| |
|
|
 |
 |
|
RP places fifth in world’s business confidence scale
An international business survey showed rising confidence in the Philippines as investment site and that more Filipinos think their own country is a business goldmine.
2005 was a banner year for DBP
2005 was a banner year for the state-owned Development Bank of the Philippines (DBP) both financially and its operations.
RP to pay P339-B loan interest this year
The National Government has interest obligations of P339.7 billion this year, higher compared to the 2005 programmed interest payments of P313.4 billion.
Measures eyed to mitigate VAT impact
The Department of Energy (DoE) is exploring array of measures that it can implement to soften the impact of the scheduled 2.0 percent increase in value- added tax (VAT) charges this year.
PCCI bats for free trade with US
The Philippine Chamber of Commerce and Industry (PCCI) has sought its counterpart chambers in the United States to push for the speedy forging of a free trade agreement between the two countries.
Small oil player backs creation of ‘super body’ for energy sector
One of the small players in the oil industry, Eastern Petroleum Corporation, came out in the open and has thrown support to the shelved Executive Order 474 that calls for the creation of a ‘super body’ for the energy sector; notwithstanding that majority in the entire industry remains firm in condemning the measure.
NEWS IN BRIEF
The peso rate closed at P52.52 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P52.646.
PSE posts 2nd highest price gains
Stocks listed at the Philippine Stock Exchange (PSE) posted the second fastest growth in prices in Southeast Asia last year although political scandals and bickering bothered the country in 2005.
ING Group sees RP credit upgrade
Dutch global banking giant ING Group expects the fiscal reforms set in place by the government such as the full implementation of the Reformed Value-Added Tax Law to earn it an outlook upgrade and eventually a ratings upgrade this year.
MWSS installs Maynilad board
Maynilad Water Services Inc. in its first stockholders meeting Monday elected representatives from the Metropolitan and Waterworks Sewerage System to the new board, replacing the Lopez people.
RP sugar output seen falling 6.9% but no imports likely
The Philippines’ sugar production is foreseen to drop by 6.9 percent to a flat two million metric tons (MT) this crop year 2005-2006, but government is curbing any importation so as to keep consumers from the adverse impact of soaring world market prices.
PAL to suspend flights to Riyadh
Philippine Airlines will suspend flights to Riyadh on March 2, 2006 as it rationalizes operations amid a massive oversupply of airline seats in the Middle East market that has caused it persistent losses in the region.
LGUs can be powerful growth engines
Local government units (LGUs) can become powerful growth engines amid the devolution of national government’s (NG) authority to them if only they could institutionalize budgetting, improve transparency, and drive their development agendas through non-traditional funding means.
New likely bidders seen for TransCo
The advent of new prospective bidders in the 25-year concession contract for the National Transmission Corporation (TransCo) has been hinted by Energy Secretary Raphael P.M. Lotilla.
Intervention worries hurt Asian currencies
SINGAPORE, Jan. 10 (Reuters) — Asian currencies slipped in holiday-thinned trading on Tuesday, weighed down by profit-taking after their sharp rises in the past week and the anxiety about possible central bank intervention.
|
|
|
 |
|
