exchange Commission (SEC) has set
a “cooling-off period” for regular directors seeking independent
seats in companies.
|
|
Full
Story>>
|
|
|
|
|
CAUTIOUS ABOUT LOCAL CONSUMER SPENDING
|
|
Jollibee eyes more
stores abroad
|
|
The country’s biggest fast food chain plans to open
more store openings abroad as it remains “cautious” in the
second semester due to an expected slowdown in remittances of
overseas Filipino workers (OFWs).
|
|
Full
Story>>
|
|
|
|
|
Life products lift
preneed sales in first four months, says SEC
|
|
SALES of preneed plans were up in the first four
months as clients bought more life products during the period, the
Securities and Exchange Commission (SEC) said.
|
|
Full
Story>>
|
|
|
|
|
BLAMES ECONOMIC SLOWDOWN, A(H1N1)
|
|
JG Summit cuts
capital expenditures
|
|
THE Gokongwei group has cut its capital expenditures
for this year as it anticipates a slowdown in its food and airline
businesses due to the weak economy and the spreading Influenza
A(H1N1).
|
|
Full
Story>>
|
|
|
|
|
Belle Corp. sees
earnings growing nearly half this year
|
|
THE developer of high-end Tagaytay Highlands expects
its net income to recover this year.
|
|
Full
Story>>
|
|
|
|
|
PNOC unit, Negros
farmers’ groups sign jatropha supply agreement
|
|
STATE-OWNED Philippine National Oil Co.’s (PNOC)
alternative fuels arm has inked a jatropha plantation agreement with
two farmers’ groups in Negros Occidental to fast track the
development of the country’s biofuels program.
|
|
Full
Story>>
|
|
|
|
|
LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
|
|
Netgens and Web
2.0 social media
|
|
The vastly unbeaten ASTD 2009 Conference & Expo
held in Washington, D.C. early this month had ASTD president’s
Tony Bingham delivering a very thoughtful keynote speech on Day 1.
|
|
Full
Story>>
|
|
|
|
|
|
| |
