|
|
|
Saturday, March 07, 2009 |
|
|
|
Foreign borrowings
prop up
country’s dollar reserves
|
|
By Maricel E. Burgonio, Reporter
THE growth of the country’s
dollar reserves slowed in February, data from the Bangko Sentral ng
Pilipinas (BSP) showed.
In a statement, the BSP said the
country’s gross international reserves (GIR) increased by $100
million to $39.3 billion at end-February from $39.2 billion at
end-January, for a growth of only 0.2 percent, as against the more
than 4-percent rise between December and January.
A sustained decline in the GIR
would put pressure on the peso and cause higher inflation.
|
|
 Full
Story>>
|
|
|
|
|
|
|
|
|
Meralco claims
it’s clueless about price surge
|
|
THE Philippine Stock Exchange (PSE) on Friday ordered
the Manila Electric Co. (Meralco) to explain the rapid price and
volume movement of its shares in recent trading sessions.
|
|
Full
Story>>
|
|
|
|
|
Bank lending picks
up pace in January
|
|
BANK lending picked up pace in January despite the
feared clampdown in domestic credit availability.
|
|
Full
Story>>
|
|
|
|
|
Kirin offers to
buy remaining SMB shares
|
|
KIRIN Holdings of Japan wants to buy out the
remaining shareholders of San Miguel Brewery Inc. (SMB).
|
|
Full
Story>>
|
|
|
|
|
Local stock market
falls on consolidation after rally
|
|
PHILIPPINE shares fell slightly on Friday as the
market consolidated after a two-day rally, dealers said.
|
|
Full
Story>>
|
|
|
|
|
Government
collects higher sin taxes in 2008
|
|
THE government generated more collections from the
excise tax on cigarette and alcohol products last year, the
Department of Finance (DOF) said.
|
|
Full
Story>>
|
|
|
|
|
Piltel profit
climbs on higher revenues
|
|
PILIPINO Telephone Corp. (Piltel) said its net income
grew by more than a third last year on the back of higher revenues.
|
|
Full
Story>>
|
|
|
|
|
Banco de Oro to
raise funds
|
|
Banco de Oro Unibank Inc. (BDO) announced on Friday
that it would raise funds from the public through the issuance of
Tier 2 capital next week to expand the bank’s loan portfolio.
|
|
Full
Story>>
|
|
|
|
|
Power supply OK
despite Malampaya repairs–DOE
|
|
The country’s electricity supply will not be
affected by repairs works being conducted at one of the Malampaya
gas field’s facilities, a government official said.
|
|
Full
Story>>
|
|
|
|
|
Regulator
approves AP bond sale
|
|
The Securities and Exchange Commission (SEC) has
approved Aboitiz Power Corp.’s (AP) P3-billion bond sale to partly
finance its acquisition of the geothermal power facilities the
government privatized in July last year.
|
|
Full
Story>>
|
|
|
|
|
UnionBank net
income drops
|
|
Union Bank of the Philippines (UnionBank) posted a
significant drop in its net income despite robust lending to
corporate, commercial and consumer sectors.
|
|
Full
Story>>
|
|
|
|
|
Fresh gloom
engulfs Asian markets
|
|
TOKYO: Gloom returned to Asian markets Friday after
Wall Street was hammered by grim economic news, a bankruptcy warning
from General
Motors and fading hopes of new Chinese stimulus measures.
|
|
Full
Story>>
|
|
|
|
|
Fraud-hit Satyam
gets nod for stake sale
|
|
MUMBAI: Fraud-hit Indian outsourcing firm Satyam on
Friday said it had been given the green light to open a global
bidding process to sell off a 51- percent stake in the company.
|
|
Full
Story>>
|
|
|
|
|
LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
|
|
Beliefs are
infectious, are yours worth catching?
|
|
THE award-winning song by Robert
Kelly goes:
I believe I can fly
I believe I can touch the sky
|
|
Full
Story>>
|
|
|
|
|
|
| |
