| |
|
|
 |
 |
|
IMF, WB watching economic fallout from Thailand coup
SINGAPORE (AP) — The International Monetary Fund and the World Bank said Wednesday they were watching closely for any economic fallout from a military coup in Thailand, and agreed at the end of their meetings on the need to revive global trade talks and curb risks to global growth.
While retaining 51% control
Zobel de Ayala holding firm Mermac, Inc. approved the sale of a portion of the company’s holdings in Ayala Corporation amounting to 23.84 million shares, or 6.9 percent of the firm’s outstanding capital.
EO 556 freezes oil/gas investments
Until policy directions are cleared up, anticipated inflow of investments for oil and gas exploration ventures would be at standstill because of the confusing Executive Order 556.
NG still needs to infuse P40 billion for paid-in capital of Bangko Sentral
The Bangko Sentral ng Pilipinas has a net worth reserves/surplus of P268.72 billion and paid-in capital of P10 billion as of end-June, but officials said despite the buffer cash, it needs the P40-billion capital from the National Government.
WESM prices averaging P4.00/kWh
The load weighted average price (LWAP) of the Wholesale Electricity Spot Market (WESM) has been inching up drastically in the past weeks, inching up to P4.00 per kilowatt hour (kWh) for August 26-September 25 billing cycle, which would be over P1.00 per kWh higher from the previous month’s P2.90 per kWh average.
Smart offers investors small call centers
Investors can now operate a 15-seat mobile call center anywhere in the country for as low as P325,000 after Smart Communications and Silicon Valley-based call center solutions provider Five9 Inc. signed a partnership that transforms Smart Click vans from Internet cafes by day into call centers by night.
Masara Mine facility set to start operations
Apex Mining Company Inc. has started the precommissioning of its Masara Mine to assess the integrity of the refurbished 500 tons per day process facility prior to the commencement of continuous production.
ICT Group expands BPO
US-based ICT Group Inc., a leading global provider of customer management and business process outsourcing (BPO) solutions, has expanded to its third location in the Riverbanks Center facility in Marikina City.
8 Asean countries support development of natural gas
Eight ASEAN member countries reiterated their support for the development of natural gas as alternative sources of fuel.
Mirant RP assets highly profitable
Mirant Asia Pacific Ltd., which holds interests in the US firm’s Philippine power generation portfolio, is expected to corner a windfall of US$ 5.3258 billion (roughly P272 billion) in operating income from next year until the end of its Build-Operate-Transfer (BOT) contract with state-owned National Power Corporation.
Business Options
A review of the recent literature on SME access to finance will reveal that much of the analysis on lending technology appropriate for resolving the many problems faced by SMEs in securing bank loans starts from a proper appreciation of the supply side situation. If banks are not willing to lend, it must be for some good reasons and it is important to pin down these reasons correctly.
PLDT call center unit enters partnership deal with India's Infosys
MANILA (XFN-ASIA) - Ventus, the call center company of Philippine Long Distance Telephone Co's (PLDT) unit ePLDT Inc, said it has entered into a partnership agreement with Infosys BPO Ltd, a business process outsourcing subsidiary of Nasdaq-listed Infosys Technologies of India.
5-6% growth can reduce poverty — Neri
The National Economic and Development Authority (NEDA) says the economy should grow five to six percent and then to seven percent to make growth more pro-poor.
Earnings of listed firms surge 30% in H1
The combined earnings of companies listed in the Philippine Stock Exchange (PSE) went up by 29.7 percent to P106.6 billion in the first half of 2006 from P82.21 billion for the same period last year.
P1-B cement plant expansion meets opposition
House Majority Floor Leader Prospero Nograles has raised strong opposition against Holcim Philippines’ proposed P1-billion expansion of its cement manufacturing facility in Davao saying the plant has not complied with environmental requirements and is causing pollution in the neighboring communities.
US Fed seen holding rates steady
WASHINGTON, Sept. 20 (Reuters) — US Federal Reserve officials are expected to hold interest rates steady on Wednesday, but they are also seen renewing an inflation warning even while taking stock of cooler economic growth.
World Bank set to follow IMF on voting reform
SINGAPORE, Sept. 20 (Reuters) — An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF’s head said on Wednesday, as the World Bank signalled it was ready to go the same route.
Cairns Group pushes to break WTO deadlock
CAIRNS, Australia (AP) — A key group of farm exporting countries meeting Wednesday in Australia will press ahead with a proposal to revive global trade talks, even though Europe already has rejected the deal, Australia’s leader said.
Fitch, S&P place Thailand on review for credit downgrade
NEW YORK, Sept. 20 (Reuters) — Fitch Ratings and Standard & Poor’s on Tuesday put Thailand’s credit rating on review for a possible downgrade after a coup in Bangkok earlier in the day boosted uncertainty over the country’s credit.
P/$ rate closes at P50.185 to $ 1
The peso rate closed lower at P50.185 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P50.12 the previous day. The weighted average rate depreciated to P50.242 from P50.117. Total volume amounted to $ 534.5 million.
|
|
|
|
|
