| |
|
|
 |
 |
|
Trade deficit drops to .6 B in 2005 from .3 B in 2004
The country’s trade deficit has dropped to .637 billion in 2005 compared to the 2004 deficit of .372 billion.
MMPC launches all-new Galant
Mitsubishi Motor Philippines Corp. (MMPC) is beefing up its passenger car line-up with the introduction of new models Galant and Lancer this year as the country’s second biggest car company aims to capture a bigger slice in the passenger car market. (Photo on Page B-3)
EU program to assist local exporters
The National Economic and Development Authority (NEDA) and the European Union of the Philippines delegation have unveiled a development program that will assist the Filipino exporters to effectively sell their products in the EU market.
China’s juggernaut economy grows 9.9%
BEIJING, Jan. 25 (Reuters) — The juggernaut that is China’s economy expanded 9.9 percent in 2005, beating market expectations and setting the stage for what officials say is likely to be another year of powerful growth.
GSIS puts 12.4% stake in EPCIB for auction
Government Service Insurance System (GSIS) said yesterday it is bidding out its entire 12.4 percent stake in Equitable PCI Bank at a minimum cash price of P92 a share.
NEWS IN BRIEF
The peso rate closed higher at P52.46 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P52.64 the previous day. The weighted average rate appreciated to P52.556 from P52.747. Total volume amounted to 5.22 million.
BSP chief more optimistic on prospects of economy in 2006
Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. is more confident about the economy’s growth prospects this year, noting that the positive fundamentals will continue to deflect the inflationary impact on interest rates.
MWC eyes privatization of water supply in rest of Asia
HONG KONG, Jan. 25 (Reuters) — Manila Water Co. Inc. is touting its record of connecting thousands of homes in the Philippine capital in a bid for a slice of water privatization action elsewhere in Asia.
Gov’t prepared to import sugar
Trade and Industry Secretary Peter B. Favila said the government is prepared to import sugar to avert shortage in local supplies if the alleged hedging on prices of sugar continues.
Business Options
Since the peso-dollar exchange rate displayed remarkable appreciation starting the end of 2005, the country has been hugging international headlines. Today, we are the newest darling in the Capital Market, our Credit Ratings are up for review, and the involvement of foreign investors has buoyed up our Stock Market. This is a far cry from a year ago when the country was included in practically all the world’s negative list of who’s who e.g. Worse Credit Ratings, Most Crimes Committed, Least Place to Invest, Least Livable Place, Place Not for Movie Making, etc. This time, we have slowly changed Investors Confidence of our Country. Today, foreign capitalist have started to take a second look at our ability to manage the economy. And Tourist Arrivals came in strong by end of 2005, according to the Tourism Department.
Senate action on mandatory 1% CME blend on diesel sought
An advocacy group has appealed to the Senate to act faster on the passage of a measure that would prescribe a mandatory 1.0 percent coco methyl ester (CME) blend on diesel fuel sold at the pumps.
DoCoMo all set to buy PLDT stake for 0 M
TOKYO, Jan. 25 (Reuters) — Japan’s largest mobile operator NTT DoCoMo Inc. will buy about 5 percent of Philippine Long Distance Telephone (PLDT), the largest telecoms firm in the Philippines, for about 0 million, sources close to the matter said on Wednesday.
Manufacturing sector likely met 4-5-5.4% growth
The National Economic and Development Authority (NEDA) is confident that the growth forecast of 4.5 to 5.4 percent for the year 2005 for the manufacturing sector would likely be achieved as the volume of net sales recovered to 2.1 percent in November from 0.5 percent the previous month.
|
|
|
 |
|
