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Mirant says no tax liability from sale of its RP power assets
Mirant Philippines Corporation Chairman and President Jose P. Leviste Jr. told a Congressional inquiry yesterday that the sale of its Philippine assets through its Hong Kong-based holding company amounting to $ 2.4 billion to $ 2.8 billion will not bear any tax benefit to the Philippine government.
ASEAN single market eyed in 2015
KUALA LUMPUR, Aug. 22 (AFP) — Southeast Asian economic ministers agreed Tuesday to push for the creation of a single regional market by 2015, five years ahead of schedule, to avert the loss of foreign investment to China and India.
Sony grabs big HDTV market share
Sony Philippines has captured a significant share of the high-definition TV (HDTV) market and is expected to sustain its growth for 2006.
ADB sets risk rating scorecards for RBs
Jaouad Berrada, an international banking expert and technical consultant at the Asian Development Bank (ADB), will present to rural bankers a step-by-step guide on how to establish their own "risk rating scorecards" during a three-day workshop on risk-based lending.
LBP to issue $ 100-million Tier 2 notes
With the stabilization of global interest rates, the Land Bank of the Philippines is pushing through with the issuance of a minimum of $ 100-million worth of Tier 2 subordinated notes next month.
P/$ rate closes at P51.30 to $ 1
The peso rate closed lower at P51.30 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P51.115 last Friday. The weighted average rate depreciated to P51.229 from P51.16. Total volume amounted to 8 million.
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