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SMC earns P988 M from 30% sales hike in 2 months
Food and beverage giant San Miguel Corporation generated upbeat results for the first two months of 2006 with consolidated net sales revenue growing 30 percent to P38.8 billion.
China firm sets $ 300-M glass plant in Subic
Hebei Jingniu Group, a large-scale transnational company based in China that produces and sells high-tech glass products, is infusing $ 300-million investments for the setting up of a production plant in Subic Freeport.
ECoP bucks bill compelling firms to retain 80% of their workers
The Employers Confederation of the Philippines (ECoP) has opposed House Bill 3338 which compels employers to hire or maintain regular employees comprising not less than 80 percent of its workforce.
ASEAN market eyed for ‘bio-fertilizer’
A Filipino bio-fertilizer producer that passed government’s quality standard for organic fertilizer is now testing its bio-fertilizer in three South East Asian countries in a hope to make the Philippines emerge as leader in this Asean pioneering effort.
SEC retains 35% tender offer threshold
The Securities and Exchange Commission (SEC) has decided to retain the current tender offer rules after conducting a review for possible revisions.
BSP keeps interest rates unchanged
The Bangko Sentral ng Pilipinas kept overnight rates unchanged yesterday, as expected, and signalled it would hold fire in the short-term as an easing in oil prices and a strong peso keep inflation in check.
P/$ rate closes at P51.120 to
The peso rate closed lower at P51.120 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P51.09 the previous day. The weighted average rate depreciated to P51.119 from P50.997. Total volume amounted to 1.42 million.
Philippine stock market 'most overvalued' in Asia - HSBC
MANILA (XFN-ASIA) - HSBC said the Philippines has the ''most overvalued'' stock market in Asia, even as the economy is expected to grow at an unimpressive rate of 4.7 percent this year.
Forex reserves hit all-time high at $ 20.8 B in March
MANILA (AFP) - The Philippines' forex reserves rose to a record $ 20.84 billion in March, boosted by the government's latest foreign borrowings, the central bank said Friday.
Ayala Corp. eyes new investments, may pay debt before due date
MANILA (XFN-ASIA) - Ayala Corp plans to invest between $ 100-150 million in fund management groups to expand its business portfolio and is now looking at paying $ 280 million worth of debts before they mature in 2008, senior officials of the country's largest conglomerate said.
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