The Government Service Insurance System (GSIS) is expecting net revenues of P37 billion to R38 billion this year from net revenues of only P35 billion in 2003.
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As international pump prices already breached a level of $47.50 per barrel for gasoline, oil industry players have already been batting for an adjustment in domestic pump prices.
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Standard & Poor’s Ratings Services remain positive overall despite a downgrade in the country’s long-term local currency rating, according to Finance Secretary Juanita D. Amatong.
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American-owned Philip Morris Philippines Manufacturing Inc. (PMPMI) is proposing a uniform absolute increase across all tax brackets of cigarettes to ensure higher tax take for the government as against the government’s proposed tax indexation.
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Ignoring rising inflation levels due to recent adjustments in transport fare and oil prices, the Bangko Sentral ng Pilipinas (BSP) kept its key policy rates untouched yesterday but it will now be more watchful of any more pressures to inflation rates, which is projected to close higher than expected
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The peso closed lower at P56.025 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.985 the previous day. The weighted average rate appreciated to P56.009 from P56.022. Total volume amounted to $139.9 million.
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San Miguel Corporation’s (SMC) international beer operations are expected to report solid volume gains in the first half of the year.
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The Japanese Chamber of Commerce and Industry of the Philippines has called on President Gloria Macapagal Arroyo to keep the country competitive through extensive reforms and immediate solution of pending issues in key sectors.
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Creditor banks of the National Steel Corp. (NSC) have agreed to extend for 45 days the signing of the final asset purchase agreement with the Ispat-owned Global Infrastructure Holdings Ltd. (GIHL).
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At no other point in the Philippines economic development has any administration been presented a greater challenge to pursue a more balanced and more effective strategy that will answer the most urgent needs of the people for relief from exorbitant prices of prime commodities and unprecedented cost
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In line with the bid to transfer the outstanding liabilities of stateowned National Power Corporation (NPC) to successor-company Power Sector Assets and Liabilities Management Corporation (PSALM), the Japan Bank for International Cooperation (JBIC) is prodding government negotiators to put forward a
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At least six Japanese firms have been pre-qualified to bid for the turnkey contract of the 40megawatt pilot wind power project of Philippine National Oil Company-Energy Development Corporation (PNOC-EDC) in Burgos, Ilocos Norte.
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International Exchange Bank (iBank), one of the leading commercial banks in the country, filed yesterday a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE). This will be the first major Initial Public Offering
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Security Bank Corporation (SBC) reported yesterday it earned P289 million for the second quarter of this year, up 54 percent from the first quarter net profit figure of P188 million. The bank’s income now stands at P476 million, which is ahead of budget and on track towards attainment of the bank’
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ABS-CBN Broadcasting Corp. clarified yesterday that it has no intention to acquire parent firm Benpres Holdings Corp.’s stake of over 60 percent in Sky Cable. The broadcasting firm made the remark in a disclosure to the stock exchange in response to a newspaper report that said it is mulling the acq
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The findings of a recent study conducted by Asian Institute of Management professor Eduardo L. Roberto in tandem with the Social Weather Station on corporate misconduct or corruption are quite revealing.
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SINGAPORE, July 29 (Reuters) — Global oil prices clung near their highest levels in at least 21 years on Thursday after Russian oil giant YUKOS was ordered to stop sales, threatening further strain on thin world supplies.
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East Asian economies, excluding Japan, are expected to overcome high world oil prices to grow faster than expected this year, an Asian Development Bank think tank said Thursday.
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GENEVA (AP) — The World Trade Organization (WTO) chief was expected to produce a new proposal Thursday as senior trade mediators and government negotiators worked to bridge the divide between rich and poor nations over farm trade liberalization.
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BANGKOK, July 29 (AFP)—Thai Airways announced Thursday it will buy 14 aircraft within six years in a multi-billion dollar deal as it tries to become one of the top ten world airlines.
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