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January trade balance yields $ 756-M deficit as imports soar
The country posted a trade deficit of $ 756 million in January this year, a reversal of the trade surplus recorded in January 2007.
BSP okays P5-B LTNCDs for OFWs
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved Land Bank of the Philippines’ P5-billion long-term negotiable certificates of deposit (LTNCDs) for overseas Filipinos.
Copra shortage not due to biodiesel only
A group supporting biodiesel producers has countered allegations that the anticipated shortfall on copra production can be attributed largely to biodiesel production.
Petron makes P6.4 billion in 2007
The net income of Petron Corporation improved slightly to P6.4 billion last year, higher by 6.3 percent from P6.02 billion in 2006.
P2-T infra projects offered to donors
Acting Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director-General Augusto B. Santos presented to the donor community the updated Comprehensive Infrastructure Investment Program (CIIP) costing more than P2 trillion.
BDO leads in asset management, UITF volume
Banco de Oro Unibank Inc. (BDO), the flagship institution of retail and mall magnate Henry Sy, bested all other financial firms in the country, both on the amount of assets under management (AUMs) and unit investments trust funds (UITF) for 2007.
Ferronickel plant starts operations
The Platinum Group Metals Corp. (PGMC) is projected to earn a revenue of .6 million from its Iligan ferronickel plant over the next five years even as it has started operation of the Deutsche Bank-funded project.
Business Options
In the corporate setting, there is a running debate about what constitutes the optimal mix of debt and equity in considering the capital structure of the firm.
P/$ rate closes at P41.73/$ 1
The peso exchange rate closed lower at P41.73 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P41.575 the previous day. The weighted average rate depreciated to P41.61 from P41.601. Total volume amounted to $ 474.5 million.
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