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Tuesday, May 26, 2009 |
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RP Seen To Have
Registered
Modest First-Quarter Growth
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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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BSP expects tamer
3Q inflation
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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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Peso touches
46-to-a-dollar
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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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Doubling of
renewable energy set
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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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Finance suspends
rules on book imports
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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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PSALM pushes back
sale of Napocor contracted output
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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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SM Prime to
position Megamall as biggest
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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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Digitel increases
capex on growth prospects
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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 plans to
expand Tiwi-Makban power plants
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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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AgriNurture eyes
bank loans, stock sale for capex
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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.
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PRME: Toward a
responsible management education
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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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