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Tuesday, May 26, 2009

 

RP Seen To Have Registered 
Modest First-Quarter Growth

By Darwin G. Amojelar, Senior Reporter

THE Philippine economy is likely to have grown at a modest pace in the first quarter of the year, due to Remittances from overseas Filipino workers (OFW) and government pump priming activities, economists polled by The Manila Times said.

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O T H E R   R E P O R T S

 

The Bangko Sentral ng Pilipinas (BSP) said inflation will decline further in the third quarter this year despite the likely improvement in economic activity.

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The peso strengthened further on Monday, touching the 46-to-a-dollar level on easing risk aversion and a weaker US currency, before giving up early gains later in the day.

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The government expects to double the country’s renewable energy capacityin the coming decade with the signing of the implementing rules and regulations of the Renewable Energy Law.

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The Department of Finance announced on Monday that it would suspend the clarificatory guidelines on importation of books after groups called the measure as “anti-poor.”

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State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has deferred the scheduled sale of National Power Corp.’s (Napocor) first batch of contracted capacity with independent power producers (IPP)...

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THE Philippines’ largest mall owner and operator said it plans to rebuild SM Megamall in Mandaluyong City into the country’s biggest shopping center.

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DIGITAL Telecommunications Phils. Inc., the operator of Sun Cellular has accelerated its capital expenditures this year to fund the expansion of its mobile and broadband network as sales...

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Aboitiz Power Corp. (AP) said it plans to rehabilitate and expand its newly acquired geothermal plants from the government’s power sector privatization program.

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Agro-commercial firm AgriNurture Inc., said on Monday that it plans to raise additional capital to fund its P1-billion capital expenditure this year.

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MANAGING FOR SOCIETY
By Dennis L. Berino, D.B.A.

The field of business and management generates one of the highest proportions of enrollees in most local schools of higher learning offering the program in their curriculum.

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